IRIS Accounts Production v23.4.0.336 OC377961 designated member designated member 1.9.22 31.8.23 31.8.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3779612022-08-31OC3779612023-08-31OC3779612022-09-012023-08-31OC3779612021-08-31OC3779612021-09-012022-08-31OC3779612022-08-31OC377961ns15:EnglandWales2022-09-012023-08-31OC377961ns14:PoundSterling2022-09-012023-08-31OC377961ns10:Director12022-09-012023-08-31OC377961ns10:Director22022-09-012023-08-31OC377961ns10:LimitedLiabilityPartnershipLLP2022-09-012023-08-31OC377961ns10:SmallEntities2022-09-012023-08-31OC377961ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-31OC377961ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-31OC377961ns10:LimitedLiabilityPartnershipsSORP2022-09-012023-08-31OC377961ns10:FullAccounts2022-09-012023-08-31OC377961ns10:RegisteredOffice2022-09-012023-08-31OC377961ns5:CurrentFinancialInstruments2023-08-31OC377961ns5:CurrentFinancialInstruments2022-08-31OC377961ns5:RevaluationReserve2023-08-31OC377961ns5:RevaluationReserve2022-08-31OC377961ns5:ComputerEquipment2022-09-012023-08-31OC377961ns5:PlantMachinery2022-08-31OC377961ns5:PlantMachinery2022-09-012023-08-31OC377961ns5:PlantMachinery2023-08-31OC377961ns5:PlantMachinery2022-08-31
REGISTERED NUMBER: OC377961 (England and Wales)















BROMLEY HAYS PROPERTY LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023






BROMLEY HAYS PROPERTY LLP (REGISTERED NUMBER: OC377961)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROMLEY HAYS PROPERTY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DESIGNATED MEMBERS: Mrs S J Crockett
Mr K A Crockett





REGISTERED OFFICE: Hilda Cottage
Schoolhouse Lane
Abbots Bromley
Rugeley
Staffordshire
WS15 3BT





REGISTERED NUMBER: OC377961 (England and Wales)





ACCOUNTANTS: Deans
Chartered Accountants
Gibson House
Hurricane Court
Hurricane Close
Stafford
ST16 1GZ

BROMLEY HAYS PROPERTY LLP (REGISTERED NUMBER: OC377961)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 50
Investment property 5 200,000 200,000
200,000 200,050

CURRENT ASSETS
Debtors 6 917 -
Cash at bank 8,662 2,592
9,579 2,592
CREDITORS
Amounts falling due within one year 7 (2,257 ) (2,209 )
NET CURRENT ASSETS 7,322 383
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 207,322 200,433

BROMLEY HAYS PROPERTY LLP (REGISTERED NUMBER: OC377961)

BALANCE SHEET - continued
31 AUGUST 2023

2023 2022
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

142,069

135,180

MEMBERS' OTHER INTERESTS
Revaluation reserve 65,253 65,253
207,322 200,433

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 142,069 135,180
Members' other interests 65,253 65,253
207,322 200,433

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 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 3 April 2024 and were signed by:




Mrs S J Crockett - Designated member



Mr K A Crockett - Designated member


BROMLEY HAYS PROPERTY LLP (REGISTERED NUMBER: OC377961)

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


1. STATUTORY INFORMATION

Bromley Hays 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. The policies adopted for the recognition of turnover are as follows:

Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

The investment property was valued at 31 August 2022 at a fair value of £200,000 by the members. In the opinion of the members the investment property is included at an amount that accords to its fair value at the balance sheet date.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

BROMLEY HAYS PROPERTY LLP (REGISTERED NUMBER: OC377961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 150
DEPRECIATION
At 1 September 2022 100
Charge for year 50
At 31 August 2023 150
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 50

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 200,000
NET BOOK VALUE
At 31 August 2023 200,000
At 31 August 2022 200,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2022 65,253
Cost 134,747
200,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 917 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 2,257 2,209

BROMLEY HAYS PROPERTY LLP (REGISTERED NUMBER: OC377961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 142,069 135,180

Falling due within one year 142,069 135,180

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.