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REGISTERED NUMBER: OC316817 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

LOWER CLAPTON LLP

LOWER CLAPTON LLP (REGISTERED NUMBER: OC316817)

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


LOWER CLAPTON LLP

General Information
for the year ended 31 March 2023







Designated members: J T Woolstencroft
T J Woolstencroft
B P Woolstencroft
D C Woolstencroft
E J Woolstencroft





Registered office: 3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





Registered number: OC316817 (England and Wales)





Accountants: Haines Watts North London LLP
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

LOWER CLAPTON LLP (REGISTERED NUMBER: OC316817)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investment property 4 - 1,130,000

Current assets
Debtors 5 290 115,624
Cash at bank 4,227 53,800
4,517 169,424
Creditors
Amounts falling due within one year 6 4,225 38,581
Net current assets 292 130,843
Total assets less current liabilities 292 1,260,843

Creditors
Amounts falling due after more than one year 7 - 322,417
Net assets attributable to members 292 938,426

LOWER CLAPTON LLP (REGISTERED NUMBER: OC316817)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £ £ £ £
Loans and other debts due to members 9 292 249,879

Members' other interests
Revaluation reserve 10 - 688,547
292 938,426

Total members' interests
Loans and other debts due to members 9 292 249,879
Members' other interests - 688,547
Amounts due from members 5 (292 ) -
- 938,426

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 December 2023 and were signed by:





J T Woolstencroft - Designated member

LOWER CLAPTON LLP (REGISTERED NUMBER: OC316817)

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


1. Statutory information

Lower Clapton 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.

Turnover
Turnover represents rents received excluding value added tax.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employee information

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

4. Investment property
Total
£
Fair value
At 1 April 2022 1,130,000
Additions 50,000
Disposals (1,180,000 )
At 31 March 2023 -
Net book value
At 31 March 2023 -
At 31 March 2022 1,130,000

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 290 115,624

LOWER CLAPTON LLP (REGISTERED NUMBER: OC316817)

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


6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts - 23,338
Other creditors 4,225 15,243
4,225 38,581

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 322,417

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 229,067

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans - 345,755

9. Loans and other debts due to members


10. Reserves
Revaluation
reserve
£
At 1 April 2022 688,547
Revaluation during the year (688,547 )
At 31 March 2023 -

11. Related party disclosures

At the balance sheet date, the company was due £Nil from Dicecrown Limited (2022: £3,000) and £Nil (2022: £100,000) from The Holsworthy Square LLP, companies controlled by Mr J T Woolstencroft.