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REGISTERED NUMBER: OC342995 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Moss Bank Properties LLP

Moss Bank Properties LLP (Registered number: OC342995)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moss Bank Properties LLP

General Information
for the Year Ended 31 January 2023







DESIGNATED MEMBERS: R G Webb
Mrs I M Webb





REGISTERED OFFICE: Moss Bank Farm
Seven Sisters Lane
Toft
Knutsford
Cheshire
WA16 8TJ





REGISTERED NUMBER: OC342995 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
Level 7, Tower 12,
18-22 Bridge Street,
Spinningfields,
Manchester
M3 3BZ

Moss Bank Properties LLP (Registered number: OC342995)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,540,720 2,305,277

CURRENT ASSETS
Debtors 5 19,627 544
Cash at bank 7,869 4,332
27,496 4,876
CREDITORS
Amounts falling due within one year 6 36,530 51,750
NET CURRENT LIABILITIES (9,034 ) (46,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,531,686

2,258,403

CREDITORS
Amounts falling due after more than one
year

7

735,580

1,354,761
NET ASSETS ATTRIBUTABLE TO
MEMBERS

796,106

903,642

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

796,106

903,642

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 796,106 903,642

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 January 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.

Moss Bank Properties LLP (Registered number: OC342995)

Balance Sheet - continued
31 January 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 23 October 2023 and were signed by:





Mrs I M Webb - Designated member

Moss Bank Properties LLP (Registered number: OC342995)

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

1. STATUTORY INFORMATION

Moss Bank Properties 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 rental income receivable. Turnover is matched to the period to which the rental period relates with amounts invoiced in advance being recognised as deferred income where appropriate.

Investment property
Investment properties are revalued annually at their open market value. Any aggregate surplus or deficit arising from changes in market value are transferred to a revaluation reserve except where the deficit reduces the property below its historic cost, in which case it is recognised in the profit and loss account.

No depreciation is provided on investment properties which is a departure from the requirements of the Companies act 2006. In the opinion of the members the properties are held primarily for their investment potential, as represented by market value, and to depreciate them would not give a true and fair view.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 2,305,277
Disposals (764,557 )
At 31 January 2023 1,540,720
NET BOOK VALUE
At 31 January 2023 1,540,720
At 31 January 2022 2,305,277

Fair value at 31 January 2023 is represented by:
£   
Cost 1,540,720

Moss Bank Properties LLP (Registered number: OC342995)

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

4. INVESTMENT PROPERTY - continued

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

31.1.23 31.1.22
£    £   
Cost 1,540,720 2,305,277

Investment property was valued on an open market basis on 31 January 2021 by the members .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors - 544
Other debtors 19,627 -
19,627 544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 5,980 49,000
Other creditors 12,394 950
Accrued expenses 18,156 1,800
36,530 51,750

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - more than 1 year 735,580 1,354,761

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 741,560 1,403,761

The bank loans are secured against the property asset to which they relate.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.1.23 31.1.22
£    £   
Amounts owed to members in respect of profits 796,106 903,642

Falling due within one year 796,106 903,642

Members only take drawings where cash is available and other creditors are not adversely affected.

Moss Bank Properties LLP (Registered number: OC342995)

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

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs I M Webb.