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Registered number: OC373429
MYATT'S FIELD DEVELOPMENT LLP
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2025
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MYATT'S FIELD DEVELOPMENT LLP
REGISTERED NUMBER: OC373429
CONSOLIDATED BALANCE SHEET
AS AT 31 JULY 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Members' capital classified as equity
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Other reserves classified as equity
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Amounts due from members (included in debtors)
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MYATT'S FIELD DEVELOPMENT LLP
REGISTERED NUMBER: OC373429
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2025
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The entity has opted not to file the consolidated statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf on 26 August 2026.
The notes on pages 7 to 10 form part of these financial statements.
Myatt's Field Development LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Consolidated Statement of Changes in Equity.
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MYATT'S FIELD DEVELOPMENT LLP
REGISTERED NUMBER: OC373429
LLP BALANCE SHEET
AS AT 31 JULY 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Members' capital classified as equity
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Other reserves classified as equity brought forward
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Loss for the year available for discretionary division among members
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Other reserves classified as equity carried forward
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Amounts due from members (included in debtors)
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The entity's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
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MYATT'S FIELD DEVELOPMENT LLP
REGISTERED NUMBER: OC373429
LLP BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2025
The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLP's regime.
The entity has opted not to file the consolidated statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf on 26 August 2026.
The notes on pages 7 to 10 form part of these financial statements.
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MYATT'S FIELD DEVELOPMENT LLP
CONSOLIDATED RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 JULY 2025
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EQUITY
Members' other interests
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DEBT
Loans and other debts due to members less any amounts due from members in debtors
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Members' capital (classified as equity)
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Loss for the year available for discretionary division among members
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Members' interests after profit for the year
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Amounts introduced by members
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Loss for the year available for discretionary division among members
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Members' interests after profit for the year
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MYATT'S FIELD DEVELOPMENT LLP
LLP RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 JULY 2025
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EQUITY
Members' other interests
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DEBT
Loans and other debts due to members less any amounts due from members in debtors
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Members' capital (classified as equity)
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Loss for the year available for discretionary division among members
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Members' interests after profit for the year
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Loss for the year available for discretionary division among members
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Members' interests after profit for the year
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There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
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MYATT'S FIELD DEVELOPMENT LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Myatt's Field Development LLP is a limited liability partnership, domiciled in the United Kingdom, with a registration number OC373429. The registered office is One Langston Road, Loughton, Essex, IG10 3SD.
2.Accounting policies
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Basis of preparation of financial statements
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The consolidated financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The LLP has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the LLP and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 August 2015.
The Members have made the decision to wind down the LLP, following the payment of outstanding liabilities. Accordingly, the financial statements have been prepared on the break up basis.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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MYATT'S FIELD DEVELOPMENT LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Judgements in applying accounting policies and key sources of estimation uncertainty
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The Group makes accounting estimates and judgements on assets and liabilities at the balance sheet date. The Group's estimates and judgements are based on historical experience and expectation of future events and are reviewed periodically.
The Group has made an estimate with regards to potential overage payable based on criteria as set out in the development contract.
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The entity has no employees.
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MYATT'S FIELD DEVELOPMENT LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Investments in subsidiary companies
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The following was a subsidiary undertaking of the LLP:
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Oval Quarter Developments Limited
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One Langston Road, Loughton, Essex,IG10 3SD
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MYATT'S FIELD DEVELOPMENT LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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There is no ultimate controlling party.
The auditors' report on the financial statements for the year ended 31 July 2025 was unqualified.
The audit report was signed on 26 August 2026 by Laura Ambrose BA(Hons) FCA (Senior Statutory Auditor) on behalf of Haslers.
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