IRIS Accounts Production v24.1.4.33 OC333537 designated member designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3335372023-03-31OC3335372024-03-31OC3335372023-04-012024-03-31OC3335372022-03-31OC3335372022-04-012023-03-31OC3335372023-03-31OC333537ns15:EnglandWales2023-04-012024-03-31OC333537ns14:PoundSterling2023-04-012024-03-31OC333537ns10:Director12023-04-012024-03-31OC333537ns10:Director22023-04-012024-03-31OC333537ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC333537ns10:SmallEntities2023-04-012024-03-31OC333537ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC333537ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC333537ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC333537ns10:FullAccounts2023-04-012024-03-31OC333537ns10:RegisteredOffice2023-04-012024-03-31OC333537ns5:CurrentFinancialInstruments2024-03-31OC333537ns5:CurrentFinancialInstruments2023-03-31














PORTCHESTER DEVELOPMENTS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






PORTCHESTER DEVELOPMENTS LLP (REGISTERED NUMBER: OC333537)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PORTCHESTER DEVELOPMENTS LLP

GENERAL INFORMATION
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Turner Properties Limited
C. G. Portchester Limited





REGISTERED OFFICE: Tudor House
185 Kenton Road
Kenton
Harrow
Middlesex
HA3 0EY





REGISTERED NUMBER: OC333537 (England and Wales)





ACCOUNTANTS: Barretts
Chartered Accountants &
Chartered Tax Advisers
22 Union Street
Newton Abbot
Devon
TQ12 2JS

PORTCHESTER DEVELOPMENTS LLP (REGISTERED NUMBER: OC333537)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 170,538 170,538

CURRENT ASSETS
Cash at bank 5,863 5,829

CREDITORS
Amounts falling due within one year 5 3,645 3,600
NET CURRENT ASSETS 2,218 2,229
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

172,756

172,767

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

171,921

159,932

MEMBERS' OTHER INTERESTS
Capital accounts 835 12,835
172,756 172,767

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 171,921 159,932
Members' other interests 835 12,835
172,756 172,767

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 2024.

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.

PORTCHESTER DEVELOPMENTS LLP (REGISTERED NUMBER: OC333537)

BALANCE SHEET - continued
31 March 2024


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 1 August 2024 and were signed by:




Turner Properties Limited - Designated member




C. G. Portchester Limited - Designated member


PORTCHESTER DEVELOPMENTS LLP (REGISTERED NUMBER: OC333537)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Portchester Developments 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.

Turnover
Turnover represents rents and service charges received from let properties.

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 (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 170,538
NET BOOK VALUE
At 31 March 2024 170,538
At 31 March 2023 170,538

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 3,000 3,000
Accruals and deferred income 645 600
3,645 3,600

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally in relation to other unsecured creditors, in the event of the winding up of the LLP.