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REGISTERED NUMBER: OC325662 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

REDACRE INVESTMENTS LLP

REDACRE INVESTMENTS LLP (REGISTERED NUMBER: OC325662)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


REDACRE INVESTMENTS LLP (REGISTERED NUMBER: OC325662)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,686,149 2,401,885

CURRENT ASSETS
Debtors 6 62,894 11,713
Cash at bank 8,551 2,053
71,445 13,766
CREDITORS
Amounts falling due within one year 7 478,665 590,490
NET CURRENT LIABILITIES (407,220 ) (576,724 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,278,929

1,825,161

CREDITORS
Amounts falling due after more than one
year

8

851,665

1,174,588
NET ASSETS ATTRIBUTABLE TO
MEMBERS

427,264

650,573

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

193,676

313,630

MEMBERS' OTHER INTERESTS
Fair value reserve 233,588 336,943
427,264 650,573

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 193,676 313,630
Members' other interests 233,588 336,943
427,264 650,573

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.

REDACRE INVESTMENTS LLP (REGISTERED NUMBER: OC325662)

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 26 February 2024 and were signed by:





D Anders - Designated member

REDACRE INVESTMENTS LLP (REGISTERED NUMBER: OC325662)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

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

Registered number: OC325662

Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified to include certain items at fair value.

Turnover
Turnover represents rental income received or receivable during the the period, net of VAT.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the income statement.

4. EMPLOYEE INFORMATION

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 2,401,885
Disposals (715,736 )
At 31 March 2023 1,686,149
NET BOOK VALUE
At 31 March 2023 1,686,149
At 31 March 2022 2,401,885


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 62,894 11,713

REDACRE INVESTMENTS LLP (REGISTERED NUMBER: OC325662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,200 16,934
Trade creditors and accruals 4,204 1,499
VAT 7,266 16,912
Other creditors 457,995 555,145
478,665 590,490

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 749,915 1,073,338
Other loans 101,750 101,250
851,665 1,174,588

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 759,115 1,090,272
Other loans 101,250 101,250
860,365 1,191,522

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other creditors in the event of a winding up. There are no restrictions on the members' ability to reduce the amount of members' other interests.