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REGISTERED NUMBER: OC300768 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Cathedral Road Properties LLP

Accountants' Report to the Members
on the Unaudited Financial Statements of
Cathedral Road 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 Cathedral Road Properties LLP for the year ended 5 April 2024 which comprise the Profit and Loss Account, 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Cathedral Road 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 Cathedral Road Properties LLP and state those matters that we have agreed to state to the members of Cathedral Road Properties LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cathedral Road Properties LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Cathedral Road 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 Cathedral Road Properties LLP. You consider that Cathedral Road 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 Cathedral Road 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.






BPU Limited


15 August 2024

Cathedral Road Properties LLP (Registered number: OC300768)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,450,000 2,450,000

CURRENT ASSETS
Debtors 5 11,154 42,637
Cash at bank 71,139 21,757
82,293 64,394
CREDITORS
Amounts falling due within one
year

6

46,789

54,078
NET CURRENT ASSETS 35,504 10,316
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE
TO MEMBERS

2,485,504

2,460,316

LOANS AND OTHER DEBTS
DUE TO MEMBERS

7

2,461,504

2,436,316

MEMBERS' OTHER INTERESTS
Capital accounts 24,000 24,000
2,485,504 2,460,316

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

7

2,461,504

2,436,316
Members' other interests 24,000 24,000
2,485,504 2,460,316

Cathedral Road Properties LLP (Registered number: OC300768)

Balance Sheet - continued
5 April 2024


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 5 April 2024.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 15 August 2024 and were signed by:





D F Walsh - Designated member

Cathedral Road Properties LLP (Registered number: OC300768)

Notes to the Financial Statements
for the Year Ended 5 April 2024


1. STATUTORY INFORMATION

Cathedral Road Properties LLP is registered in England and Wales. The LLP's registered number is OC300768 and its registered office is Swn Y Coed, 11a Cyncoed Rise, Cyncoed, Cardiff, Wales, CF23 6SF.

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.

Turnover
Turnover represents the invoiced value of rental income, net of value added tax where appropriate.

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 7 (2023 - 7 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 2,450,000
NET BOOK VALUE
At 5 April 2024 2,450,000
At 5 April 2023 2,450,000

Cathedral Road Properties LLP (Registered number: OC300768)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


4. INVESTMENT PROPERTY - continued

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2010 84,450
Valuation in 2013 (420,000 )
Valuation in 2014 (305,000 )
Valuation in 2022 (349,148 )
Cost 3,439,698
2,450,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors - 26,596
Other debtors 11,154 16,041
11,154 42,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors (841 ) 11,510
Taxation and social security 5,996 5,304
Other creditors 41,634 37,264
46,789 54,078

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans and other debts due to members rank pari passu with other unsecured creditors in the event of a winding up of the business.