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REGISTERED NUMBER: OC438430 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NICHOLLS PROPERTY MANAGEMENT LLP

NICHOLLS PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC438430)

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










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NICHOLLS PROPERTY MANAGEMENT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: Mr A R Nicholls
Mr T A Nicholls
Mr A W Nicholls
Ms J Nicholls
Mr A S Morris
Mrs G A Clarke
Nicholls Investment Limited





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill on Sea
East Sussex
TN39 5ES





REGISTERED NUMBER: OC438430 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

NICHOLLS PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC438430)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,125,000 1,125,000

CURRENT ASSETS
Debtors 2,836 2,166

CREDITORS
Amounts falling due within one year 5 960 1,200
NET CURRENT ASSETS 1,876 966
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,126,876

1,125,966

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

1,876

966

MEMBERS' OTHER INTERESTS
Capital accounts 1,125,000 1,125,000
1,126,876 1,125,966

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 1,876 966
Members' other interests 1,125,000 1,125,000
Amounts due from members (2,836 ) (2,166 )
1,124,040 1,123,800

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.

NICHOLLS PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC438430)

STATEMENT OF FINANCIAL POSITION - 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 28 December 2023 and were signed by:





Mr T A Nicholls - Designated member

NICHOLLS PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC438430)

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


1. STATUTORY INFORMATION

Nicholls Property Management 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
Cost
At 1 April 2022
and 31 March 2023 1,125,000
Net book value
At 31 March 2023 1,125,000
At 31 March 2022 1,125,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 960 1,200

NICHOLLS PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC438430)

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


6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 1,876 966

Falling due within one year 1,876 966

This is not loan to members, this is the current accounts of designated partners.