REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
THE HOLSWORTHY SQUARE LLP |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets/(liabilities) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 8 |
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 |
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 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. |
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 |
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 |
Turnover |
Turnover represents rents received excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
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 |
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 |
Disposals | ( |
) |
At 31 March 2023 |
Depreciation |
At 1 April 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
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 |
Disposals | ( |
) |
Revaluations | 343,000 |
At 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
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 |
Amounts due from members | 450,505 | - |
Other debtors |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | 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 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 |
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 |
Disposals during the year | ( |
) |
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. |