| Moreland Waterside Properties LLP |
|
| Chartered Accountants' report to the members on the preparation of the unaudited statutory accounts of Moreland Waterside Properties LLP for the year ended 31 March 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by the LLP regulations), we have prepared for your approval the accounts of Moreland Waterside Properties LLP for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the LLP’s accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance |
| This report is made solely to the members of Moreland Waterside Properties LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Moreland Waterside Properties LLP and state those matters that we have agreed to state to the members of Moreland Waterside Properties LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moreland Waterside Properties LLP and its members as a body for our work or for this report. |
| It is your duty to ensure that Moreland Waterside Properties LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Moreland Waterside Properties LLP. You consider that Moreland Waterside Properties LLP is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Moreland Waterside Properties LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. |
|
| Buckley Watson Limited |
| Chartered Accountants |
| 57a Broadway |
| Leigh on Sea |
| Essex |
| SS9 1PE |
|
| 19 December 2025 |
|
| Moreland Waterside Properties LLP |
| Registered number: |
OC403962 |
| Balance Sheet |
| as at 31 March 2025 |
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
2,829,500 |
|
2,829,500 |
| Current assets |
|
|
|
|
|
| Debtors |
4 |
|
8,511 |
|
9,618 |
| Cash at bank and in hand |
|
|
18,556 |
|
56,454 |
|
|
|
27,067 |
|
66,072 |
|
| Creditors: amounts falling due within one year |
5 |
|
(108,821) |
|
(93,503) |
|
| Net current liabilities |
|
|
(81,754) |
|
(27,431) |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
2,747,746 |
|
2,802,069 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(515,000) |
|
(515,000) |
|
|
| Net assets attributable to members |
2,232,746 |
|
2,287,069 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
7 |
|
219,538 |
|
273,861 |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
2,013,208 |
|
2,013,208 |
|
|
|
|
|
|
|
|
|
2,232,746 |
|
2,287,069 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
7 |
|
219,538 |
|
273,861 |
| Members' other interests |
|
|
2,013,208 |
|
2,013,208 |
|
|
|
|
2,232,746 |
|
2,287,069 |
|
|
|
|
|
|
| For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 19 December 2025 and signed on their behalf by: |
|
|
| K D Brown |
| Designated member |
|
| Moreland Waterside Properties LLP |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
Not provided |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2024 |
2,829,500 |
|
At 31 March 2025 |
2,829,500 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
2,829,500 |
|
At 31 March 2024 |
2,829,500 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
8,511 |
|
9,618 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
1,994 |
|
4,327 |
|
Other creditors |
106,827 |
|
89,176 |
|
|
|
|
|
|
108,821 |
|
93,503 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
515,000 |
|
515,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans and other debts due to members |
2025 |
|
2024 |
| £ |
£ |
|
|
Loans from members |
156,428 |
|
156,428 |
|
Amounts due to members in respect of profits |
63,110 |
|
117,433 |
|
|
|
|
|
|
219,538 |
|
273,861 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
219,538 |
|
273,861 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 8 |
Other information |
|
|
Moreland Waterside Properties LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
57a Broadway |
|
Leigh on Sea |
|
Essex |
|
SS9 1PE |