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REGISTERED NUMBER: OC316121 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

FOR

SLEPE PROPERTIES LLP

SLEPE PROPERTIES LLP (REGISTERED NUMBER: OC316121)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

SLEPE PROPERTIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DESIGNATED MEMBERS: Mr N Roe
Mrs S Roe
Mrs R Roe-Smith
Miss A Roe





REGISTERED OFFICE: 19 Goldington Road
Bedford
MK40 3JY





REGISTERED NUMBER: OC316121 (England and Wales)





ACCOUNTANTS: Monico Tunley Limited
Chartered Accountants
19 Goldington Road
Bedford
MK40 3JY

SLEPE PROPERTIES LLP (REGISTERED NUMBER: OC316121)

BALANCE SHEET
5 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 30,000 30,000
Investment property 5 1,009,301 1,009,301
1,039,301 1,039,301

CURRENT ASSETS
Cash at bank 18,433 18,211

CREDITORS
Amounts falling due within one year 6 3,840 2,040
NET CURRENT ASSETS 14,593 16,171
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,053,894

1,055,472

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

952,848

954,426

MEMBERS' OTHER INTERESTS
Revaluation reserve 8 101,046 101,046
1,053,894 1,055,472

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 952,848 954,426
Members' other interests 101,046 101,046
1,053,894 1,055,472

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 5 April 2023.

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.

SLEPE PROPERTIES LLP (REGISTERED NUMBER: OC316121)

BALANCE SHEET - continued
5 APRIL 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 9 October 2023 and were signed by:




Mrs R Roe-Smith - Designated member




Miss A Roe - Designated member


SLEPE PROPERTIES LLP (REGISTERED NUMBER: OC316121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

Slepe 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises revenue recognised by the LLP in respect of goods and services supplied, exclusive of VAT and trade discounts.

Investment property
Investment property is carried at fair value determined annually by the members. No depreciation is provided and changes in fair value are recognised in the Statement of Comprehensive Income.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Members' remuneration
A member's share in the profit or loss for the period is accounted for as an allocation of profits. Unallocated profits and losses and included within other reserves.

Tax provision
The tax payable on the profits of the LLP is the personal liability of the individual members. No provision is therefore made in the LLP accounts for tax to be paid.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 6 April 2022
and 5 April 2023 30,000
NET BOOK VALUE
At 5 April 2023 30,000
At 5 April 2022 30,000

SLEPE PROPERTIES LLP (REGISTERED NUMBER: OC316121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022
and 5 April 2023 1,009,301
NET BOOK VALUE
At 5 April 2023 1,009,301
At 5 April 2022 1,009,301

Fair value at 5 April 2023 is represented by:
£   
Valuation in 2008 101,046
Cost 908,255
1,009,301

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 3,840 2,040

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up. Interest on loans from members is payable on demand. Interest of £nil has been charged in the year (2022: £nil).

8. RESERVES
Revaluation
reserve
£   
At 6 April 2022
and 5 April 2023 101,046

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SLEPE PROPERTIES LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Slepe Properties LLP for the year ended 5 April 2023 which comprise the Profit and Loss Account, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Slepe Properties LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Slepe Properties LLP and state those matters that we have agreed to state to the members of Slepe Properties LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Slepe Properties LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Slepe Properties LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Slepe Properties LLP. You consider that Slepe Properties LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Slepe Properties LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Monico Tunley Limited
Chartered Accountants
19 Goldington Road
Bedford
MK40 3JY


9 October 2023