for the Period Ended 31 December 2022
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2022
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022
The director shown below has held office during the period of
1 January 2022 to 21 October 2022
The director shown below has held office during the period of
1 January 2022 to 30 June 2022
The directors shown below have held office during the period of
21 October 2022 to 31 December 2022
Secretary
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2022 | 2021 | |
---|---|---|
| £ | £ |
Turnover: | ( | |
Cost of sales: | ( | ( |
Gross profit(or loss): | ( | |
Distribution costs: | | |
Administrative expenses: | | |
Other operating income: | | |
Operating profit(or loss): | ( | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | |
Profit(or loss) before tax: | ( | |
Tax: | | ( |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Called up share capital not paid: | | | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | | | |
Investments: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | | | |
Provision for liabilities: | ( | ( | |
Accruals and deferred income: | | | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Share premium account: | | | |
Other reserves: | | | |
Profit and loss account: | | | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2022
Basis of measurement and preparation
Valuation information and policy
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 December 2022
The investment represents a 0.10% (2021: 0.10%) share of the partners' capital and reserves in a limitedpartnership registered in England and Wales with the Limited Partnership Acts 1907, whose audited net assetvalue as at 31 December 2022 was £253,571,552 (2021: £290,946,914). The Limited Partnership invests ininvestment properties. The Limited Partnership registered office is C/o TMF Group, 8th Floor, 20 FarringdonStreet, London, EC4A 4AB. Copies of the financial statements are available in the registered office upon request.During the year ended 31 December 2022 the Limited Partnership generated net rental income of £15,150,620(2021: £14,452,786). Loss before taxation amounted to £22,254,400 (2021: gain of £47,499,852), after chargingadministration expenses of £208,444 (2021: £204,425).The investment represents 100% of the share capital of Tesco Jade (Nominee) Limited, a Company incorporatedin England and Wales, whose registered office is C/o TMF Group, 8th Floor, 20 Farringdon Street, London,EC4A 4AB. Formerly, the Registered Office of the Partnership was 20 Churchill Place, Canary Wharf, London,E14 5HJ up to 30 June 2022. Copies of the financial statements are available in the registered office upon request. Net loss on revaluation on investment properties of £37,198,508 (2021: gain of £33,251,491) was recognised.As at 31 December 2022 the investment properties held by the Limited Partnership at fair value were carried at£256,076,137 (2021: £293,274,645) in the audited financial statements. The properties were valued at£256,900,000 at 31 December 2022 (2021: £294,150,000) by Colliers International UK LLP, CharteredSurveyors, a member of the Royal Institution of Chartered Surveyors. The valuation was carried out in accordancewith the Appraisal and Valuation Manual of the Royal Institution of Chartered Surveyors (''RICS''). The differencebetween the Colliers valuation and the carrying value in the Limited Partnership financial statements is due tounamortised lease incentives as at 31 December 2022 and 31 December 2021.
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
Debtors due after more than one year: | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |