Lynwood Drive LLP - Filleted accounts

Registered number

OC354263

Lynwood Drive LLP

Filleted Accounts

31 March 2026

Lynwood Drive LLP
Registered number:		OC354263
Balance Sheet
as at 31 March 2026
Notes		2026		2025
£			£
Fixed assets
Tangible assets	3	195,130		195,130
Current assets
Cash at bank and in hand		27,881		24,909


Net current assets		27,881		24,909

Total assets less current liabilities		223,011		220,039



Net assets attributable to members		223,011		220,039

Represented by:
Loans and other debts due to members	4	223,011		203,366

Members' other interests
Other reserves		-		16,673

		223,011		220,039

Total members' interests
Loans and other debts due to members	4	223,011		203,366
Members' other interests		-		16,673

		223,011		220,039

For the year ended 31 March 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 28 September 2026 and signed on their behalf by:


A G Thorne
Designated member

Lynwood Drive LLP
Notes to the Accounts
for the year ended 31 March 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.

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	is not depreciated
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	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
					Land and buildings
£
	Cost
	At 1 April 2025				195,130
	At 31 March 2026				195,130

	Depreciation
	At 31 March 2026				-

	Net book value
	At 31 March 2026				195,130
	At 31 March 2025				195,130


4	Loans and other debts due to members		2026		2025
£				£

	Loans from members		205,958		205,958
	Amounts due to members in respect of profits		17,053		(2,592)
			223,011		203,366

	Amounts falling due within one year		223,011		203,366

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


5	Other information

	Lynwood Drive LLP is a limited liability partnership incorporated in England. Its registered office is:
	43 Mornington Road
	Chingford
	London
	E4 7DT