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REGISTERED NUMBER: OC439701 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Hout Bay LLP

Hout Bay LLP (Registered number: OC439701)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hout Bay LLP

General Information
for the Year Ended 31 October 2023







DESIGNATED MEMBERS: Mrs S M Frost
G L Frost





REGISTERED OFFICE: 7 Bell Yard
London
WC2A 2RJ





REGISTERED NUMBER: OC439701 (England and Wales)





ACCOUNTANTS: Iden Business Services Limited
2 Garden Close
Staplehurst
Kent
TN12 0EW

Hout Bay LLP (Registered number: OC439701)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,463,191 465,234

CURRENT ASSETS
Debtors 5 138,117 87,056
Cash at bank 248 6,001
138,365 93,057
CREDITORS
Amounts falling due within one year 6 1,151,556 108,291
NET CURRENT LIABILITIES (1,013,191 ) (15,234 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

450,000

450,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 450,000 450,000
450,000 450,000

TOTAL MEMBERS' INTERESTS
Members' other interests 450,000 450,000
Amounts due from members 5 (127,490 ) (69,760 )
322,510 380,240

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 October 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.

Hout Bay LLP (Registered number: OC439701)

Balance Sheet - continued
31 October 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 31 July 2024 and were signed by:




G L Frost - Designated member




Mrs S M Frost - Designated member


Hout Bay LLP (Registered number: OC439701)

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

1. STATUTORY INFORMATION

Hout Bay 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.

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.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 465,234
Additions 997,957
At 31 October 2023 1,463,191
NET BOOK VALUE
At 31 October 2023 1,463,191
At 31 October 2022 465,234

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 138,117 87,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 1,151,556 108,291

7. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 1,151,556 108,291

The bank loan is secured by a fixed and floating charge over the assets of the partnership.