Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-212023-03-212022-01-24true4falsefalseThe principal activity of the LLP is that of property development.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC440745 2022-01-23 OC440745 2022-01-24 2023-03-21 OC440745 2021-03-22 2022-01-23 OC440745 2023-03-21 OC440745 c:CurrentFinancialInstruments 2023-03-21 OC440745 c:Non-currentFinancialInstruments 2023-03-21 OC440745 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-21 OC440745 d:FRS102 2022-01-24 2023-03-21 OC440745 d:AuditExempt-NoAccountantsReport 2022-01-24 2023-03-21 OC440745 d:FullAccounts 2022-01-24 2023-03-21 OC440745 d:LimitedLiabilityPartnershipLLP 2022-01-24 2023-03-21 OC440745 d:PartnerLLP4 2022-01-24 2023-03-21 OC440745 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-21 OC440745 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-21 iso4217:GBP xbrli:pure

Registered number: OC440745










PACKAGED LIVING (BASINGSTOKE) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 21 MARCH 2023

 
PACKAGED LIVING (BASINGSTOKE) LLP
 

CONTENTS



Page
Balance Sheet
1 - 2
Reconciliation of Members' Interests
3
Notes to the Financial Statements
4 - 7


 
PACKAGED LIVING (BASINGSTOKE) LLP
REGISTERED NUMBER: OC440745

BALANCE SHEET
AS AT 21 MARCH 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
281,635

Debtors: amounts falling due within one year
 4 
67,886

Cash at bank and in hand
 5 
3,700

  
353,221

Creditors: Amounts Falling Due Within One Year
 6 
(75,822)

Net current assets
  
 
 
277,399

Total assets less current liabilities
  
277,399

  

Net assets
  
277,399


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
277,299

  
277,299

Members' other interests
  

Members' capital classified as equity
  
100

  
 
100

  
277,399


Total members' interests
  

Loans and other debts due to members
  
277,299

Members' other interests
  
100

  
277,399


Page 1

 
PACKAGED LIVING (BASINGSTOKE) LLP
REGISTERED NUMBER: OC440745
    
BALANCE SHEET (CONTINUED)
AS AT 21 MARCH 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 24 October 2023.




R J S Palmer 
on behalf of Fiera Real Estate UK Limited
Designated member

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
PACKAGED LIVING (BASINGSTOKE) LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 21 MARCH 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Total
Other amounts
Total
Total

£
£
£
£
£

Balance at 23 January 2022
-
-
-
-
-

Members' remuneration charged as an expense
 
-
-
277,299
277,299
277,299

Members' interests after profit for the period
 
-
-
277,299
277,299
277,299

Amounts introduced by members
100
100
-
-
100

Amounts due to members
 


277,299
277,299


Balance at 21 March 2023 
100
100
277,299
277,299
277,399

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
PACKAGED LIVING (BASINGSTOKE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 21 MARCH 2023

1.


General information

Packaged Living (Basingstoke) LLP is a limited liability partnership, incorporated in the United Kingdom and registered in England and Wales, registration number OC440745. The address of its registered office is Third Floor Queensbury House, 3 Old Burlington Street, London, United Kingdom, W1S 3AE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Going concern

The LLP is currently reliant on its members for financial support. The members are committed to the sustainment of the LLP and its property management activities, and are confident that the LLP has the resources to continue operating for at least 12 months from the date the financial statements are authorised. The members have concluded that it is appropriate that the financial stataments be prepared on a going concern basis.

 
2.3

Turnover

Turnover represents fees receivable net of VAT.
Fees receivable represents the value of services provided under contracts to the extent that there is a right to the consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
PACKAGED LIVING (BASINGSTOKE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 21 MARCH 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The LLP has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the LLP's Balance Sheet when the LLP becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
Page 5

 
PACKAGED LIVING (BASINGSTOKE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 21 MARCH 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average number of employees during the period was 4.



4.


Debtors

2023
£

Due after more than one year

Other debtors
281,635


2023
£

Due within one year

Trade debtors
43,327

Other debtors
100

Prepayments and accrued income
24,459

67,886


Page 6

 
PACKAGED LIVING (BASINGSTOKE) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 21 MARCH 2023

5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
3,700



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
22,786

Amounts owed to group undertakings
100

Other taxation and social security
7,034

Accruals and deferred income
45,902

75,822



7.


Loans and other debts due to members




Other amounts due to members
277,299

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

 
Page 7