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REGISTERED NUMBER: OC419730 (England and Wales)















REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

EAST VIEW ASSETS LLP

EAST VIEW ASSETS LLP (REGISTERED NUMBER: OC419730)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


EAST VIEW ASSETS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: B G Sachdev
Mrs J Sachdev
Mrs V Burnett
R Sachdev





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: OC419730 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

EAST VIEW ASSETS LLP (REGISTERED NUMBER: OC419730)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2023


The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property investment.

DESIGNATED MEMBERS
The designated members during the year under review were:

B G Sachdev
Mrs J Sachdev
Mrs V Burnett
R Sachdev

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £49,222 (2022 - £103,561 profit).

MEMBERS' INTERESTS
The LLP is financed through a combination of member's capital and profits generated by the asset.

CESSATION OF BUSINESS
The property investment business was incorporated into a Limited Company as at 1 October 2022. All the assets and liabilities were transferred into connected company on this day. The LLP remained dormant from 1 October 2022 to 31 March 2023.

ON BEHALF OF THE MEMBERS:





B G Sachdev - Designated member


1 November 2023

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EAST VIEW ASSETS LLP



In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of East View Assets LLP for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of East View Assets LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of East View Assets LLP and state those matters that we have agreed to state to the members of East View Assets LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than East View Assets LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that East View Assets LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of East View Assets LLP. You consider that East View Assets LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of East View Assets LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


1 November 2023

EAST VIEW ASSETS LLP (REGISTERED NUMBER: OC419730)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

31/3/23 31/3/22
Notes £ £

TURNOVER 55,289 109,921

Administrative expenses 6,067 2,507
OPERATING PROFIT 49,222 107,414


Interest payable and similar expenses - 3,853
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


49,222


103,561

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


49,222


103,561

Members' remuneration charged as an
expense

4

(49,222

)

(103,561

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

EAST VIEW ASSETS LLP (REGISTERED NUMBER: OC419730)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £ £ £ £
FIXED ASSETS
Investment property 5 - 2,004,329

CURRENT ASSETS
Cash at bank - 107,150

CREDITORS
Amounts falling due within one year 6 - 44,876
NET CURRENT ASSETS - 62,274
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

2,066,603

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

-

2,066,603

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 - 2,066,603

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.

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

The financial statements were approved by the members of the LLP and authorised for issue on 1 November 2023 and were signed by:





B G Sachdev - Designated member

EAST VIEW ASSETS LLP (REGISTERED NUMBER: OC419730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

East View Assets 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 represents rent receivable.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 4 ) .

4. INFORMATION IN RELATION TO MEMBERS
31/3/23 31/3/22
£ £
Members' remuneration charged as an expense
Automatic division of profit 49,222 103,561

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2022 2,004,329
Disposals (2,004,329 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 2,004,329

Investment property relates to the Car Park at North Street, Newport which was purchased on 10th May 2019 and is let out to National Car Parks Ltd.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£ £
Taxation and social security - 16,378
Other creditors - 28,498
- 44,876

EAST VIEW ASSETS LLP (REGISTERED NUMBER: OC419730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.