Silverfin false 31/03/2024 01/04/2023 31/03/2024 Mr R D Hooker 09/12/2008 Mr C J Kane 09/12/2008 Mr P Pressland 09/12/2008 31 July 2024 OC341961 2024-03-31 OC341961 bus:Director1 2024-03-31 OC341961 bus:Director2 2024-03-31 OC341961 bus:Director3 2024-03-31 OC341961 2023-03-31 OC341961 core:CurrentFinancialInstruments 2024-03-31 OC341961 core:CurrentFinancialInstruments 2023-03-31 OC341961 core:Non-currentFinancialInstruments 2024-03-31 OC341961 core:Non-currentFinancialInstruments 2023-03-31 OC341961 core:FurnitureFittings 2023-03-31 OC341961 core:FurnitureFittings 2024-03-31 OC341961 core:CurrentFinancialInstruments core:Secured 2024-03-31 OC341961 2023-04-01 2024-03-31 OC341961 bus:FullAccounts 2023-04-01 2024-03-31 OC341961 bus:SmallEntities 2023-04-01 2024-03-31 OC341961 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC341961 bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC341961 bus:Director1 2023-04-01 2024-03-31 OC341961 bus:Director2 2023-04-01 2024-03-31 OC341961 bus:Director3 2023-04-01 2024-03-31 OC341961 core:FurnitureFittings core:TopRangeValue 2023-04-01 2024-03-31 OC341961 2022-04-01 2023-03-31 OC341961 core:FurnitureFittings 2023-04-01 2024-03-31 OC341961 core:CurrentFinancialInstruments 2023-04-01 2024-03-31 OC341961 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: OC341961 (England and Wales)

CASCADE PROPERTY DEVELOPMENTS LLP

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

CASCADE PROPERTY DEVELOPMENTS LLP

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

CASCADE PROPERTY DEVELOPMENTS LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial year ended 31 March 2024
CASCADE PROPERTY DEVELOPMENTS LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial year ended 31 March 2024
DESIGNATED MEMBERS Mr R D Hooker
Mr C J Kane
Mr P Pressland
REGISTERED OFFICE Unit 6 Old Generator House
25 Bourne Valley Road
Poole
BH12 1DZ
United Kingdom
REGISTERED NUMBER OC341961 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Towngate House
2-8 Parkstone Road
Poole
Dorset BH15 2PW
CASCADE PROPERTY DEVELOPMENTS LLP

BALANCE SHEET

As at 31 March 2024
CASCADE PROPERTY DEVELOPMENTS LLP

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 0 2,800
Investment property 4 1,405,000 1,505,000
1,405,000 1,507,800
Current assets
Debtors 5 11,963 19,742
Cash at bank and in hand 5,938 474
17,901 20,216
Creditors: amounts falling due within one year 6 ( 46,069) ( 57,836)
Net current liabilities (28,168) (37,620)
Total assets less current liabilities 1,376,832 1,470,180
Creditors: amounts falling due after more than one year 7 ( 745,618) ( 754,041)
Net assets attributable to members 631,214 716,139
Represented by
Loans and other debts due to members after more than one year
Members' capital classified as a liability 92,898 110,898
92,898 110,898
Members' other interests
Revaluation reserve 211,158 311,158
Other reserves 327,158 294,083
538,316 605,241
631,214 716,139
Total members' interests
Loans and other debts due to members 92,898 110,898
Members' other interests 538,316 605,241
631,214 716,139

For the financial year ending 31 March 2024 the LLP 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.

Members' responsibilities:

The financial statements of Cascade Property Developments LLP (registered number: OC341961) were approved and authorised for issue by the Board of Directors on 31 July 2024. They were signed on its behalf by:

Mr C J Kane
Designated member
CASCADE PROPERTY DEVELOPMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
CASCADE PROPERTY DEVELOPMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cascade Property Developments LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Unit 6 Old Generator House, 25 Bourne Valley Road, Poole, BH12 1DZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

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

Going concern

The members have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts chargeable to tenants in respect of the LLP's investment properties.
Rent receivable is shown as other operating income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division
among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the LLP during the year 3 3

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 April 2023 14,000 14,000
At 31 March 2024 14,000 14,000
Accumulated depreciation
At 01 April 2023 11,200 11,200
Charge for the financial year 2,800 2,800
At 31 March 2024 14,000 14,000
Net book value
At 31 March 2024 0 0
At 31 March 2023 2,800 2,800

4. Investment property

Investment property
£
Valuation
As at 01 April 2023 1,505,000
Fair value movement (100,000)
As at 31 March 2024 1,405,000

Valuation

The Investment property was revalued by Symonds & Sampson Surveyors on 2nd November 2023 at its market value with the benefit of securing borrowing.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 1,193,842 1,193,842

5. Debtors

2024 2023
£ £
Trade debtors 11,963 17,856
Other debtors 0 1,886
11,963 19,742

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 12,290 8,223
Trade creditors 11,067 20,771
Accruals and deferred income 13,750 17,429
Other taxation and social security 962 3,413
Other creditors 8,000 8,000
46,069 57,836

Capital loans and other debts due to members rank behind with creditors, in accordance with the members' agreement. There are no restrictions on the members' ability to reduce the amount of members' other interests.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 745,618 754,041

Bank loans are secured against the properties to which they relate.

8. Related party transactions

Other related party transactions

2024 2023
£ £
Summary of transactions with entities with joint control or significant interest 8,399 20,344

Two partners of Cascade Property Developments LLP are also directors of Greendale Construction Limited.
During the year, there was no money paid to Greendale Construction Limited in respect of loans.
During the year, Greendale Construction Limited invoiced Cascade Property Developments LLP £1,296 for work done. At the year end the LLP owed £8,399 (2023 - £20,344) to Greendale Construction Limited.