REGISTERED NUMBER: |
Abridged Unaudited Financial Statements |
for the Period 1 May 2022 to 31 March 2023 |
for |
NEO INVESTMENTS LLP |
REGISTERED NUMBER: |
Abridged Unaudited Financial Statements |
for the Period 1 May 2022 to 31 March 2023 |
for |
NEO INVESTMENTS LLP |
NEO INVESTMENTS LLP (REGISTERED NUMBER: OC316243) |
Contents of the Financial Statements |
for the Period 1 May 2022 to 31 March 2023 |
Page |
General Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
NEO INVESTMENTS LLP |
General Information |
for the Period 1 May 2022 to 31 March 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
27 Daventry Street |
London |
NW1 6TD |
NEO INVESTMENTS LLP (REGISTERED NUMBER: OC316243) |
Abridged Balance Sheet |
31 March 2023 |
31.3.23 | 30.4.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
2,848,616 |
2,854,795 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
2,848,616 |
2,854,795 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 2,848,616 | 2,854,795 |
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. |
NEO INVESTMENTS LLP (REGISTERED NUMBER: OC316243) |
Abridged 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 Income Statement has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
NEO INVESTMENTS LLP (REGISTERED NUMBER: OC316243) |
Notes to the Financial Statements |
for the Period 1 May 2022 to 31 March 2023 |
1. | STATUTORY INFORMATION |
Neo Investments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
There is no development activity during the current year. The turnover is attributable to the LLP's main activity, and is made up of rental income. |
Investment property |
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in fair value of investment properties are included in the profit or loss in the period in which they arise. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL (2022 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 30 April 2022 |
The fair value of the investment properties has been arrived at by the partners based upon the value of similar properties in the area and it does not differ from the professional valuations carried out in the previous accounting period. |
The LLP has allowed a fixed charge over the LLP's investment properties as collateral for the bank loan. |
NEO INVESTMENTS LLP (REGISTERED NUMBER: OC316243) |
Notes to the Financial Statements - continued |
for the Period 1 May 2022 to 31 March 2023 |
4. | INVESTMENT PROPERTY - continued |
Fair value at 31 March 2023 is represented by: |
£ |
Valuation in 2012 | 445,064 |
Valuation in 2018 | 1,200,000 |
Valuation in 2022 | 225,000 |
Cost | 2,454,936 |
4,325,000 |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.23 | 30.4.22 |
£ | £ |
Bank loans |
The bank loan is secured by a fixed charge over the properties held by the LLP. |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
In the event of winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors. |