Nova East Cliff 59 LLP - Period Ending 2026-03-31

Registration number: OC411925

Nova East Cliff 59 LLP

Annual Report and Unaudited Financial Statements - Companies House Filing

for the Year Ended 31 March 2026

Nova East Cliff 59 LLP

(Registration number: OC411925)
Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	4	342,533	388,599
Current assets
Debtors	5	186,466	127,572
Cash and short-term deposits		51,928	54,630
		238,394	182,202
Creditors: Amounts falling due within one year	6	(89,089)	(78,963)
Net current assets		149,305	103,239
Net assets attributable to members		491,838	491,838
Represented by:
Members’ other interests
Members' capital classified as equity		491,838	491,838
		491,838	491,838
Total members' interests
Amounts due from members		(163,326)	(102,801)
Equity		491,838	491,838
		328,512	389,037

For the year ending 31 March 2026 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Nova East Cliff 59 LLP (registered number OC411925) were approved by the Board and authorised for issue on 24 September 2026. They were signed on behalf of the limited liability partnership by:

Nova East Cliff 59 LLP

(Registration number: OC411925)
Statement of Financial Position as at 31 March 2026

.........................................
T G Lewis
Designated member

Nova East Cliff 59 LLP

Notes to the Financial Statements for the Year Ended 31 March 2026

1	General information

Nova East Cliff 59 LLP (LLP number: OC411925) is a limited liability partnership incorporated in England and Wales. Its registered office is 41 Commercial Road, Poole, Dorset, BH14 0HU.

The financial statements have been prepared under the historical cost convention in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006 and in accordance with the Statement of Recommended Practice ‘Accounting for Limited Liability Partnerships’ issued in December 2018.

The presentation currency of the financial statements is the Pounds Sterling (£).

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

2	Accounting policies

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements.

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined by external valuers. The valuers use observable market prices, adjusted if necessary far any difference in nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Financial instruments

The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Nova East Cliff 59 LLP

Notes to the Financial Statements for the Year Ended 31 March 2026

3	Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2025 - 0).

4	Investment property

	2026 £
At 1 April 2025	388,599
Fair value adjustments	(46,066)
At 31 March 2026	342,533

The investment property was revalued by the designated members at the balance sheet date at its market value within the benefit of the existing lease. According to the designated members the market value of the property has decreased. The historic cost of the property was £490,884

Debtors

	2026 £	2025 £
Other debtors	163,326	102,801
Prepayments and accrued income	23,140	24,771
	186,466	127,572

6	Creditors: Amounts falling due within one year

	2026 £	2025 £
Trade creditors	24,624	24,966
Other creditors	19,236	31,286
Accruals and deferred income	45,229	22,711
	89,089	78,963

7	Analysis of other amounts

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding-up. There is no provision for specific legally enforceable protection afford to creditors in such of an event. There are no restrictions or limitations on the ability of the members to reduce the amount of "Members other interests".