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REGISTERED NUMBER: OC380939 (England and Wales)















CLINTON ECURIE LLP

Unaudited Financial Statements

for the period

1 January 2023 to 31 March 2024






CLINTON ECURIE LLP (REGISTERED NUMBER: OC380939)






Contents of the Financial Statements
for the period 1 January 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLINTON ECURIE LLP

General Information
for the period 1 January 2023 to 31 March 2024







DESIGNATED MEMBERS: T A Clinton
Mrs S M Clinton





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: OC380939 (England and Wales)






CLINTON ECURIE LLP (REGISTERED NUMBER: OC380939)

Balance Sheet
31 March 2024

31/3/24 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,023 4,734
Investment property 5 1,441,562 1,441,562
1,445,585 1,446,296

CURRENT ASSETS
Debtors 6 2,359 870
Cash at bank 323 26,410
2,682 27,280
CREDITORS
Amounts falling due within one year 7 183,312 170,874
NET CURRENT LIABILITIES (180,630 ) (143,594 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,264,955 1,302,702

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

418,689

456,436

MEMBERS' OTHER INTERESTS
Fair value reserve 9 846,266 846,266
1,264,955 1,302,702

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 418,689 456,436
Members' other interests 846,266 846,266
1,264,955 1,302,702

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 period 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.

CLINTON ECURIE LLP (REGISTERED NUMBER: OC380939)

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 31 July 2024 and were signed by:





T A Clinton - Designated member

CLINTON ECURIE LLP (REGISTERED NUMBER: OC380939)

Notes to the Financial Statements
for the period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Clinton Ecurie 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 as modified by the revaluation of certain assets.

As at the balance sheet date, the LLP has net current liabilities. However, included in creditors due within one year is an amount owing to companies under the control of the designated members and assurances have been given that these amounts will not be requested for repayment until such time as the LLP has sufficient funds to do so. Accordingly the designated members believe that the going concern basis of preparation is appropriate.

Significant judgements and estimates
The LLP operates as an investment property partnership. In accordance with the provisions of Financial Reporting Standard 102, the members review the fair value of the investment property at each financial year and and any gain or loss is taken to the profit and loss account. As any gain or loss on revaluation is a non-distributable item, a transfer is then made to a balance sheet fair value reserve so as to ensure that distributable and non-distributable reserve can be identified.

Turnover
Turnover represents rent receivable for the year excluding Value Added Tax.

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

Investment property
Investment property is included in the accounts at its most recent market value. No depreciation is charged which, whilst a departure from the Companies Act, is permitted by relevant accounting standards as any change to the property value is reflected on the balance sheet annually. Any deficit or surplus in the carrying value is taken to the revaluation reserve on the balance sheet.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 March 2024 5,569
DEPRECIATION
At 1 January 2023 835
Charge for period 711
At 31 March 2024 1,546
NET BOOK VALUE
At 31 March 2024 4,023
At 31 December 2022 4,734

CLINTON ECURIE LLP (REGISTERED NUMBER: OC380939)

Notes to the Financial Statements - continued
for the period 1 January 2023 to 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 March 2024 1,441,562
NET BOOK VALUE
At 31 March 2024 1,441,562
At 31 December 2022 1,441,562

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 496,266
Valuation in 2019 350,000
Cost 595,296
1,441,562

If investment property had not been revalued it would have been included at the following historical cost:

31/3/24 31/12/22
£    £   
Cost 595,296 595,296

In accordance with the provisions of Financial Reporting Standard 102 the LLP reviewed the fair value of its investment property as at the balance sheet date and with reference to data provided by an external qualified consultant in 2017. The Members do not consider the fair value to be materially different as at 31 December 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/12/22
£    £   
Trade debtors 1,429 -
Other debtors 930 870
2,359 870

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/12/22
£    £   
Trade creditors - 25,501
Other creditors 183,312 145,373
183,312 170,874

CLINTON ECURIE LLP (REGISTERED NUMBER: OC380939)

Notes to the Financial Statements - continued
for the period 1 January 2023 to 31 March 2024

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31/3/24 31/12/22
£    £   
Amounts owed to members in respect of profits 418,689 456,436

Falling due within one year 418,689 456,436

Loans and other debts due to members are unsecured, have no set date for repayment and carry no interest. Accordingly these debts are considered to rank equally with all other unsecured creditors.

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 March 2024 846,266