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REGISTERED NUMBER: OC428265 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

POLYHOMES & ASSOCIATES LLP

POLYHOMES & ASSOCIATES LLP (REGISTERED NUMBER: OC428265)

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


POLYHOMES & ASSOCIATES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: Dr T Engel
Ms P Rawlings





REGISTERED OFFICE: 16 South End
Croydon
Surrey
CR0 1DN





REGISTERED NUMBER: OC428265 (England and Wales)





ACCOUNTANTS: Averillo & Associates
Chartered Accountants
16 South End
Croydon
Surrey
CR0 1DN

POLYHOMES & ASSOCIATES LLP (REGISTERED NUMBER: OC428265)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,560,695 3,368,868

CURRENT ASSETS
Cash at bank 6,050 6,050

CREDITORS
Amounts falling due within one year 5 720 720
NET CURRENT ASSETS 5,330 5,330
TOTAL ASSETS LESS CURRENT LIABILITIES 3,566,025 3,374,198

CREDITORS
Amounts falling due after more than one
year

6

1,732,909

2,107,871
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,833,116 1,266,327

LOANS AND OTHER DEBTS DUE TO MEMBERS - -

MEMBERS' OTHER INTERESTS
Capital accounts 1,833,116 1,266,327
1,833,116 1,266,327

TOTAL MEMBERS' INTERESTS
Members' other interests 1,833,116 1,266,327

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.

POLYHOMES & ASSOCIATES LLP (REGISTERED NUMBER: OC428265)

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 22 December 2023 and were signed by:





Dr T Engel - Designated member

POLYHOMES & ASSOCIATES LLP (REGISTERED NUMBER: OC428265)

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


1. STATUTORY INFORMATION

Polyhomes & Associates 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 3,368,868
Revaluations 191,827
At 31 March 2023 3,560,695
NET BOOK VALUE
At 31 March 2023 3,560,695
At 31 March 2022 3,368,868

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 3,560,695

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued expenses 720 720

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Mortgages 1,732,909 2,107,871

POLYHOMES & ASSOCIATES LLP (REGISTERED NUMBER: OC428265)

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


7. SECURED DEBTS

The mortgages are secured on the properties to which they relate.

8. ULTIMATE CONTROLLING PARTY

The controlling party is the members.