REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 17 APRIL 2023 TO 31 MARCH 2024 |
FOR |
BROADHURST GARDENS LLP |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 17 APRIL 2023 TO 31 MARCH 2024 |
FOR |
BROADHURST GARDENS LLP |
BROADHURST GARDENS LLP (REGISTERED NUMBER: OC446928) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 17 APRIL 2023 TO 31 MARCH 2024 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
BROADHURST GARDENS LLP |
GENERAL INFORMATION |
FOR THE PERIOD 17 APRIL 2023 TO 31 MARCH 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
869 High Road |
London |
N12 8QA |
BROADHURST GARDENS LLP (REGISTERED NUMBER: OC446928) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 154,880 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
154,880 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 154,880 |
Amounts due from members | 5 | (34 | ) |
154,846 |
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. |
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 |
BROADHURST GARDENS LLP (REGISTERED NUMBER: OC446928) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 17 APRIL 2023 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Broadhurst Gardens 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 |
Turnover |
Turnover represents rent receivable. |
Investment property |
Investment properties are carried at fair values. Revaluation surpluses are recognised in the statement of income. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciationis provided in respect of investment properties. |
The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The partners considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL. |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
Fair value at 31 March 2024 is represented by: |
£ |
Valuation in 2024 | 486,000 |
If the investment property had not been revalued it would have been included at the following historical cost: |
£ |
Cost | 486,000 |
The investment property was valued on a fair value basis on 31 March 2024 by the members of the LLP . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
BROADHURST GARDENS LLP (REGISTERED NUMBER: OC446928) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 17 APRIL 2023 TO 31 MARCH 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans due in more than |
five years |