Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-292023-10-2927837722783772The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0No description of principal activity2022-10-310falsetruetruefalse OC336933 2022-10-31 2023-10-29 OC336933 2021-11-01 2022-10-30 OC336933 2023-10-29 OC336933 2022-10-30 OC336933 c:FreeholdInvestmentProperty 2023-10-29 OC336933 c:FreeholdInvestmentProperty 2022-10-30 OC336933 c:LeaseholdInvestmentProperty 2023-10-29 OC336933 c:LeaseholdInvestmentProperty 2022-10-30 OC336933 c:CurrentFinancialInstruments 2023-10-29 OC336933 c:CurrentFinancialInstruments 2022-10-30 OC336933 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-29 OC336933 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-30 OC336933 d:FRS102 2022-10-31 2023-10-29 OC336933 d:AuditExempt-NoAccountantsReport 2022-10-31 2023-10-29 OC336933 d:FullAccounts 2022-10-31 2023-10-29 OC336933 d:LimitedLiabilityPartnershipLLP 2022-10-31 2023-10-29 OC336933 d:PartnerLLP2 2022-10-31 2023-10-29 OC336933 e:PoundSterling 2022-10-31 2023-10-29 iso4217:GBP xbrli:pure

Registered number: OC336933









MA & NJ GEORGEVIC LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 OCTOBER 2023

 
MA & NJ GEORGEVIC LLP
REGISTERED NUMBER: OC336933

STATEMENT OF FINANCIAL POSITION
AS AT 29 OCTOBER 2023

29 October
30 October
2023
2022
Note
£
£

Fixed assets
  

Investment property
 5 
1,391,886
1,391,886

  

Creditors: Amounts falling due within one year
 6 
(1,500)
(1,500)

Net assets
  
1,390,386
1,390,386


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
1,390,386
1,390,386


Total members' interests
  

Loans and other debts due to members
 7 
1,390,386
1,390,386

  
1,390,386
1,390,386


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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 23 July 2024.



A M Georgevic
Designated member

The notes on pages 4 to 6 form part of these financial statements.

MA & NJ Georgevic LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.
Page 1

 
MA & NJ GEORGEVIC LLP
REGISTERED NUMBER: OC336933
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 OCTOBER 2023


Page 2

 
MA & NJ GEORGEVIC LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 29 OCTOBER 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Amounts due to members 

1,390,386
1,390,386


Balance at 31 October 2021 
-
-
1,390,386
1,390,386
1,390,386

Profit for the period available for discretionary division among members
 
178,500
178,500
-
-
178,500

Members' interests after profit for the period
178,500
178,500
1,390,386
1,390,386
1,568,886

Other division of profits
(178,500)
(178,500)
178,500
178,500
-

Drawings on account and distribution of profit
 
-
-
(178,500)
(178,500)
(178,500)

Amounts due to members
 


1,390,386
1,390,386


Balance at 30 October 2022
-
-
1,390,386
1,390,386
1,390,386

Profit for the period available for discretionary division among members
 
178,500
178,500
-
-
178,500

Members' interests after profit for the period
178,500
178,500
1,390,386
1,390,386
1,568,886

Other division of profits
(178,500)
(178,500)
178,500
178,500
-

Drawings on account and distribution of profit
 
-
-
(178,500)
(178,500)
(178,500)

Amounts due to members
 


1,390,386
1,390,386


Balance at 29 October 2023 
-
-
1,390,386
1,390,386
1,390,386

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
MA & NJ GEORGEVIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2023

1.


General information

MA & NJ Georgevic LLP is a limited liability partnership incorporated in England. The address of the registered office is Scrivens House, 60 Islington Row Middleway, Edgbaston, Birmingham, B15 1PH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentational currency is GBP, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable.
Rental income
Investment properties are leased to tenants. The rental income receivable under these leases is recognised through profit or loss on a straight-line basis over the term of the lease. Any rental income received relating to a future period is deferred.

 
2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits discretionarily. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' in the Statement of Comprehensive Income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
MA & NJ GEORGEVIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2023

2.Accounting policies (continued)

  
2.6

 Accounting dates

Accounts are drawn up for periods of 52 weeks (and where necessary 53 weeks) ending on the last Sunday in October


3.


Employees




The entity has no employees.


4.


Information in relation to members

29 October
30 October
2023
2022
The average number of members during the period

2

2
 


5.


Investment property





Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 30 October 2022
140,000
1,251,886
1,391,886



At 29 October 2023
140,000
1,251,886
1,391,886

The 2023 valuations were made by the members, on an open market value for existing use basis.





6.


Creditors: Amounts falling due within one year

29 October
30 October
2023
2022
£
£

Other creditors
1,500
1,500


Page 5

 
MA & NJ GEORGEVIC LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2023

7.


Loans and other debts due to members


29 October
30 October
2023
2022
£
£



Other amounts due to members
1,390,386
1,390,386

Loans and other debts due to members may be further analysed as follows:

29 October
30 October
2023
2022
£
£



Falling due within one year
1,390,386
1,390,386

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


8.


Related party transactions

Turnover includes rental income of £180,000 (2022: £180,000) received from Scrivens Limited. A M and K R Georgevic are directors of Scrivens Limited.

 
Page 6