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REGISTERED NUMBER: OC440388 (England and Wales)












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: Caruso Partners Limited
Finsbury Securities Limited
S R V Holdings Limited
Summercroft Limited





REGISTERED OFFICE: 14 Pavilion Apartments
St. Johns Wood Road
London
NW8 7HB





REGISTERED NUMBER: OC440388 (England and Wales)





ACCOUNTANTS: HPCA Limited
Station House
Connaught Road
Brookwood
Woking
Surrey
GU24 0ER

CHELTENHAM POINT LLP (REGISTERED NUMBER: OC440388)

BALANCE SHEET
31 March 2023

Notes £   
CURRENT ASSETS
Stocks 730,880
Debtors 4 1,538,123
Cash at bank 6,868
2,275,871
CREDITORS
Amounts falling due within one year 5 (513,546 )
NET CURRENT ASSETS 1,762,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,762,325

CREDITORS
Amounts falling due after more than one
year

6

(712,900

)
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 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 period ended 31 March 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.

CHELTENHAM POINT LLP (REGISTERED NUMBER: OC440388)

BALANCE SHEET - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16 October 2023 and were signed by:





Caruso Partners Limited - Designated member

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
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 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 1,537,000
Other debtors 1,123
1,538,123

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts (see note 7) 9,600
Trade creditors 500,800
Other creditors 3,146
513,546

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans (see note 7) 712,900

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.