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REGISTERED NUMBER: OC375287 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

SCRATTON PROPERTIES LLP

SCRATTON PROPERTIES LLP (REGISTERED NUMBER: OC375287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




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 2022







DESIGNATED MEMBERS: Mrs P L Baldwin
Miss E Baldwin
Chroma Vision Holdings Limited





REGISTERED OFFICE: John Baldwin House
Acorn Close
Five Oak Green
TONBRIDGE
Kent
TN12 6RH





REGISTERED NUMBER: OC375287 (England and Wales)





ACCOUNTANTS: Wells Associates
10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

SCRATTON PROPERTIES LLP (REGISTERED NUMBER: OC375287)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,712,651 2,739,488

CURRENT ASSETS
Debtors 5 5,735 5,475
Cash at bank 136,755 47,502
142,490 52,977
CREDITORS
Amounts falling due within one year 6 6,314 7,922
NET CURRENT ASSETS 136,176 45,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,848,827

2,784,543

CREDITORS
Amounts falling due after more than one
year

7

1,043,669

1,043,669
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,805,158

1,740,874

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

256,335

192,051

MEMBERS' OTHER INTERESTS
Capital accounts 1,295,275 1,295,275
Revaluation reserve 10 253,548 253,548
1,805,158 1,740,874

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 256,335 192,051
Members' other interests 1,548,823 1,548,823
1,805,158 1,740,874

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.

SCRATTON PROPERTIES LLP (REGISTERED NUMBER: OC375287)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022


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 3 May 2022 and were signed by:





Mrs P L Baldwin - Designated member

SCRATTON PROPERTIES LLP (REGISTERED NUMBER: OC375287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

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
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 represents invoiced rental income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2021 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2021 2,712,532 44,235 - 2,756,767
Additions - - 179 179
Disposals - (44,235 ) - (44,235 )
At 31 March 2022 2,712,532 - 179 2,712,711
DEPRECIATION
At 1 April 2021 - 17,279 - 17,279
Charge for year - - 60 60
Eliminated on disposal - (17,279 ) - (17,279 )
At 31 March 2022 - - 60 60
NET BOOK VALUE
At 31 March 2022 2,712,532 - 119 2,712,651
At 31 March 2021 2,712,532 26,956 - 2,739,488

Freehold properties were revalued on 31 March 2018 by surveyors.

SCRATTON PROPERTIES LLP (REGISTERED NUMBER: OC375287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 5,735 5,475

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 1,608
Other creditors 6,314 6,314
6,314 7,922

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 1,043,669 1,043,669

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,043,669 1,043,669

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 1,043,669 1,043,669

9. 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.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2021
and 31 March 2022 253,548

11. RELATED PARTY DISCLOSURES

During the year under review, the LLP was controlled by its designated members.