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REGISTERED NUMBER: OC345779 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Christe LLP

Christe LLP (Registered number: OC345779)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Christe LLP (Registered number: OC345779)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 525,000 264,139

CURRENT ASSETS
Debtors 5 6,000 4,000
Cash at bank 26,625 20,039
32,625 24,039
CREDITORS
Amounts falling due within one year 6 4,030 4,730
NET CURRENT ASSETS 28,595 19,309
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 553,595 283,448

LOANS AND OTHER DEBTS DUE TO MEMBERS 7 553,595 283,448

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 553,595 283,448

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 30 June 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 12 February 2024 and were signed by:





Mrs C Dransfield - Designated member

Christe LLP (Registered number: OC345779)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Christe LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC345779

Registered office: Spring Court
Spring Road
Hale
Altrincham
Cheshire
WA14 2UQ

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.

After making enquiries, the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 July 2022 264,139
Revaluations 260,861
At 30 June 2023 525,000
NET BOOK VALUE
At 30 June 2023 525,000
At 30 June 2022 264,139

The investment property was revalued by an independent party (Read Property Associates Ltd) on fair value basis at 30th June 2023.

Cost or valuation at 30 June 2023 is represented by:
£   
Valuation in 2023 260,861
Cost 264,139
525,000

Christe LLP (Registered number: OC345779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,000 4,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,390 1,300
Other creditors 1,640 3,430
4,030 4,730

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts due to members would rank equally as unsecured liabilities with other creditors.

8. REVALUATION

Included within the Capital Account Schedule and share of profit are non distributable reserves of £260,861 in relation to the revaluation of the investment property this year.