IRIS Accounts Production v24.2.0.383 SO301659 designated member 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSO3016592022-12-31SO3016592023-12-31SO3016592023-01-012023-12-31SO3016592021-12-31SO3016592022-01-012022-12-31SO3016592022-12-31SO301659ns15:Scotland2023-01-012023-12-31SO301659ns14:PoundSterling2023-01-012023-12-31SO301659ns10:PartnerLLP12023-01-012023-12-31SO301659ns10:LimitedLiabilityPartnershipLLP2023-01-012023-12-31SO301659ns10:SmallEntities2023-01-012023-12-31SO301659ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SO301659ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SO301659ns10:LimitedLiabilityPartnershipsSORP2023-01-012023-12-31SO301659ns10:FullAccounts2023-01-012023-12-31SO301659ns10:PartnerLLP22023-01-012023-12-31SO301659ns10:RegisteredOffice2023-01-012023-12-31SO301659ns5:CurrentFinancialInstruments2023-12-31SO301659ns5:CurrentFinancialInstruments2022-12-31SO301659ns5:RevaluationReserve2023-12-31SO301659ns5:RevaluationReserve2022-12-31SO301659ns5:PlantMachinery2023-01-012023-12-31SO301659ns5:PlantMachinery2022-12-31SO301659ns5:PlantMachinery2023-12-31SO301659ns5:RevaluationReserve2022-12-31
REGISTERED NUMBER: SO301659 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STARPOINT PROPERTIES LLP

STARPOINT PROPERTIES LLP (REGISTERED NUMBER: SO301659)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STARPOINT PROPERTIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DESIGNATED MEMBERS: Mr G A Campbell
Mrs M C Campbell
Mr D Milne
Mrs E M Milne





REGISTERED OFFICE: Station House
Ladysbridge
Banff
Aberdeenshire
AB45 2DT





REGISTERED NUMBER: SO301659 (Scotland)





ACCOUNTANTS: Bain Henry Reid
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY

STARPOINT PROPERTIES LLP (REGISTERED NUMBER: SO301659)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,060,000 1,060,000
1,060,000 1,060,000

CURRENT ASSETS
Debtors 47,080 45,780
Cash at bank 15,629 16,612
62,709 62,392
CREDITORS
Amounts falling due within one year 6 2,880 1,261
NET CURRENT ASSETS 59,829 61,131
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,119,829

1,121,131

LOANS AND OTHER DEBTS DUE TO
MEMBERS

1,041,950

1,043,252

MEMBERS' OTHER INTERESTS
Revaluation reserve 7 77,879 77,879
1,119,829 1,121,131

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 1,041,950 1,043,252
Members' other interests 77,879 77,879
Amounts due from members (47,080 ) (45,780 )
1,072,749 1,075,351

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 December 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.

STARPOINT PROPERTIES LLP (REGISTERED NUMBER: SO301659)

BALANCE SHEET - continued
31 DECEMBER 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 6 September 2024 and were signed by:





Mr D Milne - Designated member

STARPOINT PROPERTIES LLP (REGISTERED NUMBER: SO301659)

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


1. STATUTORY INFORMATION

Starpoint Properties LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20-33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in reserves.

Going concern
At the time of approving the financial statements the members have a reasonable expectation that the LLP has adequate resources to continue in operation for the foreseeable future, and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 84,139
DEPRECIATION
At 1 January 2023
and 31 December 2023 84,139
NET BOOK VALUE
At 31 December 2023 -

STARPOINT PROPERTIES LLP (REGISTERED NUMBER: SO301659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,060,000
NET BOOK VALUE
At 31 December 2023 1,060,000
At 31 December 2022 1,060,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 2,880 1,261

7. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 77,879