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REGISTERED NUMBER: SO303495 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

SHIELDS RETAIL CENTRE LLP

SHIELDS RETAIL CENTRE LLP (REGISTERED NUMBER: SO303495)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHIELDS RETAIL CENTRE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DESIGNATED MEMBERS: A Mobarik
U Mobarik





REGISTERED OFFICE: 55 Jordanvale Avenue
Glasgow
G14 0QP





REGISTERED NUMBER: SO303495 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

SHIELDS RETAIL CENTRE LLP (REGISTERED NUMBER: SO303495)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 289,048 289,048

CURRENT ASSETS
Debtors 5 33,250 22,850
Cash at bank and in hand 229,298 199,213
262,548 222,063
CREDITORS
Amounts falling due within one year 6 4,847 11,673
NET CURRENT ASSETS 257,701 210,390
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

546,749

499,438

LOANS AND OTHER DEBTS DUE TO
MEMBERS

546,749

499,438

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 546,749 499,438

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 August 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.

SHIELDS RETAIL CENTRE LLP (REGISTERED NUMBER: SO303495)

BALANCE SHEET - continued
31 AUGUST 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 30 August 2024 and were signed by:





A Mobarik - Designated member

SHIELDS RETAIL CENTRE LLP (REGISTERED NUMBER: SO303495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Shields Retail Centre 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.

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 September 2022
and 31 August 2023 289,048
NET BOOK VALUE
At 31 August 2023 289,048
At 31 August 2022 289,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,250 22,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 4,847 11,673