REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 26 JANUARY 2022 TO 31 MARCH 2023 |
FOR |
SPLJ KNIGHT PROPERTIES LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
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 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 |
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 |
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 |
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 |
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 |
At 31 March 2023 |
DEPRECIATION |
Charge for period |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
Fixed assets, included in the above, which are held under finance leases are as follows: |
Motor |
vehicles |
£ |
COST |
Additions |
At 31 March 2023 |
DEPRECIATION |
Charge for period |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Disposals | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
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 |
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. |