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REGISTERED NUMBER: OC312314 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

IL Cerro LLP

IL Cerro LLP (Registered number: OC312314)






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


IL Cerro LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mr D E Blain
Mrs J A V Jackson-Stops





REGISTERED OFFICE: 63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ





REGISTERED NUMBER: OC312314 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

IL Cerro LLP (Registered number: OC312314)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 572,260 572,260
572,260 572,260

CURRENT ASSETS
Cash at bank 5,712 17,821

CREDITORS
Amounts falling due within one year 6 2,888 16,465
NET CURRENT ASSETS 2,824 1,356
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

575,084

573,616

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

575,084

573,616

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 575,084 573,616

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.

IL Cerro LLP (Registered number: OC312314)

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 9 August 2024 and were signed by:





Mrs J A V Jackson-Stops - Designated member

IL Cerro LLP (Registered number: OC312314)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

IL Cerro 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost

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. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023
and 31 March 2024 4,683
DEPRECIATION
At 1 April 2023
and 31 March 2024 4,683
NET BOOK VALUE
At 31 March 2024 -

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023
and 31 March 2024 572,260
NET BOOK VALUE
At 31 March 2024 572,260
At 31 March 2023 572,260

IL Cerro LLP (Registered number: OC312314)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 1,713 5,540
Other creditors 1,175 10,925
2,888 16,465

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts in loans and other debtors due to members is ranked after other creditors where appropriate.