ACCOUNTS - Final Accounts preparation

Company Registration Number OC436611

	OAKFIELD PARK (KIRKBY LONSDALE) LLP

	FINANCIAL STATEMENTS

	31 MARCH 2025

OAKFIELD PARK (KIRKBY LONSDALE) LLP

REGISTERED NUMBER: OC436611

BALANCE SHEET

AS AT 31 MARCH 2025


	2025	2024
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	1,317,306		1,317,307
Cash at bank and in hand	5	10		-
		1,317,316		1,317,307
Creditors: Amounts Falling Due Within One Year	6	(1,351,921)		(1,317,307)
Net current (liabilities)/assets			(34,605)		-
Total assets less current liabilities			(34,605)		-

Net (liabilities)/assets			(34,605)		-

Represented by:
Loans and other debts due to members within one year
Members' other interests
Other reserves classified as equity	(34,605)		-
		(34,605)		-

Total members' interests
Members' other interests	(34,605)	-

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

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 9 December 2025.

Russell Armer Limited

Designated member

The notes on pages 4 to 7 form part of these financial statements.

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OAKFIELD PARK (KIRKBY LONSDALE) LLP

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Other reserves	Total equity
	£	£
Comprehensive income for the year
Loss for year for discretionary division among members	(34,605)	(34,605)
Total comprehensive income for the year	(34,605)	(34,605)
Total transactions with members	-	-
At 31 March 2025	(34,605)	(34,605)

The notes on pages 4 to 7 form part of these financial statements.

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OAKFIELD PARK (KIRKBY LONSDALE) LLP

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2024

	Total equity
	£
Comprehensive income for the year
Total comprehensive income for the year	-
Total transactions with members	-

The notes on pages 4 to 7 form part of these financial statements.

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OAKFIELD PARK (KIRKBY LONSDALE) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Oakfield Park (Kirkby Lonsdale) LLP is registered in England and Wales. The company's registered number is OC436611. The company's registered office is Agricola House Cowper Road, Gilwilly Industrial Estate, Penrith, England, CA11 9BN.

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

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

Management and the Designated Memebers have considered a period of at least twelve months from the date of sign off when making their assessment with regards to going concern. Management have confirmed there is no intention to strike off the entity within 12 months from the date these financial statements are signed. After consideration of all factors, including managements intentions and the cash reserves of the LLP, the Designated Members have continued to adopt the going concern basis in preparing the financial statements.

2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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OAKFIELD PARK (KIRKBY LONSDALE) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Allocation of Profits

Other reserves classified as equity comprises of accumulated profits less distributions to members.

The balance is available for discretionary division among members and therefore held as equity. When a distribution is agreed the value is reclassified as debt untill settlement.

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OAKFIELD PARK (KIRKBY LONSDALE) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The entity has no employees.

Debtors

					2025	2024
					£	£


Amounts owed by connected companies	1,314,784	1,314,784
Other debtors	2,522	2,523
	1,317,306	1,317,307

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	10	-
Less: bank overdrafts	-	(5)
	10	(5)

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	-	5
Amounts owed to participating interests	1,351,921	1,317,301
Other creditors	-	1
	1,351,921	1,317,307

7.	Related party transactions
	At the balance sheet date the LLP owed £204,131 (2024 - £204,131) to Housing Growth Partnership, an entity which owns 50% of the share capital of the company.

8.	Controlling party

The LLP was jointly controlled by its two corporate designated members, Russell Armer Limited and Genesis (South) Holdings Limited during the year.

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OAKFIELD PARK (KIRKBY LONSDALE) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 9 December 2025 by Simon Turner (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

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