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REGISTERED NUMBER: OC416649 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GOLD LION PROPERTY VENTURES LLP

GOLD LION PROPERTY VENTURES LLP (REGISTERED NUMBER: OC416649)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GOLD LION PROPERTY VENTURES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DESIGNATED MEMBERS: A B G Sapala
N A King





REGISTERED OFFICE: 40 Egbert Gardens
Wickford
Essex
SS11 7BW





REGISTERED NUMBER: OC416649 (England and Wales)





ACCOUNTANTS: AKS Accounting Services Limited
Chartered Certified Accountants
39 St. Annes Road
London Colney
St Albans
Hertfordshire
AL2 1LQ

GOLD LION PROPERTY VENTURES LLP (REGISTERED NUMBER: OC416649)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 625,000 585,000

CURRENT ASSETS
Cash at bank 81 351

CREDITORS
Amounts falling due within one year 5 500 500
NET CURRENT LIABILITIES (419 ) (149 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

624,581

584,851

CREDITORS
Amounts falling due after more than one year 6 446,683 407,004
NET ASSETS ATTRIBUTABLE TO
MEMBERS

177,898

177,847

GOLD LION PROPERTY VENTURES LLP (REGISTERED NUMBER: OC416649)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

33,891

46,421

MEMBERS' OTHER INTERESTS
Other reserves 144,007 131,426
177,898 177,847

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 33,891 46,421
Members' other interests 144,007 131,426
177,898 177,847

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 31st 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.

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 21st September 2024 and were signed by:





A B G Sapala - Designated member

GOLD LION PROPERTY VENTURES LLP (REGISTERED NUMBER: OC416649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Gold Lion Property Ventures 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 as modified by the revaluation of certain assets.

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

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 585,000
Improvements costs 27,419
Fair value adjustments 12,581
At 31st March 2024 625,000
NET BOOK VALUE
At 31st March 2024 625,000
At 31st March 2023 585,000

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 12,581
Cost 612,419
625,000

GOLD LION PROPERTY VENTURES LLP (REGISTERED NUMBER: OC416649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 500 500

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 7) 446,683 407,004

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 446,683 407,004

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 446,683 407,004

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up of the LLP, amounts classified as 'other debts due to members' would rank behind other non-secured creditors. There are no restrictions that exist on the ability of members to reduce the amounts classified as 'members' capital'.

Members have agreed not to take cash drawings where this would conflict with the adequacy of the working capital of the LLP.