Legacy Hill LLP - Accounts

Legacy Hill LLP - Accounts

LEGACY HILL LLP - Company Information

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Registered Number: OC435781
England and Wales

 

 

 

LEGACY HILL LLP


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

Legacy Hill LLP
Contents Page
For the year ended 31 March 2023
Chartered Accountant's report to the Members on the preparation of the unaudited statutory accounts of Legacy Hill LLP for the year ended 31 March 2023


As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................
Wood & Disney Limited
Lodge Park,Lodge Lane
Langham
Colchester
Essex
CO4 5NE
24 July 2023
1
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 2,145,000    2,145,000 
2,145,000    2,145,000 
Current assets      
Debtors 0    5,560 
Cash at bank and in hand 46,044    19,877 
46,044    25,437 
Creditors: amount falling due within one year (3,079)   (1,112)
Net current assets 42,965    24,325 
 
Total assets less current liabilities 2,187,965    2,169,325 
Creditors: amount falling due after more than one year (588,282)   (606,224)
Net assets 1,599,683    1,563,101 
 

Represented by:
Loans and other debts due to members 4 78,577    41,995 
Members
Reserves 1,521,106    1,521,106 
Other reserves 0    0 
1,521,106    1,521,106 

1,599,683    1,563,101 
 

Total members
Loans and other debts due to members 78,577    41,995 
Members 1,521,106    1,521,106 
1,599,683    1,563,101 
 


For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................
Mr T R G C Hillier
Designated Member
Date approved by the members: 24 July 2023
2
General Information
Legacy Hill LLP is a limited liability partnership, registered in England and Wales, registration number OC435781, registration address Little Howe, Howe Drive, Hedingham Road, Halstead, Essex, CO9 2QL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 April 2022 -    - 
Additions 2,145,000    2,145,000 
Disposals -    - 
At 31 March 2023 2,145,000    2,145,000 
Depreciation
At 01 April 2022 -    - 
Charge for year -    - 
On disposals -    - 
At 31 March 2023 -    - 
Net book values
Closing balance as at 31 March 2023 2,145,000    2,145,000 
Opening balance as at 01 April 2022 2,145,000    2,145,000 


4.

Members' Interests

Other reserves  
Profit for the period available for discretionary division among members 0   
Members' interests after profit for the period 0   
Balance at 31 March 2023 0   
 



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