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REGISTERED NUMBER: OC398081 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

CAG Property LLP

CAG Property LLP (Registered number: OC398081)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


CAG Property LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Mrs H J Bell
J K Bell





REGISTERED OFFICE: The Hall
Newton Le Willows
Bedale
North Yorkshire
DL8 1SW





REGISTERED NUMBER: OC398081 (England and Wales)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

CAG Property LLP (Registered number: OC398081)

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 rental.

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

Mrs H J Bell
J K Bell

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £15,305 (2022 - £23,097 profit).

MEMBERS' INTERESTS
The profits and losses of the LLP are divided between the members in accordance with a specified percentage share of profits which may be agreed from time to time by the majority of members.

Members are entitled to draw to account on their share of profits and interest on capital such sums as may be agreed from time to time by the majority of members.

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:





J K Bell - Designated member


14 November 2023

CAG Property LLP (Registered number: OC398081)

Income Statement
for the Year Ended 31 March 2023

2023 2022
Notes £    £   

TURNOVER - -

Administrative expenses 102,933 70,764
(102,933 ) (70,764 )

Other operating income 87,628 93,861
OPERATING (LOSS)/PROFIT and
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS




(15,305




)




23,097

CAG Property LLP (Registered number: OC398081)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 2,013,727 2,040,991

CURRENT ASSETS
Debtors 7 - 591
Cash at bank 88,158 86,017
88,158 86,608
CREDITORS
Amounts falling due within one year 8 1,138 1,079
NET CURRENT ASSETS 87,020 85,529
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,100,747

2,126,520

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

403,268

429,041

MEMBERS' OTHER INTERESTS
Capital accounts 1,697,479 1,697,479
2,100,747 2,126,520

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 403,268 429,041
Members' other interests 1,697,479 1,697,479
2,100,747 2,126,520

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.

CAG Property LLP (Registered number: OC398081)

Balance Sheet - continued
31 March 2023


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 14 November 2023 and were signed by:





J K Bell - Designated member

CAG Property LLP (Registered number: OC398081)

Reconciliation of Members' Interests
for the Year Ended 31 March 2023


EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1 April 2022 1,697,479 - 1,697,479
Loss for the financial year available for discretionary
division among members

-

(15,305

)

(15,305

)
Members' interests after loss for the year 1,697,479 (15,305 ) 1,682,174
Other divisions of loss - 15,305 15,305
Drawings on account and distributions of profit - - -
Balance at 31 March 2023 1,697,479 - 1,697,479

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 429,041
Amount due from members -
Balance at 1 April 2022 429,041 2,126,520
Loss for the financial year available for discretionary
division among members

-

(15,305

)

Members' interests after loss for the year 429,041 2,111,215
Other divisions of loss (15,305 ) -
Drawings on account and distributions of profit (10,468 ) (10,468 )
Amount due to members 403,268
Amount due from members -
Balance at 31 March 2023 403,268 2,100,747

CAG Property LLP (Registered number: OC398081)

Reconciliation of Members' Interests
for the Year Ended 31 March 2023

EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1 April 2021 1,697,479 - 1,697,479
Profit for the financial year available for discretionary
division among members

-

23,097

23,097
Members' interests after profit for the year 1,697,479 23,097 1,720,576
Other divisions of profit - (23,097 ) (23,097 )
Introduced by members - - -
Drawings on account and distributions of profit - - -
Balance at 31 March 2022 1,697,479 - 1,697,479

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 9,750
Amount due from members (3,695 )
Balance at 1 April 2021 6,055 1,703,534
Profit for the financial year available for discretionary
division among members

-

23,097

Members' interests after profit for the year 6,055 1,726,631
Other divisions of profit 23,097 -
Introduced by members 400,000 400,000
Drawings on account and distributions of profit (111 ) (111 )
Amount due to members 429,041
Amount due from members -
Balance at 31 March 2022 429,041 2,126,520

CAG Property LLP (Registered number: OC398081)

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

1. STATUTORY INFORMATION

CAG Property 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

5. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 27,264 23,468

CAG Property LLP (Registered number: OC398081)

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

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 2,114,030 11,637 2,125,667
DEPRECIATION
At 1 April 2022 76,741 7,935 84,676
Charge for year 25,387 1,877 27,264
At 31 March 2023 102,128 9,812 111,940
NET BOOK VALUE
At 31 March 2023 2,011,902 1,825 2,013,727
At 31 March 2022 2,037,289 3,702 2,040,991

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 591

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,138 1,079

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank before other creditors.