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REGISTERED NUMBER: OC430287 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

POTOK INVESTMENTS LLP

POTOK INVESTMENTS LLP (REGISTERED NUMBER: OC430287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POTOK INVESTMENTS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mr C J Bedward
Miss A I Prus





REGISTERED OFFICE: Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF





REGISTERED NUMBER: OC430287 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

POTOK INVESTMENTS LLP (REGISTERED NUMBER: OC430287)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,699 999
Investments 5 - 1,666,941
Investment property 6 4,450,000 4,912,500
4,451,699 6,580,440

CURRENT ASSETS
Debtors 7 174,023 213,772
Cash at bank 14,052 37,076
188,075 250,848
CREDITORS
Amounts falling due within one year 8 37,865 27,319
NET CURRENT ASSETS 150,210 223,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,601,909

6,803,969

CREDITORS
Amounts falling due after more than one
year

9

2,094,088

2,103,951
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,507,821

4,700,018

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

2,697

40,453

MEMBERS' OTHER INTERESTS
Capital accounts 2,505,124 4,659,565
2,507,821 4,700,018

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 2,697 40,453
Members' other interests 2,505,124 4,659,565
2,507,821 4,700,018

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 March 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.

POTOK INVESTMENTS LLP (REGISTERED NUMBER: OC430287)

BALANCE SHEET - continued
31 MARCH 2024


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 22 August 2024 and were signed by:





Mr C J Bedward - Designated member

POTOK INVESTMENTS LLP (REGISTERED NUMBER: OC430287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Potok Investments 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
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.

Preparation of consolidated financial statements
The financial statements contain information about Potok Investments LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rental income
Rental income is recognised when it is probable that the economic benefit associated with the transaction will flow to the company and the amount of revenue can be measured reliably

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 2,410
Additions 1,698
At 31 March 2024 4,108
DEPRECIATION
At 1 April 2023 1,411
Charge for year 998
At 31 March 2024 2,409
NET BOOK VALUE
At 31 March 2024 1,699
At 31 March 2023 999

POTOK INVESTMENTS LLP (REGISTERED NUMBER: OC430287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2023 1,666,941
Disposals (1,666,941 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,666,941

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 4,912,500
Revaluations (462,500 )
At 31 March 2024 4,450,000
NET BOOK VALUE
At 31 March 2024 4,450,000
At 31 March 2023 4,912,500

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 480,000
Valuation in 2023 598,028
Valuation in 2024 (462,500 )
Cost 3,834,472
4,450,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,834,471 3,834,471

Investment properties were valued on an open market basis on 31 March 2024 by the partners .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 174,023 213,772

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 37,865 27,319

POTOK INVESTMENTS LLP (REGISTERED NUMBER: OC430287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 2,094,088 2,103,951

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 2,050,242 2,061,907

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Each member shall be entitled to be paid by the LLP the balance of his actual share of any profits showing in the accounts for any accounting year at any time.

11. RELATED PARTY DISCLOSURES

£174,023 (2023:£213,772) is owed from a limited liability partnership under the control of Mr C Bedward.