Registered number
OC416160
144 Cheviot Investre LLP
Filleted Accounts
31 December 2023
144 Cheviot Investre LLP Registered number: OC416160
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investment property 3 470,000 470,000
Current assets
Debtors 4 3,464 335
Cash at bank and in hand 120 2,357
3,584 2,692
Creditors: amounts falling due within one year 5 (5,059) (10,496)
Net current liabilities (1,475) (7,804)
Total assets less current liabilities 468,525 462,196
Creditors: amounts falling due after more than one year 6 (268,025) (267,771)
Net assets attributable to members 200,500 194,425
Represented by:
Loans and other debts due to members 7 159,779 153,704
Members' other interests
Revaluation reserve 40,721 40,721
200,500 194,425
Total members' interests
Loans and other debts due to members 7 159,779 153,704
Members' other interests 40,721 40,721
200,500 194,425
For the year ended 31 December 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 27 September 2024 and signed on their behalf by:
Shayan Keyhan-Rad
For and on behalf of
Investre Limited
Designated member
144 Cheviot Investre LLP
Reconciliation of Members' Interests
for the year ended 31 December 2023
EQUITY DEBT TOTAL
Members' other interests Loans and other debts due to members
less any amounts due from members
in debtors
Members' capital (classified as equity) Fair value reserve Other reserves Total Members' capital (classified as debt) Other amounts Total Total members' interests
£ £ £ £ £ £ £ £
Balance at 1 January 2023 - 40,721 - 40,721 - 153,704 153,704 194,425
Loss for the financial year available for discretionary division among members (5,670) (5,670) (5,670)
Members' interests after loss for the year - 40,721 (5,670) 35,051 - 153,704 153,704 188,755
Other divisions of profits 5,670 5,670 (5,670) (5,670) -
Introduced by members - - - 11,745 11,745 11,745
Balance at 31 December 2023 - 40,721 - 40,721 - 159,779 159,779 200,500
144 Cheviot Investre LLP
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover represents rental income received and where applicable the sale price of property sold.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Investment property
Investment property is included at fair value as estimated by the members. Any change in this valuation at the balance sheet date is recognised through the profit and loss account.
Debtors
Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Investment property
£
Valuation
At 1 January 2023 470,000
At 31 December 2023 470,000
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest 2,964 -
Other debtors 500 335
3,464 335
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,559 7,548
Accruals 1,500 2,948
5,059 10,496
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 268,025 267,771
7 Loans and other debts due to members 2023 2022
£ £
Loans from members 159,779 153,704
Amounts falling due within one year 159,779 153,704
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Revaluation reserve 2023 2022
£ £
At 1 January 2023 40,721 40,721
At 31 December 2023 40,721 40,721
9 Other information
144 Cheviot Investre LLP is a limited liability partnership incorporated in England. Its registered office is: Studio 5, Pembridge Studios, 27A Pembridge Villas, London W11 3EP.
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