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REGISTERED NUMBER: OC440794 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 JANUARY 2022 TO 31 MARCH 2023

FOR

SPLJ KNIGHT PROPERTIES LLP

SPLJ KNIGHT PROPERTIES LLP (REGISTERED NUMBER: OC440794)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 JANUARY 2022 TO 31 MARCH 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPLJ KNIGHT PROPERTIES LLP

GENERAL INFORMATION
FOR THE PERIOD 26 JANUARY 2022 TO 31 MARCH 2023







DESIGNATED MEMBERS: S Knight
Mrs P Knight
S P L J Properties Ltd





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: OC440794 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

SPLJ KNIGHT PROPERTIES LLP (REGISTERED NUMBER: OC440794)

BALANCE SHEET
31 MARCH 2023

Notes £   
FIXED ASSETS
Tangible assets 4 47,318
Investment property 5 16,495,500
16,542,818

CURRENT ASSETS
Cash at bank 89,500

CREDITORS
Amounts falling due within one year 6 (103,708 )
NET CURRENT LIABILITIES (14,208 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,528,610

CREDITORS
Amounts falling due after more than one
year

7

(51,070

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

16,477,540

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

16,477,540

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 16,477,540

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.

SPLJ KNIGHT PROPERTIES LLP (REGISTERED NUMBER: OC440794)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 26 October 2023 and were signed by:




S Knight - Designated member




Mrs P Knight - Designated member


SPLJ KNIGHT PROPERTIES LLP (REGISTERED NUMBER: OC440794)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 JANUARY 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

SPLJ Knight 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

SPLJ KNIGHT PROPERTIES LLP (REGISTERED NUMBER: OC440794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 JANUARY 2022 TO 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 54,078
At 31 March 2023 54,078
DEPRECIATION
Charge for period 6,760
At 31 March 2023 6,760
NET BOOK VALUE
At 31 March 2023 47,318

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
Additions 54,078
At 31 March 2023 54,078
DEPRECIATION
Charge for period 6,760
At 31 March 2023 6,760
NET BOOK VALUE
At 31 March 2023 47,318

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 16,795,500
Disposals (300,000 )
At 31 March 2023 16,495,500
NET BOOK VALUE
At 31 March 2023 16,495,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 103,708

SPLJ KNIGHT PROPERTIES LLP (REGISTERED NUMBER: OC440794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 JANUARY 2022 TO 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Finance leases 51,070

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts shown as due as loans and other debts due to members rank pari pasu in relation to other creditors in the event of winding up.