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REGISTERED NUMBER: OC420202 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

HLA PROPERTIES LLP

HLA PROPERTIES LLP (REGISTERED NUMBER: OC420202)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HLA PROPERTIES LLP

General Information
for the year ended 31 October 2023







Designated members: Mr L Agathocleous
Mrs H Agathocleous





Registered office: 3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





Registered number: OC420202 (England and Wales)





Accountants: Haines Watts North London LLP
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

HLA PROPERTIES LLP (REGISTERED NUMBER: OC420202)

Balance Sheet
31 October 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,873 6,356
Investment property 5 3,603,670 3,603,670
3,605,543 3,610,026

Current assets
Debtors 6 - 768
Cash at bank 185,262 202,916
185,262 203,684
Creditors
Amounts falling due within one year 7 13,050 12,050
Net current assets 172,212 191,634
Total assets less current liabilities 3,777,755 3,801,660

Creditors
Amounts falling due after more than one year 8 2,732,995 2,742,568
Net assets attributable to members 1,044,760 1,059,092

Loans and other debts due to members 10 1,044,760 1,059,092

Total members' interests
Loans and other debts due to members 10 1,044,760 1,059,092

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 October 2023.

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.

HLA PROPERTIES LLP (REGISTERED NUMBER: OC420202)

Balance Sheet - continued
31 October 2023


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 29 May 2024 and were signed by:





Mr L Agathocleous - Designated member

HLA PROPERTIES LLP (REGISTERED NUMBER: OC420202)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

HLA Properties 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employee information

The average number of employees during the year was 2 (2022 - 2 ) .

HLA PROPERTIES LLP (REGISTERED NUMBER: OC420202)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 November 2022 9,148 4,992 14,140
Disposals (9,148 ) - (9,148 )
At 31 October 2023 - 4,992 4,992
Depreciation
At 1 November 2022 5,289 2,495 7,784
Charge for year - 624 624
Eliminated on disposal (5,289 ) - (5,289 )
At 31 October 2023 - 3,119 3,119
Net book value
At 31 October 2023 - 1,873 1,873
At 31 October 2022 3,859 2,497 6,356

5. Investment property
Total
£
Fair value
At 1 November 2022
and 31 October 2023 3,603,670
Net book value
At 31 October 2023 3,603,670
At 31 October 2022 3,603,670

The investment properties were valued on an open market basis on 31 October 2023 by the LLP's partners.

6. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors - 768

7. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 13,050 12,050

HLA PROPERTIES LLP (REGISTERED NUMBER: OC420202)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 2,706,561 2,706,561
Other creditors 26,434 36,007
2,732,995 2,742,568

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,706,561 2,706,561

Bank loans are secured by legal charges over the LLP's assets and undertaking.

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 2,706,561 2,706,561

Bank loans are secured by legal charges over the LLP's assets and undertaking.

10. Loans and other debts due to members

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.