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REGISTERED NUMBER: OC423639 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

LHBH NO1 LLP

LHBH NO1 LLP (REGISTERED NUMBER: OC423639)






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




Page

General Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


LHBH NO1 LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DESIGNATED MEMBERS: BH No1 LLP
Lewis Hampton Limited





REGISTERED OFFICE: 123 Wellington Road South
Stockport
Cheshire
SK1 3TH





REGISTERED NUMBER: OC423639 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

LHBH NO1 LLP (REGISTERED NUMBER: OC423639)

BALANCE SHEET
31 OCTOBER 2022

31/10/22 31/10/21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,300,000 2,300,000

CURRENT ASSETS
Debtors 5 13,139 33,796
Cash at bank 13,111 6,812
26,250 40,608
CREDITORS
Amounts falling due within one year 6 163,436 165,317
NET CURRENT LIABILITIES (137,186 ) (124,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,162,814

2,175,291

CREDITORS
Amounts falling due after more than one
year

7

885,198

905,885
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,277,616

1,269,406

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,145,644

1,125,164

MEMBERS' OTHER INTERESTS
Other reserves 131,972 144,242
1,277,616 1,269,406

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,145,644 1,125,164
Members' other interests 131,972 144,242
1,277,616 1,269,406

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 October 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.

LHBH NO1 LLP (REGISTERED NUMBER: OC423639)

BALANCE SHEET - continued
31 OCTOBER 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 20 September 2023 and were signed by:





Lewis Hampton Limited - Designated member

LHBH NO1 LLP (REGISTERED NUMBER: OC423639)

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

1. STATUTORY INFORMATION

LHBH NO1 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable from tenants. Revenue is reduced for estimated tenant refunds, rebates and other similar allowances.

Revenue from the provision of lettings is recognised to the extent that tenants has consumed the benefit of the entity's services, being the letting of property. The extent to which the tenant has consumed the benefit of the entity's services is calculated with reference to the tenancy period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation on all the LLP's profits is the responsibility of the corporate members and is not dealt with in these financial statements.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2021
and 31 October 2022 2,300,000
NET BOOK VALUE
At 31 October 2022 2,300,000
At 31 October 2021 2,300,000

Fair value at 31 October 2022 is represented by:
£   
Valuation in 2021 409,649
Cost 1,890,351
2,300,000

LHBH NO1 LLP (REGISTERED NUMBER: OC423639)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/22 31/10/21
£    £   
Trade debtors - 9,576
Other debtors 13,139 24,220
13,139 33,796

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/22 31/10/21
£    £   
Bank loans and overdrafts 139,503 139,603
Trade creditors 19,303 18,104
Other creditors 4,630 7,610
163,436 165,317

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/22 31/10/21
£    £   
Bank loans 885,198 905,885

8. SECURED DEBTS

The following secured debts are included within creditors:

31/10/22 31/10/21
£    £   
Bank loans 983,223 995,488

In the event of a winding up, any amounts owing to the LLP's lenders are secured by fixed and floating charges on the assets of the LLP.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Capital loans and other debts due to members rank equally with unsecured creditors, in accordance with the LLP agreement.