Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activityfalse02023-04-010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC402857 2023-04-01 2024-03-31 OC402857 2022-04-01 2023-03-31 OC402857 2024-03-31 OC402857 2023-03-31 OC402857 c:FreeholdInvestmentProperty 2024-03-31 OC402857 c:FreeholdInvestmentProperty 2023-03-31 OC402857 c:CurrentFinancialInstruments 2024-03-31 OC402857 c:CurrentFinancialInstruments 2023-03-31 OC402857 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC402857 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC402857 d:FRS102 2023-04-01 2024-03-31 OC402857 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC402857 d:FullAccounts 2023-04-01 2024-03-31 OC402857 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC402857 2 2023-04-01 2024-03-31 OC402857 d:PartnerLLP1 2023-04-01 2024-03-31 OC402857 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC402857 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC402857 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC402857 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC402857 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC402857









BNCR PROPERTIES LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BNCR PROPERTIES LLP
REGISTERED NUMBER: OC402857

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
12,216,273
12,216,273

  
12,216,273
12,216,273

Current assets
  

Debtors: amounts falling due within one year
 5 
433,074
642,922

Cash at bank and in hand
 6 
394,380
361,690

  
827,454
1,004,612

Creditors: Amounts Falling Due Within One Year
 7 
(670,245)
(865,017)

Net current assets
  
 
 
157,209
 
 
139,595

Total assets less current liabilities
  
12,373,482
12,355,868

  

Net assets
  
12,373,482
12,355,868


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
(81,990)
(99,604)

  
(81,990)
(99,604)

Members' other interests
  

Members' capital classified as equity
  
12,455,472
12,455,472

  
 
12,455,472
 
12,455,472

  
12,373,482
12,355,868


Total members' interests
  

Loans and other debts due to members
 8 
(81,990)
(99,604)

Members' other interests
  
12,455,472
12,455,472

  
12,373,482
12,355,868


Page 1

 
BNCR PROPERTIES LLP
REGISTERED NUMBER: OC402857
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 19 August 2024.




................................................
Neville Newman
Designated member

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BNCR PROPERTIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

BNCR Properties LLP is a limited liability partnership incorporated in England. The registered office is 101 New Cavendish Street, London, W1W 6XH. 
The financial statements are presented in Sterling, which is the functional currency of the LLP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
BNCR PROPERTIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The entity has no employees.


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
12,216,273



At 31 March 2024
12,216,273

The 2024 valuations were made by the members, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Other debtors
407,810
619,606

Prepayments and accrued income
25,264
23,316
Page 4

 
BNCR PROPERTIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.Debtors (continued)


433,074
642,922



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
394,380
361,690

394,380
361,690



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
455,019
675,305

Trade creditors
18,000
-

Accruals and deferred income
197,226
189,712

670,245
865,017



8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
(81,990)
(99,604)

(81,990)
(99,604)



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

 
Page 5