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REGISTERED NUMBER: OC342438 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

PROPERTY INVESTMENT GB LLP

PROPERTY INVESTMENT GB LLP (REGISTERED NUMBER: OC342438)






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


PROPERTY INVESTMENT GB LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Mr D L Barclay
Barclay Bros. CS Limited





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: OC342438 (England and Wales)





ACCOUNTANTS: Conroy & Lermer
Chartered Accountants
42 Lytton Road
BARNET
EN5 5BY

PROPERTY INVESTMENT GB LLP (REGISTERED NUMBER: OC342438)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,690,000 2,920,000

CURRENT ASSETS
Debtors 5 15,747 9,497
Cash at bank 5,995 5,538
21,742 15,035
CREDITORS
Amounts falling due within one year 6 276,009 313,018
NET CURRENT LIABILITIES (254,267 ) (297,983 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,435,733

2,622,017

CREDITORS
Amounts falling due after more than one year 7 - 180,790
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,435,733 2,441,227

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

2,435,733

2,441,227

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 2,435,733 2,441,227

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.

PROPERTY INVESTMENT GB LLP (REGISTERED NUMBER: OC342438)

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 14 February 2024 and were signed by:





Mr D L Barclay - Designated member

PROPERTY INVESTMENT GB LLP (REGISTERED NUMBER: OC342438)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Property Investment GB LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is represented by rents received in the year on an accruals basis.

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 - 33% straight line
Motor vehicles - 25% reducing balance

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 2,920,000 12,162 2,932,162
Disposals (230,000 ) - (230,000 )
At 31 March 2023 2,690,000 12,162 2,702,162
DEPRECIATION
At 1 April 2022
and 31 March 2023 - 12,162 12,162
NET BOOK VALUE
At 31 March 2023 2,690,000 - 2,690,000
At 31 March 2022 2,920,000 - 2,920,000

PROPERTY INVESTMENT GB LLP (REGISTERED NUMBER: OC342438)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 2,690,000 12,162 2,702,162

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 15,747 9,497

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 5,809
Trade creditors 8,832 6,216
Amounts owed to group undertakings 253,992 297,807
Other creditors 13,185 3,186
276,009 313,018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 180,790

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 180,790

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu in relation to all other creditors.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £253,992 (2022: £297,807) to Barclay Bros CS Ltd, £6,250 (2022: £Nil) by Barclay Bros Construction Services Ltd, £9,497 (2022: £9,497) to Barclay Building & Maintenance. The member, Mr D Barclay, is also a director of Barclay Bros CS Ltd.

.