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REGISTERED NUMBER: SO304401 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Eskdale Properties LLP

Eskdale Properties LLP (Registered number: SO304401)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Eskdale Properties LLP

General Information
for the Year Ended 31 December 2023







DESIGNATED MEMBERS: P Grady
S E L Milner
M J O'Hanlon
Surplus Property Solutions Holdings Ltd





REGISTERED OFFICE: 1/1
15 North Claremont Street
Glasgow
G3 7NR





REGISTERED NUMBER: SO304401 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE

Eskdale Properties LLP (Registered number: SO304401)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,930,580 5,260,227

CURRENT ASSETS
Debtors 5 9,145 7,807
Cash at bank 4,701 244,261
13,846 252,068
CREDITORS
Amounts falling due within one year 6 1,878,657 1,880,674
NET CURRENT LIABILITIES (1,864,811 ) (1,628,606 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,065,769

3,631,621

CREDITORS
Amounts falling due after more than one year 7 2,493,068 2,509,655
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,572,701

1,121,966

Eskdale Properties LLP (Registered number: SO304401)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

362,012

344,550

MEMBERS' OTHER INTERESTS
Revaluation reserve 9 1,210,689 777,416
1,572,701 1,121,966

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 362,012 344,550
Members' other interests 1,210,689 777,416
1,572,701 1,121,966

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 December 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.

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 23 August 2024 and were signed by:





Surplus Property Solutions Holdings Ltd - Designated member

Eskdale Properties LLP (Registered number: SO304401)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Eskdale Properties LLP is registered in Scotland. 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.

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 (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 5,260,227
Additions 237,080
Revaluations 433,273
At 31 December 2023 5,930,580
NET BOOK VALUE
At 31 December 2023 5,930,580
At 31 December 2022 5,260,227

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 5,930,580

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,925 6,065
Other debtors 4,220 1,742
9,145 7,807

Eskdale Properties LLP (Registered number: SO304401)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 12,454 89,917
Other creditors 1,866,203 1,790,757
1,878,657 1,880,674

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 2,493,068 2,509,655

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.12.23 31.12.22
£    £   
Amounts owed to members in respect of profits 155,021 137,559
Capital account 206,991 206,991
362,012 344,550

Falling due within one year 362,012 344,550

Included in other loans are amounts due to members of Eskdale Properties LLP as follows:



2023 2022
£ £
Surplus Property Solutions Holdings Limited 848,676 798,436
Richard Goldstein 333,310 333,310
Simon Milner 166,656 166,656
Robert Bailey 124,992 124,992
Martin Malley 124,992 124,992
Ann Braidwood 34,841 34,841
Phil Grady 41,664 41,664
Mark O'Hanlon 41,664 41,664
======= =======

These loans are interest free and unsecured but are entitled to a redemption premium subject to certain conditions being met and have been discounted in accordance with FRS102.

Eskdale Properties LLP (Registered number: SO304401)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023 777,416
Additions 433,273
At 31 December 2023 1,210,689

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Eskdale Properties LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Eskdale Properties LLP for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the members of Eskdale Properties LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eskdale Properties LLP and state those matters that we have agreed to state to the members of Eskdale Properties LLP, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Eskdale Properties LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eskdale Properties LLP. You consider that Eskdale Properties LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eskdale Properties LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE


Date: .............................................