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REGISTERED NUMBER: OC356861 (England and Wales)















P B PROPERTY INVESTMENTS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 AUGUST 2023






P B PROPERTY INVESTMENTS LLP (REGISTERED NUMBER: OC356861)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 AUGUST 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P B PROPERTY INVESTMENTS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 27 AUGUST 2023







DESIGNATED MEMBERS: C R J Baxter
A J Pearson





REGISTERED OFFICE: Clarke Nicklin House
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD





REGISTERED NUMBER: OC356861 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

P B PROPERTY INVESTMENTS LLP (REGISTERED NUMBER: OC356861)

BALANCE SHEET
27 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 160,000 160,000

CURRENT ASSETS
Debtors 5 7,007 5,276
Cash at bank 11,682 18,916
18,689 24,192
CREDITORS
Amounts falling due within one year 6 13,047 8,157
NET CURRENT ASSETS 5,642 16,035
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

165,642

176,035

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

111,245

121,638

MEMBERS' OTHER INTERESTS
Capital accounts 50 50
Revaluation reserve 8 54,347 54,347
165,642 176,035

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 111,245 121,638
Members' other interests 54,397 54,397
165,642 176,035

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 27 August 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.

P B PROPERTY INVESTMENTS LLP (REGISTERED NUMBER: OC356861)

BALANCE SHEET - continued
27 AUGUST 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 28 August 2024 and were signed by:




C R J Baxter - Designated member




A J Pearson - Designated member


P B PROPERTY INVESTMENTS LLP (REGISTERED NUMBER: OC356861)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 AUGUST 2023


1. STATUTORY INFORMATION

P B Property Investments 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.

Turnover represents rental income and sales of services. Rental income is recognised in the period to which the rent relates. Other income is recognised when the underlying service is provided and the LLP obtains the right to consideration.

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 August 2022
and 27 August 2023 160,000
NET BOOK VALUE
At 27 August 2023 160,000
At 27 August 2022 160,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,865 3,229
Other debtors 3,142 2,047
7,007 5,276

P B PROPERTY INVESTMENTS LLP (REGISTERED NUMBER: OC356861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 AUGUST 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 420 -
Other creditors 12,627 8,157
13,047 8,157

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' rank below in relation to other creditors.

8. RESERVES
Revaluation
reserve
£   
At 28 August 2022
and 27 August 2023 54,347