REGISTERED NUMBER: OC385764 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2025

FOR

WORSTEAD DEVELOPMENTS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mr J Coaley

Mr H J Coaley

Mrs M Cocker

REGISTERED OFFICE:

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

OC385764 (England and Wales)

ACCOUNTANTS:

David Simon Limited

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

BANKERS:

Barclays Bank Plc

5 High Road

Willesden Green

London

NW10 2TE

The members present their report with the financial statements of the LLP for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property development.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr J Coaley

Mr H J Coaley

Mrs M Cocker

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £9,540 (2024 - £6,898 loss).

MEMBERS' INTERESTS

Members are permitted to make drawings in anticipation of profits, which will be allocated to them. The amount of such drawings is agreed between the members at the beginning of the financial year, taking into account the anticipated cash needs of the LLP. Any variation will be agreed by the members.

ON BEHALF OF THE MEMBERS:

Mrs M Cocker - Designated member

9 June 2026

TURNOVER

43,754

117,002

Cost of sales

43,063

111,535

GROSS PROFIT

691

5,467

Administrative expenses

9,610

11,270

OPERATING LOSS

(8,919

)

(5,803

)

Interest payable and similar expenses

621

1,095

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(9,540

)

(6,898

)

CURRENT ASSETS

Stocks

306,150

305,094

Debtors

4

55,554

44,172

Cash in hand

22

22

361,726

349,288

CREDITORS

Amounts falling due within one year

5

243,172

224,071

NET CURRENT ASSETS

118,554

125,217

TOTAL ASSETS LESS CURRENT LIABILITIES

118,554

125,217

CREDITORS

Amounts falling due after more than one year

6

10,582

17,245

NET ASSETS ATTRIBUTABLE TO MEMBERS

107,972

107,972

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

107,972

107,972

107,972

107,972

TOTAL MEMBERS' INTERESTS

Members' other interests

107,972

107,972

Amounts due from members

4

(16,438

)

(6,898

)

91,534

101,074

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 year ended 30 September 2025.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 9 June 2026 and were signed by:

Mrs M Cocker - Designated member

1.	STATUTORY INFORMATION

Worstead Developments 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

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.

The financial statements have been prepared on a going concern basis. The LLP has incurred profits of £266 during the year ended 30 September 2019. The validity of this assumption depends on the LLP being able to trade profitably in the future and the continued support of the designated members. The designated members are of the opinion that there is considerable potential in future years and the LLP will trade profitably. The designated members have also expressed their willingness to continue supporting the LLP. Consequently the designated members consider it appropriate for the financial statements to be prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Taxation

Members are personally liable for taxation on their share of partnership profits and losses. Consequently no reserve for taxation is made in these financial statements, and the profits and losses are shown with 'Members' Interests' or as 'Loans and other debts due to Members' without any deduction for tax.

Government assisted loans

Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,525

37,274

Other debtors

17,029

6,898

55,554

44,172

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,688

10,561

Trade creditors

42,518

38,772

Taxation and social security

-

626

Other creditors

187,966

174,112

243,172

224,071

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

10,582

17,245

7.	RELATED PARTY DISCLOSURES

8.	SECURITY PROVIDED

Helmsley Acceptances Limited have a fixed and floating charge over the assets of the company.