Red Tree (2004) LLP - Accounts to registrar (filleted) - small 18.2

Red Tree (2004) LLP - Accounts to registrar (filleted) - small 18.2

RED TREE (2004) LLP - Company Information

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IRIS Accounts Production v21.4.0.171 OC309849 designated member 1.4.20 31.3.21 31.3.21 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3098492020-03-31OC3098492021-03-31OC3098492020-04-012021-03-31OC3098492018-11-30OC3098492018-12-012020-03-31OC3098492020-03-31OC309849ns16:EnglandWales2020-04-012021-03-31OC309849ns15:PoundSterling2020-04-012021-03-31OC309849ns11:Director12020-04-012021-03-31OC309849ns11:LimitedLiabilityPartnershipLLP2020-04-012021-03-31OC309849ns11:SmallEntities2020-04-012021-03-31OC309849ns11:AuditExemptWithAccountantsReport2020-04-012021-03-31OC309849ns11:SmallCompaniesRegimeForAccounts2020-04-012021-03-31OC309849ns11:LimitedLiabilityPartnershipsSORP2020-04-012021-03-31OC309849ns11:FullAccounts2020-04-012021-03-31OC309849ns11:Director22020-04-012021-03-31OC309849ns11:RegisteredOffice2020-04-012021-03-31OC309849ns6:CurrentFinancialInstruments2021-03-31OC309849ns6:CurrentFinancialInstruments2020-03-31OC309849ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-03-31OC309849ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-31


REGISTERED NUMBER: OC309849 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2021

for

Red Tree (2004) LLP
Red Tree (2004) LLP (Registered number: OC309849)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 5

Red Tree (2004) LLP

General Information
for the Year Ended 31 March 2021







DESIGNATED MEMBERS: Mr J M Koe
Mr N Tubbs





REGISTERED OFFICE: 4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF





REGISTERED NUMBER: OC309849 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF
Page 1
Red Tree (2004) LLP (Registered number: OC309849)

Balance Sheet
31 March 2021

31.3.21 31.3.20
Notes £    £   
CURRENT ASSETS
Stocks 13,856,980 14,671,041
Debtors 4 7,372,000 6,583,409
Cash at bank and in hand 40,052 14,131
21,269,032 21,268,581
CREDITORS
Amounts falling due within one year 5 2,009 1,558
NET CURRENT ASSETS 21,267,023 21,267,023
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 21,267,023 21,267,023

LOANS AND OTHER DEBTS DUE TO MEMBERS - -

MEMBERS' OTHER INTERESTS
Capital accounts 21,267,023 21,267,023
21,267,023 21,267,023

TOTAL MEMBERS' INTERESTS
Members' other interests 21,267,023 21,267,023
Amounts due from members 4 (7,371,416 ) (6,583,385 )
13,895,607 14,683,638

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 31 March 2021.

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 2 continued...
Red Tree (2004) LLP (Registered number: OC309849)

Balance Sheet - continued
31 March 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 25 January 2022 and were signed by:





Mr J M Koe - Designated member

The notes form part of these financial statements

Page 3
Red Tree (2004) LLP (Registered number: OC309849)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

Red Tree (2004) 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.

Stocks
Work in progress is valued at the lower of costs and net realisable value and represents the direct costs attributable to the development of the new town of Sherford in Devon.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Other debtors 7,372,000 6,583,409

All that part of the freehold property known as 1 and 7 Haye Road, Plymouth registered at the Land Registry under Title Number DN240605 as is shown edged red on the plan attached to the Legal Charge.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Other creditors 2,009 1,558

6. SECURED DEBTS

There is a legal charge in place with Wales & West Utilities Ltd (OC3098490002) on the Partnership asset.

Page 4
Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Red Tree (2004) LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Red Tree (2004) LLP for the year ended 31 March 2021 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Red Tree (2004) LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Red Tree (2004) LLP and state those matters that we have agreed to state to the members of Red Tree (2004) LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Red Tree (2004) LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Red Tree (2004) LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Red Tree (2004) LLP. You consider that Red Tree (2004) LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Red Tree (2004) LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF


25 January 2022

This page does not form part of the statutory financial statements

Page 5