| Citygate Developments East Anglia LLP |
| Registered number: |
OC349266 |
| Balance Sheet |
| as at 5 April 2026 |
| Notes |
|
2026 |
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
2,550,000 |
|
1,950,000 |
| Current assets |
|
|
|
|
|
| Debtors |
4 |
|
- |
|
1,944 |
| Cash at bank and in hand |
|
|
44,114 |
|
51,625 |
|
|
|
44,114 |
|
53,569 |
|
| Creditors: amounts falling due within one year |
5 |
|
(89,956) |
|
(107,135) |
|
| Net current liabilities |
|
|
(45,842) |
|
(53,566) |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
2,504,158 |
|
1,896,434 |
|
|
|
| Net assets attributable to members |
2,504,158 |
|
1,896,434 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
7 |
|
205,708 |
|
197,984 |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
200,000 |
|
200,000 |
| Revaluation reserve |
|
|
2,098,450 |
|
1,498,450 |
|
|
|
2,298,450 |
|
1,698,450 |
|
|
|
|
|
|
|
|
|
2,504,158 |
|
1,896,434 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
7 |
|
205,708 |
|
197,984 |
| Members' other interests |
|
|
2,298,450 |
|
1,698,450 |
|
|
|
|
2,504,158 |
|
1,896,434 |
|
|
|
|
|
|
| For the year ended 5 April 2026 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 18 August 2026 and signed on their behalf by: |
|
|
|
|
| A.Jones |
|
|
|
|
| I.Reid |
| Designated member |
|
| Citygate Developments East Anglia LLP |
| Notes to the Accounts |
| for the year ended 5 April 2026 |
|
| 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. |
|
|
Investment property |
|
Investment property is shown at its open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. |
|
|
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. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
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 |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment Property |
| £ |
|
Cost |
|
At 6 April 2025 |
1,950,000 |
|
Revaluation |
600,000 |
|
At 5 April 2026 |
2,550,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 5 April 2026 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 5 April 2026 |
2,550,000 |
|
At 5 April 2025 |
1,950,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2026 |
|
2025 |
| £ |
£ |
|
Historical cost |
459,050 |
|
459,050 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
459,050 |
|
459,050 |
|
|
|
|
|
|
|
|
|
|
The Investment Property was revalued by the members on an open market basis at the Balance Sheet date. |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
- |
|
1,944 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
71,000 |
|
Other creditors |
89,956 |
|
36,135 |
|
|
|
|
|
|
89,956 |
|
107,135 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2026 |
|
2025 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
- |
|
71,000 |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured by a legal charge on the investment property |
|
|
| 7 |
Loans and other debts due to members |
2026 |
|
2025 |
| £ |
£ |
|
|
Amounts due to members in respect of profits |
205,708 |
|
197,984 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
205,708 |
|
197,984 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 8 |
Revaluation reserve |
2026 |
|
2025 |
| £ |
£ |
|
|
At 6 April 2025 |
1,498,450 |
|
1,498,450 |
|
Gain on revaluation of land and buildings |
600,000 |
|
- |
|
|
At 5 April 2026 |
2,098,450 |
|
1,498,450 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
Citygate Developments East Anglia LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
16 Queen Street |
|
Norwich |
|
NR2 4SG |