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REGISTERED NUMBER: OC350985 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

The Perella Partnership LLP

The Perella Partnership LLP (Registered number: OC350985)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Perella Partnership LLP

General Information
for the Year Ended 31 March 2022







DESIGNATED MEMBERS: C N Kemsley





REGISTERED OFFICE: Main Office, Station House
Station Road
Barnes
London
SW13 0HT





REGISTERED NUMBER: OC350985 (England and Wales)





ACCOUNTANTS: R A Leslie & Co. LLP
Chartered Accountants
Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG

The Perella Partnership LLP (Registered number: OC350985)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,074,026 3,074,026

CURRENT ASSETS
Cash at bank 72,052 75,498

CREDITORS
Amounts falling due within one year 5 89,818 90,684
NET CURRENT LIABILITIES (17,766 ) (15,186 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,056,260

3,058,840

CREDITORS
Amounts falling due after more than one
year

6

1,516,938

1,605,470
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,539,322

1,453,370

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

1,539,322

1,453,370

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 1,539,322 1,453,370

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.

The Perella Partnership LLP (Registered number: OC350985)

Balance Sheet - 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 31 May 2022 and were signed by:





C N Kemsley - Designated member

The Perella Partnership LLP (Registered number: OC350985)

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

1. STATUTORY INFORMATION

The Perella Partnership 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.

Turnover
Turnover represents rental income receivable.

Tangible fixed assets
No depreciation has been provided against the freehold/long leasehold property as it is considered that market value considerably exceeds cost.

Depreciation has been fully provided on furniture in previous years.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Freehold/long
leasehold
prop Furniture Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 3,074,026 34,619 3,108,645
DEPRECIATION
At 1 April 2021
and 31 March 2022 - 34,619 34,619
NET BOOK VALUE
At 31 March 2022 3,074,026 - 3,074,026
At 31 March 2021 3,074,026 - 3,074,026

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 85,000 85,000
Accrued expenses 4,818 5,684
89,818 90,684

The Perella Partnership LLP (Registered number: OC350985)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 1 - 5 years 425,000 425,000
Bank loans more 5 yr by instal 1,091,938 1,180,470
1,516,938 1,605,470

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,091,938 1,180,470

The bank loans are secured by first charge against the freehold/long leasehold property.

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.22 31.3.21
£    £   
Amounts owed to members in respect of profits 1,539,322 1,453,370

Falling due within one year 1,539,322 1,453,370

The amounts due to members rank after all amounts owed to creditors.