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REGISTERED NUMBER: OC422176 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MUSWELL HILL HOUSING LLP

MUSWELL HILL HOUSING LLP (REGISTERED NUMBER: OC422176)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUSWELL HILL HOUSING LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 March 2023







DESIGNATED MEMBERS: C S Collard
Ms D Beswick





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: OC422176 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

MUSWELL HILL HOUSING LLP (REGISTERED NUMBER: OC422176)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96 128
Investments 5 13,211 -
Investment property 6 2,167,305 2,166,160
2,180,612 2,166,288

CURRENT ASSETS
Debtors 7 300 576
Cash at bank and in hand 133,290 206,181
133,590 206,757
CREDITORS
Amounts falling due within one year 8 12,016 5,706
NET CURRENT ASSETS 121,574 201,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,302,186

2,367,339

CREDITORS
Amounts falling due after more than one
year

9

704,776

1,026,211
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,597,410

1,341,128

MUSWELL HILL HOUSING LLP (REGISTERED NUMBER: OC422176)

BALANCE SHEET - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

1,379,504

1,123,982

MEMBERS' OTHER INTERESTS
Fair value reserve 12 217,906 217,146
1,597,410 1,341,128

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 1,379,504 1,123,982
Members' other interests 217,906 217,146
1,597,410 1,341,128

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 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21 November 2023 and were signed by:




C S Collard - Designated member




Ms D Beswick - Designated member


MUSWELL HILL HOUSING LLP (REGISTERED NUMBER: OC422176)

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

1. STATUTORY INFORMATION

Muswell Hill Housing 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.
Fixtures and fittings - 25% on reducing balance

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.The Fair value profits on investment property is transferred to fair value reserve.

Taxation
As members are liable for taxation on their share of the profits of the LLP there is no corporation or deferred tax charges.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 170
DEPRECIATION
At 1 April 2022 42
Charge for year 32
At 31 March 2023 74
NET BOOK VALUE
At 31 March 2023 96
At 31 March 2022 128

MUSWELL HILL HOUSING LLP (REGISTERED NUMBER: OC422176)

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

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
Additions 12,450
Revaluations 761
At 31 March 2023 13,211
NET BOOK VALUE
At 31 March 2023 13,211

The fair value of listed investments is determined by reference to the quoted price in the active market at the balance sheet date.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 2,166,160
Additions 1,145
At 31 March 2023 2,167,305
NET BOOK VALUE
At 31 March 2023 2,167,305
At 31 March 2022 2,166,160

Investment property was valued on an open market basis on 31 March 2023 by the members.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 300 576

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 195 -
Other creditors 11,821 5,706
12,016 5,706

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 704,776 1,026,211

MUSWELL HILL HOUSING LLP (REGISTERED NUMBER: OC422176)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 704,776 704,770

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 704,776 1,026,211

11. 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.

12. RESERVES
Fair
value
reserve
£   
At 1 April 2022 217,146
Fair value movements 760
At 31 March 2023 217,906