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REGISTERED NUMBER: OC432415 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Archer Properties (Scarborough) LLP

Archer Properties (Scarborough) LLP (Registered number: OC432415)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Archer Properties (Scarborough) LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Mr K Archer
Mr P H G Archer
KV Property Services Ltd





REGISTERED OFFICE: Belgrave House
15 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB





REGISTERED NUMBER: OC432415 (England and Wales)





ACCOUNTANTS: Walker & Co
Chartered Accountants
Belgrave House
15 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Archer Properties (Scarborough) LLP (Registered number: OC432415)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 673,148 662,082

CURRENT ASSETS
Debtors 5 1,508 1,507
Cash at bank 44,847 15,779
46,355 17,286
CREDITORS
Amounts falling due within one year 6 21,634 24,282
NET CURRENT ASSETS/(LIABILITIES) 24,721 (6,996 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

697,869

655,086

CREDITORS
Amounts falling due after more than one
year

7

-

3,172
NET ASSETS ATTRIBUTABLE TO
MEMBERS

697,869

651,914

LOANS AND OTHER DEBTS DUE
TO MEMBERS

9

697,869

651,914

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 697,869 651,914

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 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.

Archer Properties (Scarborough) LLP (Registered number: OC432415)

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 2 August 2023 and were signed by:





Mr K Archer - Designated member

Archer Properties (Scarborough) LLP (Registered number: OC432415)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Archer Properties (Scarborough) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST
At 1 April 2022 660,230 2,470 662,700
Additions - 30,504 30,504
Disposals - (15,750 ) (15,750 )
At 31 March 2023 660,230 17,224 677,454
DEPRECIATION
At 1 April 2022 - 618 618
Charge for year - 7,626 7,626
Eliminated on disposal - (3,938 ) (3,938 )
At 31 March 2023 - 4,306 4,306
NET BOOK VALUE
At 31 March 2023 660,230 12,918 673,148
At 31 March 2022 660,230 1,852 662,082

Included in cost of land and buildings is freehold land of £ 660,230 (2022 - £ 660,230 ) which is not depreciated.

Archer Properties (Scarborough) LLP (Registered number: OC432415)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,508 1,507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Deposits in hand 1,446 5,330
Accrued expenses 20,188 18,952
21,634 24,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Other loans (see note 8) - 3,172

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between one and two years:
Lloyds (Albemarle) - 3,172

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of members other interests.