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REGISTERED NUMBER: OC439199 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2023 TO 31 MARCH 2023

FOR

HILLTOP PROPERTY VENTURES LLP

HILLTOP PROPERTY VENTURES LLP (REGISTERED NUMBER: OC439199)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2023










Page

General Information 1

Report of the Members 2

Abridged Income Statement 3

Abridged Balance Sheet 4

Notes to the Financial Statements 6


HILLTOP PROPERTY VENTURES LLP

GENERAL INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2023







DESIGNATED MEMBERS: Mr R R Graham
Mr A T L Robinson





REGISTERED OFFICE: Abbey Lodge
14 Abbey Road
Llandudno
United Kingdom
LL30 2EA





REGISTERED NUMBER: OC439199 (England and Wales)





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

HILLTOP PROPERTY VENTURES LLP (REGISTERED NUMBER: OC439199)

REPORT OF THE MEMBERS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2023


The members present their report with the financial statements of the LLP for the period 1 January 2023 to 31 March 2023.

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

Mr R R Graham
Mr A T L Robinson

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £1,045 (2022 - £35,326 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mr A T L Robinson - Designated member


29 March 2024

HILLTOP PROPERTY VENTURES LLP (REGISTERED NUMBER: OC439199)

ABRIDGED INCOME STATEMENT
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2023

Period Period
1.1.23 17.9.21
to to
31.3.23 31.12.22
Notes £    £   

GROSS PROFIT 10,350 26,721

Administrative expenses 7,196 56,839
OPERATING PROFIT/(LOSS) 3,154 (30,118 )


Interest payable and similar expenses 2,109 5,208
PROFIT/(LOSS) FOR THE FINANCIAL
PERIOD BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES



1,045



(35,326



)

PROFIT/(LOSS) FOR THE FINANCIAL
PERIOD BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES



1,045



(35,326



)

Members' remuneration charged as an
expense

4

(1,045

)

35,326
PROFIT FOR THE FINANCIAL PERIOD
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

HILLTOP PROPERTY VENTURES LLP (REGISTERED NUMBER: OC439199)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,319,632 1,284,001

CURRENT ASSETS
Debtors 24,906 24,913
Cash at bank 1,806 6,071
26,712 30,984
CREDITORS
Amounts falling due within one year 99,777 110,780
NET CURRENT LIABILITIES (73,065 ) (79,796 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,246,567

1,204,205

CREDITORS
Amounts falling due after more than one
year

55,540

56,974
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,191,027

1,147,231

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

1,191,027

1,147,231

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 1,191,027 1,147,231

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.

HILLTOP PROPERTY VENTURES LLP (REGISTERED NUMBER: OC439199)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2023 in accordance with Section 444(2A) 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 financial statements were approved by the members of the LLP and authorised for issue on 29 March 2024 and were signed by:





Mr A T L Robinson - Designated member

HILLTOP PROPERTY VENTURES LLP (REGISTERED NUMBER: OC439199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2023


1. STATUTORY INFORMATION

Hilltop Property Ventures 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.
Plant and machinery etc - 20% on reducing balance

Depreciation is not provided for in the year of acquisition.

3. EMPLOYEE INFORMATION

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

4. INFORMATION IN RELATION TO MEMBERS
Period Period
1.1.23 17.9.21
to to
31.3.23 31.12.22
£    £   
Members' remuneration charged as an expense
Automatic division of profit/(loss) 1,045 (35,326 )

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,284,001
Additions 35,631
At 31 March 2023 1,319,632
NET BOOK VALUE
At 31 March 2023 1,319,632
At 31 December 2022 1,284,001

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with unsecured creditors.