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REGISTERED NUMBER: OC443793 (England and Wales)










Unaudited Financial Statements

for the Period

9 September 2022 to 31 March 2023

for

Frog Property LLP

Frog Property LLP (Registered number: OC443793)






Contents of the Financial Statements
for the Period 9 September 2022 to 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Frog Property LLP

General Information
for the Period 9 September 2022 to 31 March 2023







DESIGNATED MEMBERS: R E Milligan
F H Milligan
The Little North Property Co Ltd





REGISTERED OFFICE: Oaklea House
46 Coatham Road
Redcar
England
TS10 1RS





REGISTERED NUMBER: OC443793 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Frog Property LLP (Registered number: OC443793)

Balance Sheet
31 March 2023

Notes £   
FIXED ASSETS
Investment property 4 178,000

CREDITORS
Amounts falling due within one year 5 (1,513 )
NET CURRENT LIABILITIES (1,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

176,487

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

176,487

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 176,487

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 period 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.

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 23 January 2024 and were signed by:




R E Milligan - Designated member

Frog Property LLP (Registered number: OC443793)

Notes to the Financial Statements
for the Period 9 September 2022 to 31 March 2023

1. STATUTORY INFORMATION

Frog Property 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 period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 159,000
Revaluations 19,000
At 31 March 2023 178,000
NET BOOK VALUE
At 31 March 2023 178,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 19,000
Cost 159,000
178,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Accrued expenses 1,513

Frog Property LLP (Registered number: OC443793)

Notes to the Financial Statements - continued
for the Period 9 September 2022 to 31 March 2023

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.