IRIS Accounts Production v23.1.0.753 OC325525 designated member 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3255252022-03-31OC3255252023-03-31OC3255252022-04-012023-03-31OC3255252021-03-31OC3255252021-04-012022-03-31OC3255252022-03-31OC325525ns16:EnglandWales2022-04-012023-03-31OC325525ns15:PoundSterling2022-04-012023-03-31OC325525ns11:Director12022-04-012023-03-31OC325525ns11:LimitedLiabilityPartnershipLLP2022-04-012023-03-31OC325525ns11:SmallEntities2022-04-012023-03-31OC325525ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-31OC325525ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31OC325525ns11:LimitedLiabilityPartnershipsSORP2022-04-012023-03-31OC325525ns11:FullAccounts2022-04-012023-03-31OC325525ns6:CurrentFinancialInstruments2023-03-31OC325525ns6:CurrentFinancialInstruments2022-03-31OC325525ns6:Non-currentFinancialInstruments2023-03-31OC325525ns6:Non-currentFinancialInstruments2022-03-31OC325525ns11:RegisteredOffice2022-04-012023-03-31OC325525ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31OC325525ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31OC325525ns6:Secured2023-03-31OC325525ns6:Secured2022-03-31
REGISTERED NUMBER: OC325525 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Unicourt Wandsworth LLP

Unicourt Wandsworth LLP (Registered number: OC325525)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Unicourt Wandsworth LLP (Registered number: OC325525)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Investment property 4 17,000,000 17,000,000

CURRENT ASSETS
Debtors 5 1,654,440 1,600,474
Cash at bank 2,146,376 2,261,949
3,800,816 3,862,423
CREDITORS
Amounts falling due within one year 6 (1,979,062 ) (1,949,912 )
NET CURRENT ASSETS 1,821,754 1,912,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,821,754

18,912,511

CREDITORS
Amounts falling due after more than one
year

7

(5,788,001

)

(5,997,875

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

13,033,753

12,914,636

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

13,033,753

12,914,636

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 13,033,753 12,914,636
Amounts due from members 5 (141,155 ) (64,314 )
12,892,598 12,850,322

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.

Unicourt Wandsworth LLP (Registered number: OC325525)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 10 July 2023 and were signed by:





J B Coren - Designated member

Unicourt Wandsworth LLP (Registered number: OC325525)

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

1. STATUTORY INFORMATION

Unicourt Wandsworth LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC325525

Registered office: Little Acre
East End Way
Pinner
Middlesex
HA5 3BS

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

Turnover
Turnover represents total value of rent received during the year.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to the members capital accounts. No depreciation is provided on investment property.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2022 - 6 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 17,000,000
NET BOOK VALUE
At 31 March 2023 17,000,000
At 31 March 2022 17,000,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2012 4,830,000
Valuation in 2013 1,830,000
Valuation in 2016 1,000,000
Valuation in 2020 510,000
Valuation in 2021 1,419,000
Valuation in 2022 1,391,000
Cost 6,020,000
17,000,000

Unicourt Wandsworth LLP (Registered number: OC325525)

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

4. INVESTMENT PROPERTY - continued

The fair value of investment property is based on a valuation by the members.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Amounts owed by related parties 1,438,004 1,438,304
Other debtors 216,436 162,170
1,654,440 1,600,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 207,391 198,148
Trade creditors 13,200 13,200
Amounts owed to related parties 1,556,178 1,536,742
Other creditors 202,293 201,822
1,979,062 1,949,912

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 5,788,001 5,997,875

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than
5 years by instalments 5,089,749 5,107,683
5,089,749 5,107,683

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/23 31/3/22
£    £   
Bank loans 5,995,392 6,196,023

Bank loans are secured on the investment property.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.