REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
SCRATTON PROPERTIES LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
SCRATTON PROPERTIES LLP |
SCRATTON PROPERTIES LLP (REGISTERED NUMBER: OC375287) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
SCRATTON PROPERTIES LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
10 Lonsdale Gardens |
Tunbridge Wells |
Kent |
TN1 1NU |
SCRATTON PROPERTIES LLP (REGISTERED NUMBER: OC375287) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 1,154,916 | 958,259 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
901,368 |
704,711 |
MEMBERS' OTHER INTERESTS |
Revaluation reserve | 9 |
1,154,916 | 958,259 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 901,368 | 704,711 |
Members' other interests | 253,548 | 253,548 |
1,154,916 | 958,259 |
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. |
SCRATTON PROPERTIES LLP (REGISTERED NUMBER: OC375287) |
STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2018 |
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 on |
SCRATTON PROPERTIES LLP (REGISTERED NUMBER: OC375287) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
1. | STATUTORY INFORMATION |
Scratton Properties 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 |
Turnover |
Turnover represents invoiced rental income. |
Tangible fixed assets |
Motor vehicles | - |
In accordance with SSAP 19 no depreciation is provided in respect of the freehold property. This departure from the |
Companies Act 2006 is in the opinion of the members necessary for the financial statements to give a true and fair |
view in accordance with applicable accounting standards, as the property is included in the financial statements at |
its open market value. |
The effect of depreciation on value is already reflected annually in the valuation of property, and the amount |
attributed to this factor by the valuers cannot reasonably be separately identified or quantified. Had the provisions of |
the Act been followed, net assets would not have been affected but revenue profits would have been reduced for this |
and earlier years. |
3. | TANGIBLE FIXED ASSETS |
Freehold | Motor |
property | vehicles | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 April 2017 |
Disposals | ( |
) | ( |
) |
Revaluations |
At 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
Freehold properties were revalued on 31 March 2018 by surveyors. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
SCRATTON PROPERTIES LLP (REGISTERED NUMBER: OC375287) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2018 | 2017 |
£ | £ |
Bank loans |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank |
pari passu with unsecured creditors. |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2017 |
and 31 March 2018 |
10. | RELATED PARTY DISCLOSURES |
During the year under review, the LLP was controlled by its designated members. |