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REGISTERED NUMBER: OC438240 (England and Wales)















BAILUM PROPERTIES LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






BAILUM PROPERTIES LLP (REGISTERED NUMBER: OC438240)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


BAILUM PROPERTIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DESIGNATED MEMBERS: L Friend
Mrs M Friend





REGISTERED OFFICE: Baypoint Sports Club
Ramsgate Road
Sandwich
Kent
CT13 9QL





REGISTERED NUMBER: OC438240 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

BAILUM PROPERTIES LLP (REGISTERED NUMBER: OC438240)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 JULY 2023

The members present their report with the financial statements of the LLP for the year ended 31 July 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of a rental property and furnished holiday lets partnership.

DESIGNATED MEMBERS
The designated members during the year under review were:

L Friend
Mrs M Friend

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £457 (2022 - £3,060 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





L Friend - Designated member


30 January 2024

BAILUM PROPERTIES LLP (REGISTERED NUMBER: OC438240)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2023

PERIOD
8/7/21
YEAR ENDED TO
31/7/23 31/7/22
£    £   

TURNOVER - -

Administrative expenses (457 ) (3,060 )
OPERATING LOSS and
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




(457




)




(3,060




)

BAILUM PROPERTIES LLP (REGISTERED NUMBER: OC438240)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1,777 1,815
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,777

1,815

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

1,777

1,815

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 1,777 1,815
Amounts due from members 4 (1,759 ) (1,530 )
18 285

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 July 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 30 January 2024 and were signed by:





L Friend - Designated member

BAILUM PROPERTIES LLP (REGISTERED NUMBER: OC438240)

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

1. STATUTORY INFORMATION

Bailum Properties 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.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts due from members 1,759 1,530
Sundry debtors 18 285
1,777 1,815

5. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 1,777 1,815

Falling due within one year 1,777 1,815

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.