Whitemark Group LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC423275 (England and Wales)

Financial Statements

for the Period 1 April 2021 to 28 March 2022

for

Whitemark Group LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs J R Joyner

Mr N Joyner

Mr R J Joyner

Whitemark Estates Limited

REGISTERED OFFICE:

Yoden House

30 Yoden Way

Peterlee

Co. Durham

SR8 1AL

REGISTERED NUMBER:

OC423275 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Yoden House

30 Yoden Way

Peterlee

Co. Durham

SR8 1AL

FIXED ASSETS

Tangible assets

4

12,844,057

12,819,057

CURRENT ASSETS

Debtors

5

227,130

223,953

CREDITORS

Amounts falling due within one year

6

(8,249

)

(8,289

)

NET CURRENT ASSETS

218,881

215,664

TOTAL ASSETS LESS CURRENT LIABILITIES

13,062,938

13,034,721

CREDITORS

Amounts falling due after more than one year

7

(7,269,179

)

(7,276,072

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

5,793,759

5,758,649

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

5,793,759

5,758,649

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

5,793,759

5,758,649

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 period ended 28 March 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 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 28 March 2023 and were signed by:

Mr N Joyner - Designated member

1.	STATUTORY INFORMATION

Whitemark Group 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 as modified by the revaluation of certain assets.

TURNOVER

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

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

in accordance with the property

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 April 2021

12,819,057

Revaluations

25,000

At 28 March 2022

12,844,057

NET BOOK VALUE

At 28 March 2022

12,844,057

At 31 March 2021

12,819,057

The members see no benefit in revaluing the assets.

Cost or valuation at 28 March 2022 is represented by:

Freehold

property

£

Valuation in 2022

25,000

Cost

12,819,057

12,844,057

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

227,130

223,953

The amount in other debtors of £227,130 is due from Whitemark Developments Ltd of which the member is a director. The loan is interest free and fully repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other creditors

4,649

4,650

Accrued expenses

3,600

3,639

8,249

8,289

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Mortgages

7,269,179

7,276,072

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Mortgages

7,269,179

7,276,072

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.