REGISTERED NUMBER: OC448743 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 AUGUST 2023 TO 31 AUGUST 2024

FOR

LIONSTONE HOMES DEVELOPMENT LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mrs K K Sohal

J S Sohal

REGISTERED OFFICE:

7 St John's Road

Harrow

Middlesex

HA1 2EY

REGISTERED NUMBER:

OC448743 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Investment property

4

1,248,827

CURRENT ASSETS

Debtors

5

8,430

CREDITORS

Amounts falling due within one year

6

3,103

NET CURRENT ASSETS

5,327

TOTAL ASSETS LESS CURRENT LIABILITIES

1,254,154

CREDITORS

Amounts falling due after more than one year

7

450,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

804,154

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

804,154

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

804,154

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 31 August 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.

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 18 September 2025 and were signed by:

Mrs K K Sohal - Designated member

J S Sohal - Designated member

1.	STATUTORY INFORMATION

Lionstone Homes Development LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 2 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,248,827

At 31 August 2024

1,248,827

NET BOOK VALUE

At 31 August 2024

1,248,827

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

8,430

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1

Other creditors

3,102

3,103

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

450,000

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are subordinated to the claims of all other creditors and will only be repaid after the settlement of all external liabilities.