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REGISTERED NUMBER: OC318227 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Oriel House Property Investment LLP

Oriel House Property Investment LLP (Registered number: OC318227)

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


Oriel House Property Investment LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: A G Bruford
J R Sumner
Mrs W J McNulty





REGISTERED OFFICE: Oriel House
2 - 8 Oriel Road
Bootle
Merseyside
L20 7EP





REGISTERED NUMBER: OC318227 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Oriel House Property Investment LLP (Registered number: OC318227)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 625,000 625,000

CURRENT ASSETS
Debtors 5 668 348
Cash at bank 25,897 37,633
26,565 37,981
CREDITORS
Amounts falling due within one year 6 52,073 53,768
NET CURRENT LIABILITIES (25,508 ) (15,787 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,492

609,213

CREDITORS
Amounts falling due after more than one
year

7

339,416

362,515
NET ASSETS ATTRIBUTABLE TO
MEMBERS

260,076

246,698

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

135,231

121,853

MEMBERS' OTHER INTERESTS
Capital accounts 103,648 103,648
Revaluation reserve 10 21,197 21,197
260,076 246,698

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 135,231 121,853
Members' other interests 124,845 124,845
260,076 246,698

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.

Oriel House Property Investment LLP (Registered number: OC318227)

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 19 October 2023 and were signed by:





Mrs W J McNulty - Designated member

Oriel House Property Investment LLP (Registered number: OC318227)

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


1. STATUTORY INFORMATION

Oriel House Property Investment 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rents received

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 625,000
NET BOOK VALUE
At 31 March 2023 625,000
At 31 March 2022 625,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2014 (73,803 )
Valuation in 2016 (10,000 )
Valuation in 2018 105,000
Cost 603,803
625,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 603,803 603,803

Investment property was valued on an open market basis basis on 3 April 2018 by Keppie Massie .

Oriel House Property Investment LLP (Registered number: OC318227)

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 668 348

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 24,000 24,000
Trade creditors 3,950 2,149
Taxation and social security 6,463 6,633
Other creditors 17,660 20,986
52,073 53,768

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 339,416 362,515

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 219,416 242,515

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 363,416 386,515

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' would rank equally with other creditors who are unsecured.

There are no restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests'.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 21,197