| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| SEATON VILLAGE DEVELOPMENT CONSORTIUM |
| LLP |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| SEATON VILLAGE DEVELOPMENT CONSORTIUM |
| LLP |
| SEATON VILLAGE DEVELOPMENT CONSORTIUM |
| LLP (REGISTERED NUMBER: OC415077) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Accountants' Report | 5 |
| SEATON VILLAGE DEVELOPMENT CONSORTIUM |
| LLP |
| General Information |
| for the Year Ended 31 March 2025 |
| Designated members: |
| Registered office: |
| Registered number: |
| Accountants: |
| 43 Coniscliffe Road |
| Darlington |
| Co. Durham |
| DL3 7EH |
| SEATON VILLAGE DEVELOPMENT CONSORTIUM |
| LLP (REGISTERED NUMBER: OC415077) |
| Balance Sheet |
| 31 March 2025 |
| 31/3/25 | 31/3/24 |
| Notes | £ | £ |
| Current assets |
| Debtors | 4 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current assets |
| Total assets less current liabilities |
| and |
| Net assets attributable to members | 184,489 | 221,493 |
| Loans and other debts due to members | 6 | 184,489 | 221,493 |
| Total members' interests |
| Loans and other debts due to members | 6 | 184,489 | 221,493 |
| 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 were approved by the members of the LLP and authorised for issue on |
| SEATON VILLAGE DEVELOPMENT CONSORTIUM |
| LLP (REGISTERED NUMBER: OC415077) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Seaton Village Development Consortium 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 |
| The financial statements have been prepared on the going concern basis of accounting. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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 development land. Turnover from the sale of land is recognised when the significant risks and reward of ownership of the land have transferred to the buyer. |
| 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. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/25 | 31/3/24 |
| £ | £ |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/25 | 31/3/24 |
| £ | £ |
| Trade creditors |
| Other creditors |
| SEATON VILLAGE DEVELOPMENT CONSORTIUM |
| LLP (REGISTERED NUMBER: OC415077) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 31/3/25 | 31/3/24 |
| £ | £ |
| Amounts owed to members in respect of profits | 184,489 | 221,493 |
| Falling due within one year | 184,489 | 221,493 |
| Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
| Accountants' Report to the Members |
| on the Unaudited Financial Statements of |
| Seaton Village Development Consortium |
| LLP |
| The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Seaton Village Development Consortium LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook. |
| This report is made solely to the members of Seaton Village Development Consortium LLP, as a body, in accordance with the terms of our engagement letter dated 12 November 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Seaton Village Development Consortium LLP and state those matters that we have agreed to state to the members of Seaton Village Development Consortium LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at |
| https://www.accaglobal.com/gb/en/technical-activities/technical-resources- |
| search/2009/october/factsheet-163-audit-exempt-companies.html. |
| To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report. |
| It is your duty to ensure that Seaton Village Development Consortium LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Seaton Village Development Consortium LLP. You consider that Seaton Village Development Consortium 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 financial statements of Seaton Village Development Consortium 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 financial statements. |
| 43 Coniscliffe Road |
| Darlington |
| Co. Durham |
| DL3 7EH |