Residential Development Projects LLP - LLP accounts 22.3

Residential Development Projects LLP - LLP accounts 22.3

RESIDENTIAL DEVELOPMENT PROJECTS LLP - Company Information

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IRIS Accounts Production v22.3.0.621 OC401694 designated member 1.3.21 28.2.22 28.2.22 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC4016942021-02-28OC4016942022-02-28OC4016942021-03-012022-02-28OC4016942020-02-28OC4016942020-02-292021-02-28OC4016942021-02-28OC401694ns16:EnglandWales2021-03-012022-02-28OC401694ns15:PoundSterling2021-03-012022-02-28OC401694ns11:Director12021-03-012022-02-28OC401694ns11:LimitedLiabilityPartnershipLLP2021-03-012022-02-28OC401694ns11:SmallEntities2021-03-012022-02-28OC401694ns11:AuditExemptWithAccountantsReport2021-03-012022-02-28OC401694ns11:SmallCompaniesRegimeForAccounts2021-03-012022-02-28OC401694ns11:LimitedLiabilityPartnershipsSORP2021-03-012022-02-28OC401694ns11:FullAccounts2021-03-012022-02-28OC401694ns11:RegisteredOffice2021-03-012022-02-28OC401694ns6:CurrentFinancialInstruments2022-02-28OC401694ns6:CurrentFinancialInstruments2021-02-28OC401694ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28OC401694ns6:WithinOneYearns6:CurrentFinancialInstruments2021-02-28
REGISTERED NUMBER: OC401694 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 28 February 2022

for

Residential Development Projects LLP
Residential Development Projects LLP (Registered number: OC401694)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Residential Development Projects LLP

General Information
for the Year Ended 28 February 2022







DESIGNATED MEMBERS: D R Minns
G E Bailey





REGISTERED OFFICE: Bramber
Egg Pie Lane
Hildenborough
Tonbridge
Kent
TN11 8PE





REGISTERED NUMBER: OC401694 (England and Wales)





ACCOUNTANTS: Amherst Accountancy
Room 2
1st Floor
7 Bligh's Walk
Sevenoaks
Kent
TN13 1DB
Page 1
Residential Development Projects LLP (Registered number: OC401694)

Report of the Members
for the Year Ended 28 February 2022

The members present their report with the financial statements of the LLP for the year ended 28 February 2022.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of Professional fees for construction industry.

DESIGNATED MEMBERS
The designated members during the year under review were:

D R Minns
G E Bailey

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £3,063 (2021 - £286 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





D R Minns - Designated member


29 November 2022

Page 2
Residential Development Projects LLP (Registered number: OC401694)

Income Statement
for the Year Ended 28 February 2022

28.2.22 28.2.21
£    £   

TURNOVER 86,000 133,156

Cost of sales 84,674 124,411
GROSS PROFIT 1,326 8,745

Administrative expenses 4,389 8,459
OPERATING (LOSS)/PROFIT and
(LOSS)/PROFIT FOR THE
FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




(3,063




)




286

The notes form part of these financial statements

Page 3
Residential Development Projects LLP (Registered number: OC401694)

Balance Sheet
28 February 2022

28.2.22 28.2.21
Notes £    £   
CURRENT ASSETS
Debtors 4 175,033 152,853
Cash at bank 77 11,307
175,110 164,160
CREDITORS
Amounts falling due within one year 5 46,995 34,973
NET CURRENT ASSETS 128,115 129,187
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
128,115
129,187

LOANS AND OTHER DEBTS DUE TO
MEMBERS
6
128,115
129,187

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members
6
128,115
129,187
Amounts due from members 4 (99,282 ) (89,750 )
28,833 39,437

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 28 February 2022.

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 notes form part of these financial statements

Page 4 continued...
Residential Development Projects LLP (Registered number: OC401694)

Balance Sheet - continued
28 February 2022


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 29 November 2022 and were signed by:





D R Minns - Designated member

The notes form part of these financial statements

Page 5
Residential Development Projects LLP (Registered number: OC401694)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

Residential Development Projects LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Amounts owed by group undertakings 69,751 63,103
Other debtors 105,282 89,750
175,033 152,853

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade creditors 15,896 11,555
Amounts owed to group undertakings - 5,316
Taxation and social security 29,599 16,602
Other creditors 1,500 1,500
46,995 34,973

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Any monies owing to creditors will be payable before any amounts are repaid to the members of the LLP. As at 28.02.2022 D Minns owed the LLP £97,750 and G Bailey was owed by the LLP £129,646.

Page 6