REGISTERED NUMBER: |
CHELTENHAM POINT LLP |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 17 DECEMBER 2021 TO 31 MARCH 2023 |
REGISTERED NUMBER: |
CHELTENHAM POINT LLP |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 17 DECEMBER 2021 TO 31 MARCH 2023 |
CHELTENHAM POINT LLP (REGISTERED NUMBER: OC440388) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 17 December 2021 to 31 March 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CHELTENHAM POINT LLP |
GENERAL INFORMATION |
for the period 17 December 2021 to 31 March 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Station House |
Connaught Road |
Brookwood |
Woking |
Surrey |
GU24 0ER |
CHELTENHAM POINT LLP (REGISTERED NUMBER: OC440388) |
BALANCE SHEET |
31 March 2023 |
Notes | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,049,425 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
1,049,425 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 1,049,425 |
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. |
CHELTENHAM POINT LLP (REGISTERED NUMBER: OC440388) |
BALANCE SHEET - continued |
31 March 2023 |
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 |
CHELTENHAM POINT LLP (REGISTERED NUMBER: OC440388) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 17 December 2021 to 31 March 2023 |
1. | STATUTORY INFORMATION |
Cheltenham Point LLP is a Limited Liability Partnership registered in England. Details of the registered office and company number can be found on Page 1. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover comprises the proceeds from sale of properties sold in the year, plus rental income receivable up to the end of the accounting period. |
Stocks |
Stocks comprise freehold property purchased plus the cost of improvements, and are valued at the lower of cost and net realisable value. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts (see note 7) |
Trade creditors |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans (see note 7) |
7. | LOANS |
The bank loans are from Lloyds Bank Plc and comprise an interest-only loan of £682,000, repayable in May 2027; and a repayment loan of £48,000, repayable in instalments over five years to May 2027. The loans carry interest at 3.05% above base rate and are secured on the property. |
CHELTENHAM POINT LLP (REGISTERED NUMBER: OC440388) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 17 December 2021 to 31 March 2023 |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
£ |
Loans from members | 669,115 |
Amounts owed to members in respect of profits | 380,310 |
1,049,425 |
Falling due within one year | 1,049,425 |
Loans from members carry an entitlement to a priority profit-share equivalent to 8.5% above base rate p.a.on the loan, to be allocated on completion of the project. In the event of a winding-up, unsecured debts due to members will rank equally with debts due to other unsecured creditors. |