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REGISTERED NUMBER: OC350936 (England and Wales)











De Trafford Property LLP

Unaudited Financial Statements

for the Year Ended 31 March 2022






De Trafford Property LLP (Registered number: OC350936)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

General information 1

Balance sheet 2

Notes to the financial statements 4


De Trafford Property LLP

General Information
for the Year Ended 31 March 2022







Designated members: De Trafford Estates Limited
De Trafford Estates Capital Limited





Registered office: St Georges Gardens
Spinners Way
Castlefield
Manchester
M15 4UZ





Registered number: OC350936 (England and Wales)






De Trafford Property LLP (Registered number: OC350936)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £   
Fixed assets
Tangible assets 4 - 1,858

Current assets
Debtors 5 88,914 786,246
Cash at bank 1,812 26,150
90,726 812,396
Creditors
Amounts falling due within one year 6 (29,279 ) (722,497 )
Net current assets 61,447 89,899
Total assets less current liabilities 61,447 91,757

Creditors
Amounts falling due after more than one
year

7

(34,120

)

(41,130

)
Net assets attributable to members 27,327 50,627

Loans and other debts due to
members

9

27,327

50,627

Total members' interests
Loans and other debts due to members 9 27,327 50,627
Amounts due from members 5 (86,084 ) -
(58,757 ) 50,627

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 2022.

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.

De Trafford Property LLP (Registered number: OC350936)

Balance Sheet - continued
31 March 2022


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 9 February 2024 and were signed by:





De Trafford Estates Capital Limited - Designated member

De Trafford Property LLP (Registered number: OC350936)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. Statutory information

De Trafford Property 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

Revenue recognition
Turnover represents amounts receivable for properties and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Revenue is recognised when the LLP has obtained the right to receive consideration in exchange for its performance under contracts for sale. Revenue is recognised on sales of properties when the notice for legal completion is served on the purchaser at the point of completion of the LLP's obligation to the purchaser under the contract for sale.

Judgements and key sources of estimation uncertainty
The preparation of the financial statement requires management to make judgements, estimates and assumptions that may affect the application of the accounting policies and the reported amounts of the assets, liabilities, income and expenses. The partners do not consider any estimates or assumptions to be "key" warranting disclosure.

3. Employee information

The average number of employees during the year was NIL (2021 - NIL).

De Trafford Property LLP (Registered number: OC350936)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 April 2021
and 31 March 2022 20,676
Depreciation
At 1 April 2021 18,818
Charge for year 1,858
At 31 March 2022 20,676
Net book value
At 31 March 2022 -
At 31 March 2021 1,858

5. Debtors: amounts falling due within one year
31.3.22 31.3.21
£    £   
Trade debtors 2,753 4,949
Other debtors 86,161 781,297
88,914 786,246

6. Creditors: amounts falling due within one year
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 10,646 8,870
Trade creditors 17,433 21,636
Other creditors 1,200 691,991
29,279 722,497

7. Creditors: amounts falling due after more than one year
31.3.22 31.3.21
£    £   
Bank loans 34,120 41,130

De Trafford Property LLP (Registered number: OC350936)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. Secured debts

The following secured debts are included within creditors:

31.3.22 31.3.21
£    £   
Loan - 580,000

Included in other creditors is a loan of £Nil (2021: £580,000 ) which is secured by a charge on the assets of the LLP.

9. Loans and other debts due to members

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of winding up.