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REGISTERED NUMBER: OC346345 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Rose Morocco Store LLP

Rose Morocco Store LLP (Registered number: OC346345)






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


Rose Morocco Store LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Mrs A S Rose
J B Rose
J E Rose





REGISTERED OFFICE: 4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF





REGISTERED NUMBER: OC346345 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Rose Morocco Store LLP (Registered number: OC346345)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,100,000 1,100,000

CURRENT ASSETS
Debtors 5 - 2,675
Cash at bank 34,132 42,489
34,132 45,164
CREDITORS
Amounts falling due within one year 6 44,382 39,561
NET CURRENT (LIABILITIES)/ASSETS (10,250 ) 5,603
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,089,750

1,105,603

LOANS AND OTHER DEBTS DUE TO
MEMBERS

530,164

546,017

MEMBERS' OTHER INTERESTS
Fair value reserve 559,586 559,586
1,089,750 1,105,603

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 530,164 546,017
Members' other interests 559,586 559,586
1,089,750 1,105,603

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.

Rose Morocco Store LLP (Registered number: OC346345)

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 6 March 2024 and were signed by:





Mrs A S Rose - Designated member

Rose Morocco Store LLP (Registered number: OC346345)

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

1. STATUTORY INFORMATION

Rose Morocco Store LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), Companies Act 2006 as applied by LLPs and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships, issued in July 2014. The financial statements have been prepared on the historical cost basis except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.

The members have considered the potential impact of the ongoing global COVID-19 pandemic on the partnership's activities and concluded that the pandemic will continue to have an impact on the partnership's income for the next twelve months, however the members are confident that the members support will allow it to withstand such an impact and carry-on for the foreseeable future. On that basis the members are satisfied that the going concern basis of preparing the financial statements is appropriate.

Turnover
Turnover represents net rents receivable, excluding value added tax.

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.

Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for investment properties, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated.

In the opinion of the member's compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or reasonably quantified.

Debtors and creditors receivable/payable with in one year
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY

The members do not consider that the market value of the investment has materially changed since the last revaluation.

Rose Morocco Store LLP (Registered number: OC346345)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2018 559,586
Cost 540,414
1,100,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 540,414 540,414

Investment property was valued on an open market basis on 31 March 2018 by the members .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors - 2,675

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 2,784
Taxation and social security 10,405 6,584
Other creditors 33,977 30,193
44,382 39,561

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A S Rose.