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REGISTERED NUMBER: OC422042 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Arthousing Family Partnership LLP

Arthousing Family Partnership LLP (Registered number: OC422042)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arthousing Family Partnership LLP

General Information
for the Year Ended 31st March 2023







DESIGNATED MEMBERS: Arthousing Family Holdings Ltd
T Kirwan
Executor of N Kirwan





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
Co. Durham
TS23 4EA





REGISTERED NUMBER: OC422042 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Arthousing Family Partnership LLP (Registered number: OC422042)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,675,830 23,755,000

CURRENT ASSETS
Cash at bank 24,252 45,491

CREDITORS
Amounts falling due within one year 5 (19,686 ) (19,500 )
NET CURRENT ASSETS 4,566 25,991
TOTAL ASSETS LESS CURRENT LIABILITIES 24,680,396 23,780,991

CREDITORS
Amounts falling due after more than one
year

6

(13,270,568

)

(12,398,801

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 11,409,828 11,382,190

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

11,409,828

11,382,190

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 11,409,828 11,382,190

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 31st 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.

Arthousing Family Partnership LLP (Registered number: OC422042)

Balance Sheet - continued
31st 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 6th March 2024 and were signed by:





T Kirwan - Designated member

Arthousing Family Partnership LLP (Registered number: OC422042)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Arthousing Family Partnership 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - in accordance with the property

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1st April 2022 23,755,000
Additions 820,830
Revaluations 100,000
At 31st March 2023 24,675,830
NET BOOK VALUE
At 31st March 2023 24,675,830
At 31st March 2022 23,755,000

Arthousing Family Partnership LLP (Registered number: OC422042)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st March 2023 is represented by:

Land and
buildings
£   
Valuation in 2021 600,000
Valuation in 2022 100,000
Cost 23,975,830
24,675,830

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,686 19,500

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 53,504 73,375
Other creditors 13,217,064 12,325,426
13,270,568 12,398,801

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 13,217,063 12,325,427

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.