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REGISTERED NUMBER: OC421240 (England and Wales)












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: M D Hughes
C A Jones
Murdoch Uk Limited
H Schofield





REGISTERED OFFICE: 153 Minster Road
Minster On Sea
Sheerness
Kent
ME12 3LJ





REGISTERED NUMBER: OC421240 (England and Wales)





ACCOUNTANTS: Williams Giles Professional Services Ltd
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 4 328 437
Investment property 5 3,817,000 3,250,000
3,817,328 3,250,437

CURRENT ASSETS
Debtors - 60,793
Cash at bank 56,299 33,308
56,299 94,101
CREDITORS
Amounts falling due within one year 6 1,585 1,440
NET CURRENT ASSETS 54,714 92,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,872,042

3,343,098

CREDITORS
Amounts falling due after more than one
year

7

-

986,000
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 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.

MURDOCH PROPERTIES UK LLP (REGISTERED NUMBER: OC421240)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 November 2023 and were signed by:





M D Hughes - Designated member

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
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.

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

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 1,321
DEPRECIATION
At 1 April 2022 884
Charge for year 109
At 31 March 2023 993
NET BOOK VALUE
At 31 March 2023 328
At 31 March 2022 437

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 3,250,000
Additions 413,848
Revaluations 153,152
At 31 March 2023 3,817,000
NET BOOK VALUE
At 31 March 2023 3,817,000
At 31 March 2022 3,250,000

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 1,585 1,440

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 986,000

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 - 986,000

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