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REGISTERED NUMBER: OC322221 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

THE HOLSWORTHY SQUARE LLP

THE HOLSWORTHY SQUARE LLP (REGISTERED NUMBER: OC322221)

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


THE HOLSWORTHY SQUARE 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: OC322221 (England and Wales)





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

THE HOLSWORTHY SQUARE LLP (REGISTERED NUMBER: OC322221)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 - 24,379
Investment property 5 - 4,665,000
- 4,689,379

Current assets
Debtors 6 450,505 145,582
Cash at bank 116,316 104,047
566,821 249,629
Creditors
Amounts falling due within one year 7 116,316 497,036
Net current assets/(liabilities) 450,505 (247,407 )
Total assets less current liabilities 450,505 4,441,972

Creditors
Amounts falling due after more than one year 8 - 1,580,523
Net assets attributable to members 450,505 2,861,449

THE HOLSWORTHY SQUARE LLP (REGISTERED NUMBER: OC322221)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £ £ £ £
Loans and other debts due to members 10 450,505 1,280,897

Members' other interests
Fair value reserve 11 - 1,580,552
450,505 2,861,449

Total members' interests
Loans and other debts due to members 10 450,505 1,280,897
Members' other interests - 1,580,552
Amounts due from members 6 (450,505 ) -
- 2,861,449

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

THE HOLSWORTHY SQUARE LLP (REGISTERED NUMBER: OC322221)

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


1. Statutory information

The Holsworthy Square 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 represents rents received excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% 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.

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 2 (2022 - 2 ) .

THE HOLSWORTHY SQUARE LLP (REGISTERED NUMBER: OC322221)

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


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 April 2022 147,822
Disposals (119,684 )
At 31 March 2023 28,138
Depreciation
At 1 April 2022 123,443
Charge for year 6,888
Eliminated on disposal (102,193 )
At 31 March 2023 28,138
Net book value
At 31 March 2023 -
At 31 March 2022 24,379

5. Investment property
Total
£
Fair value
At 1 April 2022 4,665,000
Disposals (5,008,000 )
Revaluations 343,000
At 31 March 2023 -
Net book value
At 31 March 2023 -
At 31 March 2022 4,665,000

Fair value at 31 March 2023 is represented by:
£

THE HOLSWORTHY SQUARE LLP (REGISTERED NUMBER: OC322221)

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


6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors - 94,081
Amounts due from members 450,505 -
Other debtors - 51,501
450,505 145,582

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts - 115,954
Trade creditors - 22,448
Taxation and social security - 1,397
Other creditors 116,316 357,237
116,316 497,036

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 1,580,523

Amounts falling due in more than five years:

Repayable by instalments
Bank loans payable after more
than 5 years by instalment - 1,116,708
- 1,116,708

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans - 1,696,477

10. Loans and other debts due to members


THE HOLSWORTHY SQUARE LLP (REGISTERED NUMBER: OC322221)

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


11. Reserves
Fair value
reserve
£
At 1 April 2022 1,580,552
Disposals during the year (1,580,552 )
At 31 March 2023 -

12. Related party disclosures

During the year the company provided and received funding from other entities controlled by Mr J T Woolstencroft.

At the balance sheet date Other creditors includes an amount of £Nil (2022: £100,000) due to Lower Clapton LLP and £Nil (2022: £95,000) due to Propeast Limited. Other debtors includes £Nil (2022: £9,000) due from Dicecrown Limited.

13. Ultimate controlling party

J T Woolstencroft is considered the ultimate controlling party.