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REGISTERED NUMBER: OC450497

CAYUGA 018 LLP

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 January 2025

CAYUGA 018 LLP

STATEMENT OF FINANCIAL POSITION

31 January 2025

| 31 Jan 25
Note | £ | £

Current assets

Stocks | 5,235,922 |
Debtors | 4 | 1,796,532 |
Cash at bank and in hand | 52,333 |
| ------------- |
| 7,084,787 |

Creditors: amounts falling due within one year | 5 | 226,987 |
| ------------- |
Net current assets |  | 6,857,800
|  | -------------
Total assets less current liabilities |  | 6,857,800

Creditors: amounts falling due after more than one year | 6 |  | 6,857,800
|  | -------------
Net liabilities |  | –
|  | -------------

Represented by:
Loans and other debts due to members

Other amounts |  | –
|  | ----

Members' other interests

Other reserves |  | –
|  | ----
|  | –
|  | ----

Total members' interests

Amounts due from members |  | (420,591)
Loans and other debts due to members |  | –
Members' other interests |  | –
|  | ----------
|  | (420,591)
|  | ----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of income and retained earnings has not been delivered.
For the period ending 31 January 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

CAYUGA 018 LLP

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2025
These financial statements were approved by the members and authorised for issue on 23 March 2026 , and are signed on their behalf by:

GPSEC LLP
Designated Member

Registered number: OC450497

CAYUGA 018 LLP

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 5 JANUARY 2024 TO 31 JANUARY 2025

1. | General information

The LLP is registered in England and Wales. The address of the registered office is 168 Church Road, Hove, BN3 2DL.

2. | Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3. | Accounting policies

Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of income and retained earnings in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of income and retained earnings and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of income and retained earnings within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. | Debtors

| 31 Jan 25
| £
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest | 1,283,122
Other debtors | 513,410
| -------------
| 1,796,532
| -------------

5. Creditors: amounts falling due within one year

| 31 Jan 25
| £
Other creditors | 226,987
| ----------

6. Creditors: amounts falling due after more than one year

| 31 Jan 25
| £
Bank loans and overdrafts | 2,857,800
Amounts owed to group undertakings and undertakings in which the LLP has a participating interest | 4,000,000
| -------------
| 6,857,800
| -------------

The loan is secured by first charge over the land.