REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
MURDOCH PROPERTIES UK LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
MURDOCH PROPERTIES UK LLP |
MURDOCH PROPERTIES UK LLP (REGISTERED NUMBER: OC421240) |
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 |
MURDOCH PROPERTIES UK LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2023 |
DESIGNATED MEMBERS: |
C A Jones |
Murdoch Uk Limited |
H Schofield |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
12 Conqueror Court |
Sittingbourne |
Kent |
ME10 5BH |
MURDOCH PROPERTIES UK LLP (REGISTERED NUMBER: OC421240) |
BALANCE SHEET |
31 MARCH 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
3,872,042 |
2,357,098 |
MEMBERS' BALANCES | 3,872,042 | 2,357,098 |
TOTAL MEMBERS' INTERESTS |
Members' balances | 3,872,042 | 2,357,098 |
Amounts due from members | - | (60,793 | ) |
3,872,042 | 2,296,305 |
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. |
MURDOCH PROPERTIES UK LLP (REGISTERED NUMBER: OC421240) |
BALANCE SHEET - continued |
31 MARCH 2023 |
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 |
MURDOCH PROPERTIES UK LLP (REGISTERED NUMBER: OC421240) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
Murdoch Properties UK 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 |
Tangible fixed assets |
Computer equipment | - |
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. |
Financial instruments |
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments. |
Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value. |
Financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Borrowing costs are not capitalised. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
MURDOCH PROPERTIES UK LLP (REGISTERED NUMBER: OC421240) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Computer |
equipment |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2022 |
Additions |
Revaluations | 153,152 |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Fair value at 31 March 2023 is represented by: |
£ |
Valuation in 2019 | (88,773 | ) |
Valuation in 2020 | 123,200 |
Valuation in 2021 | 67,800 |
Valuation in 2022 | 351,507 |
Valuation in 2023 | 153,152 |
Cost | 3,210,114 |
3,817,000 |
If investment properties had not been revalued they would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 3,210,114 | 2,128,773 |
Investment properties were valued on an open market basis on 31 March 2023 by the director . |
MURDOCH PROPERTIES UK LLP (REGISTERED NUMBER: OC421240) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | - | 986,000 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
Handelsbanken PLC hold a fixed and floating charge that covers all of the properties and undertaking of the company. |
Handelsbanken PLC also hold fixed and floating charges on individual properties, dated as below. |
22nd October 2021 |
14 Gordon Avenue, Queenborough, Kent, ME11 5BD |
8 Barler Place, Queenborough, Kent, ME11 5BX |
29 Unity Street, Queenborough, Kent, ME12 2PR |
119 Coronation Road, Sheerness, Kent, ME12 2QR |
53 Clyde Street, Queenborough, Kent, ME12 2QF |
14th December 2021 |
24 Clyde Street, Queenborough, Kent, ME12 2QG |
6 Unity Street, Queenborough, Kent, ME12 2PS |
1st February 2022 |
7 Mount Field, Queenborough, Kent, ME11 5DB |
2A Berridge Road, Sheerness, Kent, ME12 2AD |
55 - 57 Clyde Street, Sheerness, Kent, ME12 2QF |
28th April 2022 |
9 Yeates Drive, Kemsley, Sittingbourne, Kent, ME10 2UH |
3rd October 2022 |
11 Castlemere Avenue, Queenborough, Kent, ME11 5BS |