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REGISTERED NUMBER: SO306309 (Scotland)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Greenstar Kumo Real Estates LLP

Greenstar Kumo Real Estates LLP (Registered number: SO306309)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Greenstar Kumo Real Estates LLP

General Information
for the Year Ended 31 March 2022







DESIGNATED MEMBERS: R D P Moreno Viancha
Mrs M Rogers





REGISTERED OFFICE: 15 Millside Road
Peterculter
AB14 0WE





REGISTERED NUMBER: SO306309 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Greenstar Kumo Real Estates LLP (Registered number: SO306309)

Report of the Members
for the Year Ended 31 March 2022

The members present their report with the financial statements of the LLP for the year ended 31 March 2022.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of serviced apartments.

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

R D P Moreno Viancha
Mrs M Rogers

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £56,469 (2021 - £73,258 profit).

MEMBERS' INTERESTS
The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

ON BEHALF OF THE MEMBERS:





R D P Moreno Viancha - Designated member


28 July 2022

Greenstar Kumo Real Estates LLP (Registered number: SO306309)

Income Statement
for the Year Ended 31 March 2022

Period
1.2.20
Year Ended to
31.3.22 31.3.21
Notes £    £   

TURNOVER - -

Administrative expenses 94,435 78,120
(94,435 ) (78,120 )

Other operating income 176,859 186,495
OPERATING PROFIT 4 82,424 108,375


Interest payable and similar expenses 25,955 35,117
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


56,469


73,258

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


56,469


73,258

Members' remuneration charged as an
expense

5

(56,469

)

(73,258

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

Greenstar Kumo Real Estates LLP (Registered number: SO306309)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 650,694 644,306

CURRENT ASSETS
Debtors 7 18,714 39,245
Cash at bank and in hand 22,295 25,438
41,009 64,683
CREDITORS
Amounts falling due within one year 8 33,574 27,755
NET CURRENT ASSETS 7,435 36,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

658,129

681,234

CREDITORS
Amounts falling due after more than one year 9 448,565 459,460
NET ASSETS ATTRIBUTABLE TO
MEMBERS

209,564

221,774

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

209,564

221,774

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 209,564 221,774
Amounts due from members 7 (6,761 ) -
202,803 221,774

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 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.

Greenstar Kumo Real Estates LLP (Registered number: SO306309)

Balance Sheet - continued
31 March 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 28 July 2022 and were signed by:





R D P Moreno Viancha - Designated member

Greenstar Kumo Real Estates LLP (Registered number: SO306309)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Greenstar Kumo Real Estates LLP is registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Not provided
Plant and machinery etc - 20% on cost

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 year was NIL (2021 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.2.20
Year Ended to
31.3.22 31.3.21
£    £   
Depreciation - owned assets 3,047 3,048

5. INFORMATION IN RELATION TO MEMBERS
Period
1.2.20
Year Ended to
31.3.22 31.3.21
£    £   
Members' remuneration charged as an expense
Automatic division of profit 56,469 73,258

Greenstar Kumo Real Estates LLP (Registered number: SO306309)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2021 633,893 15,239 649,132
Additions 9,435 - 9,435
At 31 March 2022 643,328 15,239 658,567
DEPRECIATION
At 1 April 2021 - 4,826 4,826
Charge for year - 3,047 3,047
At 31 March 2022 - 7,873 7,873
NET BOOK VALUE
At 31 March 2022 643,328 7,366 650,694
At 31 March 2021 633,893 10,413 644,306

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 6,918 9,601
Other debtors 11,796 29,644
18,714 39,245

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 4,000 3,000
Taxation and social security 1,192 -
Other creditors 28,382 24,755
33,574 27,755

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 448,565 459,460

Greenstar Kumo Real Estates LLP (Registered number: SO306309)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.22 31.3.21
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 435,565 443,460

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£    £   
Bank loan 435,565 442,460

Redwood Bank Limited have security over the asses of the company by way of a fixed and floating charge.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, the amounts included in 'Loans and other debts due to members' will rank equally with unsecured creditors.