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REGISTERED NUMBER: OC329380 (England and Wales)




















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: D P Kohlman
Mrs J M Madsen





REGISTERED OFFICE: Suite B
Blackdown House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX





REGISTERED NUMBER: OC329380 (England and Wales)





ACCOUNTANTS: Monahans
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 2,364,298 2,373,225

CURRENT ASSETS
Debtors 5 681,815 802,978
Cash at bank and in hand 19,437 16,517
701,252 819,495
CREDITORS
Amounts falling due within one year 6 732,818 284,391
NET CURRENT (LIABILITIES)/ASSETS (31,566 ) 535,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,332,732

2,908,329

CREDITORS
Amounts falling due after more than one
year

7

1,639,883

1,812,360
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 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 period 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.

Alexandria Properties LLP (Registered number: OC329380)

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 9 September 2024 and were signed by:




D P Kohlman - Designated member




Mrs J M Madsen - Designated member


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
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 net invoiced unit rental and sales of goods, excluding value added tax.

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 - 15% on straight line basis

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 2,352,239 168,707 2,520,946
DEPRECIATION
At 1 January 2023 - 147,721 147,721
Charge for period - 8,927 8,927
At 31 March 2024 - 156,648 156,648
NET BOOK VALUE
At 31 March 2024 2,352,239 12,059 2,364,298
At 31 December 2022 2,352,239 20,986 2,373,225

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 141,217 153,086
Other debtors 526,266 637,809
Prepayments and accrued income 14,332 12,083
681,815 802,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 150,026 102,128
Trade creditors 80,945 63,437
VAT 27,383 30,052
Other creditors 391,911 15,555
Deferred income 43,708 42,401
Accrued expenses 38,845 30,818
732,818 284,391

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Bank loans - 1-2 years 150,026 117,974
Bank loans - 2-5 years 450,077 450,077
Bank loans more 5 yr by instal 1,039,780 1,244,309
1,639,883 1,812,360

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 1,789,909 1,914,309

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.