REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 5 April 2024 |
for |
COBALT (CHISLEHURST) LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 5 April 2024 |
for |
COBALT (CHISLEHURST) LLP |
COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964) |
Contents of the Financial Statements |
for the Year Ended 5 April 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
COBALT (CHISLEHURST) LLP |
General Information |
for the Year Ended 5 April 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Brook Court |
Blakeney Road |
Beckenham |
Kent |
BR3 1HG |
COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964) |
Balance Sheet |
5 April 2024 |
5.4.24 | 5.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,297,232 |
1,258,303 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
1,297,232 |
1,258,303 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 1,297,232 | 1,258,303 |
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. |
COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964) |
Balance Sheet - continued |
5 April 2024 |
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 |
COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964) |
Notes to the Financial Statements |
for the Year Ended 5 April 2024 |
1. | STATUTORY INFORMATION |
Cobalt (Chislehurst) 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 |
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. |
Revenue recognition |
Income consists of rents receivable. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 6 April 2023 |
and 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
Fair value at 5 April 2024 is represented by: |
£ |
Valuation in 2024 | 674,328 |
Cost | 1,825,672 |
2,500,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
5.4.24 | 5.4.23 |
£ | £ |
Cost | 1,825,672 | 1,825,672 |
Investment property was valued on an open market basis on 5 April 2024 by the members . |
COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.24 | 5.4.23 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.24 | 5.4.23 |
£ | £ |
Bank loans and overdrafts (see note 8) |
Trade creditors |
Other creditors |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
5.4.24 | 5.4.23 |
£ | £ |
Bank loans (see note 8) |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | - | 1,130,000 |
8. | LOANS |
An analysis of the maturity of loans is given below: |
5.4.24 | 5.4.23 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans - less than 1 yr |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | - | 1,130,000 |
COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2024 |
8. | LOANS - continued |
The bank loan is repayable on 2nd July 2027. |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
5.4.24 | 5.4.23 |
£ | £ |
Bank loans |
The bank loan is secured on a fixed and floating charge over the businesses freehold assets and all other assets. |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
The members loans and other debts rank for payment after all other creditors and loans have been repaid. |