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REGISTERED NUMBER: OC448494 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

2 AUGUST 2023 TO 30 NOVEMBER 2024

FOR

CLOISTER LIVING 2023 LLP

CLOISTER LIVING 2023 LLP (REGISTERED NUMBER: OC448494)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 AUGUST 2023 TO 30 NOVEMBER 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOISTER LIVING 2023 LLP

GENERAL INFORMATION
FOR THE PERIOD 2 AUGUST 2023 TO 30 NOVEMBER 2024







DESIGNATED MEMBERS: S Gill
Mrs M K Gill
S S Gill
H S Gill





REGISTERED OFFICE: 1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: OC448494 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

CLOISTER LIVING 2023 LLP (REGISTERED NUMBER: OC448494)

BALANCE SHEET
30 NOVEMBER 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 3,240,000

CURRENT ASSETS
Cash at bank 41

CREDITORS
Amounts falling due within one year 5 787,831
NET CURRENT LIABILITIES (787,790 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,452,210

CREDITORS
Amounts falling due after more than one
year

6

696,601
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,755,609

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,755,609

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,755,609

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 30 November 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

CLOISTER LIVING 2023 LLP (REGISTERED NUMBER: OC448494)

BALANCE SHEET - continued
30 NOVEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 August 2025 and were signed by:





S S Gill - Designated member

CLOISTER LIVING 2023 LLP (REGISTERED NUMBER: OC448494)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 AUGUST 2023 TO 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Cloister Living 2023 LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services:
When the outcome of a transaction can be estimated reliably, turnover from rental contracts is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the rental contracts entered into by customers,

Where the outcome cannot be estimated reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 3,240,000
At 30 November 2024 3,240,000
NET BOOK VALUE
At 30 November 2024 3,240,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 181
Trade creditors 174
Other creditors 787,476
787,831

CLOISTER LIVING 2023 LLP (REGISTERED NUMBER: OC448494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 AUGUST 2023 TO 30 NOVEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 696,601

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 695,890

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 696,779

At the balance sheet date, the company had a bank loan with Redwood Bank, secured by a fixed charge over the company’s freehold property. More details of these registered charges can be found at Companies house.

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts included under the individual partner's current accounts include loans and other debts due to members of the charity. These amounts represent non-interest bearing loans provided by members to support the LLP's activities, they would rank lower than the loans provided by other secured creditors.