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REGISTERED NUMBER: OC312639 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

THE OFFER PROPERTY PARTNERSHIP LLP

THE OFFER PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC312639)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

THE OFFER PROPERTY PARTNERSHIP LLP

General Information
for the year ended 31 March 2023







Designated members: T H M Offer
H J M Offer
The Offer Group Limited





Registered office: Outer Barge, 1 Panther Quay
22 Old Bridge Street
Hampton Wick
Kingston Upon Thames
Surrey
KT1 4BU





Registered number: OC312639 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

THE OFFER PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC312639)

Statement of Financial Position
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 750,000 1,070,000

Current assets
Debtors 5 28,565 235,539
Cash at bank 58,736 38,899
87,301 274,438
Creditors
Amounts falling due within one year 6 21,504 28,932
Net current assets 65,797 245,506
Total assets less current liabilities
and
Net assets attributable to members 815,797 1,315,506

Loans and other debts due to members 7 396,505 576,214

Members' other interests
Revaluation reserve 419,292 739,292
815,797 1,315,506

Total members' interests
Loans and other debts due to members 7 396,505 576,214
Members' other interests 419,292 739,292
Amounts due from members 5 - (204,105 )
815,797 1,111,401

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 OFFER PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC312639)

Statement of Financial Position - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7 November 2023 and were signed by:





T H M Offer - Designated member

THE OFFER PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC312639)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

The Offer Property Partnership 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Members' participation rights

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is agreed by the partners taking into account the anticipated cash and capital needs of the LLP.

3. Employee information

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

THE OFFER PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC312639)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Tangible fixed assets
Freehold
property
£
Cost or valuation
At 1 April 2022 1,070,000
Revaluations (320,000 )
At 31 March 2023 750,000
Net book value
At 31 March 2023 750,000
At 31 March 2022 1,070,000

Cost or valuation at 31 March 2023 is represented by:

Freehold
property
£
Valuation in 2009 124,292
Valuation in 2010 45,000
Valuation in 2016 50,000
Valuation in 2017 120,000
Valuation in 2019 90,000
Valuation in 2020 (60,000 )
Valuation in 2022 370,000
Valuation in 2023 (320,000 )
Cost 330,708
750,000

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 23,627 31,434
Amounts due from members - 204,105
Other debtors 4,938 -
28,565 235,539

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 1,740 4,453
VAT 3,669 144
Other creditors 15,095 23,335
Accrued expenses 1,000 1,000
21,504 28,932

THE OFFER PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC312639)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


7. Loans and other debts due to members
2023 2022
£ £
Amounts owed to members in respect of profits 396,505 576,214

Falling due within one year 396,505 576,214

In the event of a winding up the amounts included in "Loans and advances other debts due to members" will rank equally with unsecured creditors.

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
The Offer Property Partnership LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

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 The Offer Property Partnership LLP for the year ended 31 March 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position 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 The Offer Property Partnership 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 The Offer Property Partnership LLP and state those matters that we have agreed to state to the members of The Offer Property Partnership 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 The Offer Property Partnership LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that The Offer Property Partnership 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 loss of The Offer Property Partnership LLP. You consider that The Offer Property Partnership 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 The Offer Property Partnership 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.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


7 November 2023