REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2023 to 31 March 2024 |
for |
Alexandria Properties LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2023 to 31 March 2024 |
for |
Alexandria Properties LLP |
Alexandria Properties LLP (Registered number: OC329380) |
Contents of the Financial Statements |
for the Period 1 January 2023 to 31 March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Alexandria Properties LLP |
General Information |
for the Period 1 January 2023 to 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Suite B, Blackdown House |
Blackbrook Park Avenue |
Taunton |
Somerset |
TA1 2PX |
Alexandria Properties LLP (Registered number: OC329380) |
Balance Sheet |
31 March 2024 |
2024 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
692,849 |
1,095,969 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
31,083 |
24,077 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 661,766 | 1,071,892 |
692,849 | 1,095,969 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 31,083 | 24,077 |
Members' other interests | 661,766 | 1,071,892 |
692,849 | 1,095,969 |
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. |
Alexandria Properties LLP (Registered number: OC329380) |
Balance Sheet - continued |
31 March 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 |
Alexandria Properties LLP (Registered number: OC329380) |
Notes to the Financial Statements |
for the Period 1 January 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Alexandria Properties LLP is registered in England and Wales. 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 |
Turnover |
Turnover represents net invoiced unit rental and sales of goods, excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Freehold properties are initially recognised at cost and subsequently carried at fair value. Changes in fair values are recognised in the capital account. |
The properties are subject to renovations or improvements at regular intervals. The cost of major renovations and improvements are capitalised and the carrying amounts of the replaced components are recognised in the profit and loss. The cost of maintenance, repairs and minor improvements is recognised in the profit and loss when incurred. |
On disposal of a property, the difference between the disposal proceeds and the carrying amount is recognised in the profit or loss account. |
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. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 January 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 January 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 December 2022 |
Alexandria Properties LLP (Registered number: OC329380) |
Notes to the Financial Statements - continued |
for the Period 1 January 2023 to 31 March 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31 March 2024 is represented by: |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2013 | (85,414 | ) | - | (85,414 | ) |
Valuation in 2016 | 200,000 | - | 200,000 |
Valuation in 2017 | 228,369 | - | 228,369 |
Valuation in 2019 | 20,061 | - | 20,061 |
Valuation in 2020 | 29,939 | - | 29,939 |
Cost | 1,959,284 | 168,707 | 2,127,991 |
2,352,239 | 168,707 | 2,520,946 |
The historical cost of all freehold property is £1,959,284 including land of £21,968 with nil accumulated depreciation to 31 March 2024. The business park was last revalued on 30 October 2018 by Symonds & Sampson LLP as a fully trading operational entity at £1.55 million.There are also separate properties held at purchase and improvements cost of £802,239. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Trade debtors |
Other debtors | 526,266 | 637,809 |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
VAT | 27,383 | 30,052 |
Other creditors |
Deferred income |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2022 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 1,039,780 | 1,244,309 |
Alexandria Properties LLP (Registered number: OC329380) |
Notes to the Financial Statements - continued |
for the Period 1 January 2023 to 31 March 2024 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2022 |
£ | £ |
Bank loans |
The Bank Loans excluding the Bounce Back loan of £45,311 (2022: £50,000) are secured on the premises and are subject to a cross guarantee and right of set off with the companies J28 Self Storage Ltd and K & M Developments South West Ltd which are part owned by the members of the LLP. |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2024 | 2022 |
£ | £ |
Amounts owed to members in respect of profits | 31,083 | 24,077 |
Falling due within one year | 31,083 | 24,077 |
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
10. | RELATED PARTY DISCLOSURES |
J28 Self Storage Ltd |
A company part owned by members of the LLP. |
The LLP rents one of its units to this company at an annual rent of £65,000 expiring in 2025. |
The LLP was charged £30,000 in management charges by the company during the period (2022: £24,000). |
There are balances of £575,340 due from the company at the year end (2022: £660,385). |
K&M Developments South West Ltd |
A company part owned by members of the LLP. |
There are balances of £27,165 due from the company at the year end (2022: £28,480). |
11. | ULTIMATE CONTROLLING PARTY |
The LLP was controlled throughout the current period by its designated member, Mr D Kohlman. |