Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3102023-01-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC423519 2023-01-01 2023-12-31 OC423519 2022-01-01 2022-12-31 OC423519 2023-12-31 OC423519 2022-12-31 OC423519 c:CurrentFinancialInstruments 2023-12-31 OC423519 c:CurrentFinancialInstruments 2022-12-31 OC423519 c:Non-currentFinancialInstruments 2023-12-31 OC423519 c:Non-currentFinancialInstruments 2022-12-31 OC423519 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC423519 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC423519 d:FRS102 2023-01-01 2023-12-31 OC423519 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC423519 d:FullAccounts 2023-01-01 2023-12-31 OC423519 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC423519 6 2023-01-01 2023-12-31 OC423519 d:PartnerLLP1 2023-01-01 2023-12-31 OC423519 d:PartnerLLP2 2023-01-01 2023-12-31 OC423519 c:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 OC423519 c:FurtherSpecificReserve2ComponentTotalEquity 2022-12-31 OC423519 c:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 OC423519 c:FurtherSpecificReserve3ComponentTotalEquity 2022-12-31 OC423519 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC423519









MOONRAKER REAL ESTATE LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MOONRAKER REAL ESTATE LLP
 

INFORMATION




Designated Members

Create Real Estate Limited
KH IV Estate 817 Limited

LLP registered number

OC423519

Registered office

Second Floor60 Charlotte StreetLondonW1T 2NU

Accountants

Donald Reid Limited18a/20 King StreetMaidenheadBerkshireSL6 1DT


 
MOONRAKER REAL ESTATE LLP
 

CONTENTS



Page
Balance sheet
1 - 2
Reconciliation of members' interests
3
Notes to the financial statements
4 - 8


 
MOONRAKER REAL ESTATE LLP
REGISTERED NUMBER: OC423519

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
400
400

  
400
400

Current assets
  

Debtors: amounts falling due after more than one year
 5 
5,049,338
4,604,689

Cash at bank and in hand
 6 
2,902
7,341

  
5,052,240
4,612,030

Creditors: Amounts Falling Due Within One Year
 7 
(12,356)
(4,791)

Net current assets
  
 
 
5,039,884
 
 
4,607,239

Total assets less current liabilities
  
5,040,284
4,607,639

  

Net assets
  
5,040,284
4,607,639


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
4,148,489
4,148,489

Other amounts
 8 
878,508
466,858

  
5,026,997
4,615,347

Members' other interests
  

Other reserves classified as equity
  
13,287
(7,708)

  
 
13,287
 
(7,708)

  
5,040,284
4,607,639


Total members' interests
  

Loans and other debts due to members
 8 
5,026,997
4,615,347

Members' other interests
  
13,287
(7,708)

  
5,040,284
4,607,639


Page 1

 
MOONRAKER REAL ESTATE LLP
REGISTERED NUMBER: OC423519
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 8 August 2024.




R Humphreys on behalf of
Create Real Estate Limited
Designated member

The notes on pages 4 to 8 form part of these financial statements.

MOONRAKER REAL ESTATE LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
MOONRAKER REAL ESTATE LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Members' capital (classified as debt)
Other amounts
Total
Total

£
£
£
£
£

Amounts due to members
4,148,489
466,858
4,615,347

Balance at 1 January 2023
(7,708)
4,148,489
466,858
4,615,347
4,607,639

Profit for the year available for discretionary division among members
 
20,995
-
-
-
20,995

Members' interests after profit for the year
13,287
4,148,489
466,858
4,615,347
4,628,634

Amounts introduced by members
-
-
411,650
411,650
411,650

Amounts due to members
4,148,489
878,508
5,026,997

Balance at 31 December 2023 
13,287
4,148,489
878,508
5,026,997
5,040,284

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
MOONRAKER REAL ESTATE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Moonraker Real Estate LLP is a limited liability partnership incorporated in the United Kingdom and registered in England and Wales. The registration number is OC423519. The registered office address is Second Floor, 60 Charlotte Street, London, United Kingdom, W1T 2NU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102
Page 4

 
MOONRAKER REAL ESTATE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

to all of its financial instruments.

The LLP has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the LLP's Balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual
Page 5

 
MOONRAKER REAL ESTATE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.


3.


Employees

The entity has no employees.

Page 6

 
MOONRAKER REAL ESTATE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
400



At 31 December 2023
400





5.


Debtors


Due after more than one year

Amounts owed by group undertakings
5,049,338
4,604,689

5,049,338
4,604,689



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,902
7,341

2,902
7,341



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,706
101

Amounts owed to group undertakings
400
400

Accruals and deferred income
3,250
4,290

12,356
4,791


Page 7

 
MOONRAKER REAL ESTATE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Loans and other debts due to members


2023
2022
£
£



Members' capital treated as debt
4,148,489
4,148,489

Other amounts due to members
878,508
466,858

5,026,997
4,615,347

Loans and other debts due to members may be further analysed as follows:

2023
2022
£
£



Falling due after more than one year
5,026,997
4,615,347

5,026,997
4,615,347

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


9.


Contingent liabilities

The company has provided security in respect of a loan held by its subsidaries. The directors consider it very unlikely that any liability would become payable by Moonraker Real Estate LLP in respect of the subsidary entites' borrowings, however if it did so the maximum liability would be £9,308,528.


10.


Related party transactions

The company has taken advantage of the exemption of Section 33 Related Party Disclosures from disclosing transactions with wholly owned members of the group.


11.


Controlling party

Moonraker Real Estate LLP is part of a joint venture arrangement between KH IV Estates 817 Limited and Create Real Estate Limited whereby neither party is seen as having a controlling interest in the company.

 
Page 8