IRIS Accounts Production v24.3.2.46 OC393083 designated member 1.1.24 31.12.24 31.12.24 0 0 true false true false false true true false 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC393083 2023-12-31 OC393083 2024-12-31 OC393083 2024-01-01 2024-12-31 OC393083 2022-12-31 OC393083 2023-01-01 2023-12-31 OC393083 2023-12-31 OC393083 ns15:EnglandWales 2024-01-01 2024-12-31 OC393083 ns14:PoundSterling 2024-01-01 2024-12-31 OC393083 ns10:PartnerLLP1 2024-01-01 2024-12-31 OC393083 ns10:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC393083 ns10:SmallEntities 2024-01-01 2024-12-31 OC393083 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 OC393083 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC393083 ns10:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 OC393083 ns10:FullAccounts 2024-01-01 2024-12-31 OC393083 ns10:PartnerLLP2 2024-01-01 2024-12-31 OC393083 ns10:RegisteredOffice 2024-01-01 2024-12-31 OC393083 ns5:CurrentFinancialInstruments 2024-12-31 OC393083 ns5:CurrentFinancialInstruments 2023-12-31 OC393083 ns5:CostValuation 2023-12-31 OC393083 ns5:Subsidiary1 2024-01-01 2024-12-31 OC393083 1 ns5:Subsidiary1 2024-01-01 2024-12-31 OC393083 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 OC393083 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 OC393083 ns5:CurrentFinancialInstruments 2024-01-01 2024-12-31

REGISTERED NUMBER: OC393083 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SOUTHAMPTON CEDP LLP

| SOUTHAMPTON CEDP LLP (REGISTERED NUMBER: OC393083) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2024

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Income Statement | 3 |

| Statement of Comprehensive Income | 4 |

| Statement of Financial Position | 5 |

| Reconciliation of Members' Interests | 7 |

| Notes to the Financial Statements | 8 |

| SOUTHAMPTON CEDP LLP |

GENERAL INFORMATION

for the Year Ended 31 December 2024

| DESIGNATED MEMBERS: | University Hospital Southampton NHS Foundation Trust

| Partnering Solutions (Southampton) Limited

| REGISTERED OFFICE: | 5 The Triangle

| Wildwood Drive

| Worcester

| WR5 2QX

| REGISTERED NUMBER: | OC393083 (England and Wales)

| SOUTHAMPTON CEDP LLP (REGISTERED NUMBER: OC393083) |

REPORT OF THE MEMBERS

for the Year Ended 31 December 2024

The members present their report with the financial statements of the LLP for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of delivering infrastructure investment, estates development and other services to University Hospital Southampton NHS Foundation Trust. The LLP is also able to deliver similar services to other health and public sector bodies in the Southampton region.

REVIEW OF BUSINESS

The LLP is a joint venture between Partnering Solutions (Southampton) Limited and University Hospital Southampton NHS Foundation Trust.

The LLP receives development fees for projects that financially close or reach completion during the year; its joint venture shareholders will subsequently invoice the partnership for associated project costs. Additionally the partnership receives fees for the management of its subsidiary companies.

The principal risks and uncertainties for this business are considered to be low due to the fact that minimal costs are incurred by the LLP other than upon receipt of revenue following a project reaching financial close or completion.

DESIGNATED MEMBERS

The designated members during the year under review were:

University Hospital Southampton NHS Foundation Trust

Partnering Solutions (Southampton) Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £35 (2023 - £48 loss).

MEMBERS' INTERESTS

Under the terms of the Members' agreement, profits or losses are available for discretionary division between the members and held in other reserves.

This amount can be divided between the Members in proportion to their capital interests and debited or credited to the Members' current accounts at the full discretion of the LLP and requires unanimous consent.

Distributions to Members by the LLP shall not be made unless the Management Board agrees and requires unanimous consent of the Members. Any distributions are to be made in proportion to the Members' capital interests.

Members' capital interests are contributed interest free and cannot be returned to a Member without the unanimous consent of all Members.

SMALL ENTITY EXEMPTION

In preparing this report, the members have taken advantage of the small entities exemptions provided by section 415A of the Companies Act 2006.

ON BEHALF OF THE MEMBERS:

Partnering Solutions (Southampton) Limited - Designated member

18 September 2025

| SOUTHAMPTON CEDP LLP (REGISTERED NUMBER: OC393083) |

INCOME STATEMENT

for the Year Ended 31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

REVENUE | 66,034 |  | 66,605 |  |

Administrative expenses | (66,069 | ) | (66,653 | ) |

OPERATING LOSS and |

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | (35 | ) | (48 | ) |

| SOUTHAMPTON CEDP LLP (REGISTERED NUMBER: OC393083) |

STATEMENT OF COMPREHENSIVE

INCOME

for the Year Ended 31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | (35 | ) | (48 | ) |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (35 | ) | (48 | ) |

| SOUTHAMPTON CEDP LLP (REGISTERED NUMBER: OC393083) |

STATEMENT OF FINANCIAL POSITION

31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

FIXED ASSETS

Investments | 4 | 100 |  | 100 |  |

CURRENT ASSETS

Debtors | 5 | 85,680 |  | 73,067 |  |

Cash at bank | 6,739 |  | 6,772 |  |

92,419 |  | 79,839 |  |

CREDITORS

Amounts falling due within one year | 6 | (85,773 | ) | (73,158 | ) |

NET CURRENT ASSETS | 6,646 |  | 6,681 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 6,746 |  | 6,781 |  |

OTHER RESERVES | 6,726 |  | 6,761 |  |

MEMBERS' CAPITAL

Members' capital | 20 |  | 20 |  |

6,746 |  | 6,781 |  |

TOTAL MEMBERS' INTERESTS

Other reserves | 6,726 |  | 6,761 |  |

Members' capital | 20 |  | 20 |  |

6,746 |  | 6,781 |  |

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 year ended 31 December 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.

| SOUTHAMPTON CEDP LLP (REGISTERED NUMBER: OC393083) |

STATEMENT OF FINANCIAL POSITION - continued

31 December 2024

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

The financial statements were approved and authorised for issue by the members of the LLP and authorised for issue on 18 September 2025 and were signed by:

Partnering Solutions (Southampton) Limited - Designated member

| SOUTHAMPTON CEDP LLP (REGISTERED NUMBER: OC393083) |

RECONCILIATION OF MEMBERS' INTERESTS

for the Year Ended 31 December 2024

| EQUITY |  | DEBT |

| Members' other interests |  |

| Members' capital (classified as equity) |  | Other reserves |  | TOTAL |  | Loans and other debts due to members less any amounts due from members in debtors |  | MEMBERS' INTERESTS |

| £ |  | £ |  | £ |  | £ |  | £ |

Balance at 1 January 2024 |  |  | 20 |  | 6,761 |  | 6,781 |  | - |  | 6,781 |

Loss for the year |  |  | - |  | (35 | ) | (35 | ) | - |  | (35 | )

Members' interests after loss for the year |  |  | 20 |  | 6,726 |  | 6,746 |  | - |  | 6,746 |

Balance at 31 December 2024 |  |  | 20 |  | 6,726 |  | 6,746 |  | - |  | 6,746 |

| EQUITY |  | DEBT |

| Members' other interests |  |

| Members' capital (classified as equity) |  | Other reserves |  | TOTAL |  | Loans and other debts due to members less any amounts due from members in debtors |  | MEMBERS' INTERESTS |

| £ |  | £ |  | £ |  | £ |  | £ |

Balance at 1 January 2023 |  |  | 20 |  | 6,809 |  | 6,829 |  | - |  | 6,829 |

Loss for the year |  |  | - |  | (48 | ) | (48 | ) | - |  | (48 | )

Members' interests after loss for the year |  |  | 20 |  | 6,761 |  | 6,781 |  | - |  | 6,781 |

Balance at 31 December 2023 |  |  | 20 |  | 6,761 |  | 6,781 |  | - |  | 6,781 |

| SOUTHAMPTON CEDP LLP (REGISTERED NUMBER: OC393083) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

1. | ACCOUNTING POLICIES

| General information and basis of accounting

| Southampton CEDP LLP is a limited liability partnership and is incorporated in England and Wales. The address of the registered office is 5 The Triangle, Wildwood Drive, Worcester, Worcestershire, WR5 2QX. The nature of the LLP's operations and its principle activity was that of delivering infrastructure investment solutions, estates development and other services to University Hospital Southampton NHS Foundation Trust.

| The LLP's financial statements have been prepared in compliance with FRS 102 "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland", as applied to small entities and the Companies Act 2006.

| The financial statements have been prepared under the historical cost convention and on a going concern basis.

| The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

| Preparation of consolidated financial statements

| The financial statements contain information about Southampton CEDP LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

| Exemptions

| In accordance with the small companies regime, no cash flow statement is required to be presented as the company qualifies as a small entity as defined in the Companies Act 2006.

| Revenue recognition

| Revenue comprises the value of services supplied during the period to external customers and other group companies to the extent that there is a right to receive consideration and is recorded at the fair value of consideration received or receivable excluding value added tax.

| All revenue is attributable to one class of business and arose in the United Kingdom.

| Investments

| Investments represent shares in subsidiary undertakings which are valued at cost less accumulated impairment losses.

| An impairment review is carried out by comparing the carrying value of investments with a valuation of the individual subsidiary company. Given the nature of the group activities the valuation of subsidiaries is generally based on their underlying net asset value.

| Critical accounting judgements and estimates

| In preparing the financial statements the directors are required to make a number of accounting judgements and make estimates and assumptions concerning the future. There are no judgements or estimates that are deemed significant in the context of these financial statements.

2. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2023 - NIL).

3. | INFORMATION IN RELATION TO MEMBERS

| The average number of members during the year was 2 (2023- 2).

| SOUTHAMPTON CEDP LLP (REGISTERED NUMBER: OC393083) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 100 |  |

| NET BOOK VALUE

| At 31 December 2024 | 100 |  |

| At 31 December 2023 | 100 |  |

| The LLP's investments at the Statement of Financial Position date in the share capital of companies include the following:

| Southampton CEDP Project Co. Limited

| Registered office: 5 The Triangle, Wildwood Drive, Worcester, Worcestershire, WR5 2QX.

| Nature of business: Property Investment and Development

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

5. | DEBTORS

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 79,220 |  | - |  |

| VAT | 7 |  | 9 |  |

| Prepayments and accrued income | 6,453 |  | 73,058 |  |

85,680 |  | 73,067 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 79,220 |  | - |  |

| Other creditors | 6,553 |  | 73,158 |  |

85,773 |  | 73,158 |  |

| Balances owed to joint venture partners are unsecured, repayable on demand and attract no interest.

7. | RELATED PARTY DISCLOSURES

| The partnership has taken exemption under Section 33 of FRS 102, not to disclose related party transactions with wholly owned subsidiaries within the LLP's group.

| SOUTHAMPTON CEDP LLP (REGISTERED NUMBER: OC393083) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

7. | RELATED PARTY DISCLOSURES - continued

| The LLP is jointly controlled by University Hospital Southampton NHS Foundation Trust (UHS) and Partnering Solutions (Southampton) Limited (PSS).

| PSS is a wholly owned subsidiary of the Prime (GB) Holdings Limited Group.

| During the year the LLP purchased services from the Prime (GB) Holdings Limited Group amounting to £66,034 (2023 - £66,605).

| During the year the Prime (GB) Holdings Limited Group recharged costs of £34 (2023- £47) to the partnership.

| During the year the LLP provided services to UHS amounting to £66,034 (2023 - £66,605).

| The sales and purchases transactions with related parties were included within prepayments and accrued income and other creditors at the year end date.

8. | ULTIMATE CONTROLLING PARTY

| The LLP is jointly controlled by University Hospital Southampton NHS Foundation Trust and Partnering Solutions (Southampton) Limited. There is no ultimate controlling party.