IRIS Accounts Production v24.2.0.383 OC376569 designated member 6.4.23 5.4.24 5.4.24 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3765692023-04-05OC3765692024-04-05OC3765692023-04-062024-04-05OC3765692022-04-05OC3765692022-04-062023-04-05OC3765692023-04-05OC376569ns15:EnglandWales2023-04-062024-04-05OC376569ns14:PoundSterling2023-04-062024-04-05OC376569ns10:PartnerLLP12023-04-062024-04-05OC376569ns10:LimitedLiabilityPartnershipLLP2023-04-062024-04-05OC376569ns10:SmallEntities2023-04-062024-04-05OC376569ns10:AuditExempt-NoAccountantsReport2023-04-062024-04-05OC376569ns10:SmallCompaniesRegimeForAccounts2023-04-062024-04-05OC376569ns10:LimitedLiabilityPartnershipsSORP2023-04-062024-04-05OC376569ns10:FullAccounts2023-04-062024-04-05OC376569ns10:PartnerLLP22023-04-062024-04-05OC376569ns10:PartnerLLP32023-04-062024-04-05OC376569ns10:RegisteredOffice2023-04-062024-04-05OC376569ns5:CurrentFinancialInstruments2024-04-05OC376569ns5:CurrentFinancialInstruments2023-04-05OC376569ns5:Non-currentFinancialInstruments2024-04-05OC376569ns5:Non-currentFinancialInstruments2023-04-05OC376569ns5:LandBuildings2023-04-05OC376569ns5:LandBuildings2024-04-05OC376569ns5:LandBuildings2023-04-05
REGISTERED NUMBER: OC376569 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

ACP ESTATES LLP

ACP ESTATES LLP (REGISTERED NUMBER: OC376569)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 5 APRIL 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


ACP ESTATES LLP

GENERAL INFORMATION
for the year ended 5 APRIL 2024







DESIGNATED MEMBERS: S J Coke ACA
J P R Prevost
S Allen





REGISTERED OFFICE: 1 High Street
Thatcham
Berks
RG19 3JG





REGISTERED NUMBER: OC376569 (England and Wales)






ACP ESTATES LLP (REGISTERED NUMBER: OC376569)

REPORT OF THE MEMBERS
for the year ended 5 APRIL 2024

The members present their report with the financial statements of the LLP for the year ended 5 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property owners.

DESIGNATED MEMBERS
The designated members during the year under review were:

S J Coke ACA
J P R Prevost
S Allen

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £16,408 (2023 - £15,634 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





J P R Prevost - Designated member


15 July 2024

ACP ESTATES LLP (REGISTERED NUMBER: OC376569)

INCOME STATEMENT
for the year ended 5 APRIL 2024

5.4.24 5.4.23
Notes £    £   

TURNOVER 19,200 19,200

Administrative expenses 137 190
OPERATING PROFIT 19,063 19,010


Interest payable and similar expenses 2,655 3,376
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


16,408


15,634

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


16,408


15,634

Members' remuneration charged as an
expense

4

(16,408

)

(15,634

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

ACP ESTATES LLP (REGISTERED NUMBER: OC376569)

BALANCE SHEET
5 APRIL 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 244,272 244,272

CURRENT ASSETS
Cash at bank 671 766

CREDITORS
Amounts falling due within one year 6 1,302 1,302
NET CURRENT LIABILITIES (631 ) (536 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,641

243,736

CREDITORS
Amounts falling due after more than one
year

7

54,953

67,781
NET ASSETS ATTRIBUTABLE TO
MEMBERS

188,688

175,955

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

188,688

175,955

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 188,688 175,955

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 5 April 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.

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

The financial statements were approved by the members of the LLP and authorised for issue on 15 July 2024 and were signed by:



J P R Prevost - Designated member

ACP ESTATES LLP (REGISTERED NUMBER: OC376569)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 5 APRIL 2024

1. STATUTORY INFORMATION

ACP Estates 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
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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. INFORMATION IN RELATION TO MEMBERS
5.4.24 5.4.23
£    £   
Members' remuneration charged as an expense
Automatic division of profit 16,408 15,634

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 6 April 2023
and 5 April 2024 244,272
NET BOOK VALUE
At 5 April 2024 244,272
At 5 April 2023 244,272

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other creditors 1,302 1,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans 54,953 67,781

ACP ESTATES LLP (REGISTERED NUMBER: OC376569)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
5.4.24 5.4.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 12,590

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts rank equal with all other unsecured creditors.