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Registered Number: OC401186
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2023

for

NINE ACRES PROPERTY LLP

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 2,670,000    2,670,000 
2,670,000    2,670,000 
Current assets      
Debtors   1,082 
Cash at bank and in hand 23,850    48,225 
23,850    49,307 
Creditors: amount falling due within one year (551)   (2)
Net current assets 23,299    49,305 
 
Total assets less current liabilities 2,693,299    2,719,305 
Creditors: amount falling due after more than one year (1,654,815)   (1,654,815)
Net assets 1,038,484    1,064,490 
 

Represented by:
Loans and other debts due to members 425,432    448,047 
Members' other interest
Members' capital 78,443    78,443 
Reserves 501,362    501,362 
Other reserves 33,247    36,638 
613,052    616,443 

1,038,484    1,064,490 
 

Total members' interests
Loans and other debts due to members 425,432    448,047 
Members' other interests 613,052    616,443 
1,038,484    1,064,490 
 


For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................
Mr P Antino
Designated Member
Date approved by the members: 07 November 2023
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General Information
Nine Acres Property LLP is a limited liability partnership, registered in England and Wales, registration number OC401186, registration address Lynnem House, 1 Victoria Way, Burgess Hill, West Sussex, RH15 9NF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 April 2022 2,589,000    2,589,000 
Additions  
Disposals  
Revaluations 81,000    81,000 
At 31 March 2023 2,670,000    2,670,000 
Depreciation
At 01 April 2022  
Charge for year  
On disposals  
At 31 March 2023  
Net book values
Closing balance as at 31 March 2023 2,670,000    2,670,000 
Opening balance as at 01 April 2022 2,670,000    2,670,000 


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