Registered No. OC332681 (England and Wales)
XP PROPERTIES LLP
Unaudited accounts
for the year ended 31 December 2023
XP PROPERTIES LLP
LLP Information
for the year ended 31 December 2023
Designated members
Stipenda Ireland Ltd
Registered Number
OC332681 (England and Wales)
Registered Office
XP House One Tournament Court
Warwick
CV34 6LG
XP PROPERTIES LLP
Statement of financial position
as at 31 December 2023
Tangible assets
295,722
295,722
Cash at bank and in hand
33,870
8,117
Creditors: amounts falling due within one year
(93,703)
(84,105)
Net current liabilities
(54,593)
(70,748)
Net assets attributable to members
241,129
224,974
Loans and other debts due to members
46,204
46,204
Members' capital classified as equity
100,000
100,000
Other reserves
94,925
78,770
Loans and other debts due to members
46,204
46,204
Members' other interests
194,925
178,770
For the year ending 31 December 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 31 July 2024.
Solomon Williams
Designated member
Limited Liability Partnership Registration No. OC332681
XP PROPERTIES LLP
Notes to the Accounts
for the year ended 31 December 2023
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
XP PROPERTIES LLP is a limited liability partnership, incorporated in England and Wales, registration number OC332681. Its registered office is XP House One Tournament Court, Warwick, CV34 6LG.
3
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
295,722
141,871
437,593
At 31 December 2023
295,722
141,871
437,593
At 1 January 2023
-
141,871
141,871
At 31 December 2023
-
141,871
141,871
At 31 December 2023
295,722
-
295,722
At 31 December 2022
295,722
-
295,722
4
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
(325)
(325)
Trade creditors
41,045
39,044
Taxes and social security costs
(3,824)
541
Other creditors
(3,854)
(3,816)
XP PROPERTIES LLP
Notes to the Accounts
for the year ended 31 December 2023
5
Loans and other debts due to members
2023
2022
Amounts due to members in respect of profits
46,204
46,204
Amounts falling due within one year
46,204
46,204
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).