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REGISTERED NUMBER: OC343925 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

Chancery House (St Johns) LLP

Chancery House (St Johns) LLP (Registered number: OC343925)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Chancery House (St Johns) LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: A C Carpenter
M E Sinclair
S J Wright





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: OC343925 (England and Wales)

Chancery House (St Johns) LLP (Registered number: OC343925)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Investment property 5 1,500,000 1,500,000

CURRENT ASSETS
Cash at bank 11,675 6,736

CREDITORS
Amounts falling due within one year 6 (31,370 ) (22,838 )
NET CURRENT LIABILITIES (19,695 ) (16,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,480,305

1,483,898

CREDITORS
Amounts falling due after more than one
year

7

-

(272,675

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,480,305

1,211,223

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,480,305

1,211,223

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,480,305 1,211,223

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 31 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.

Chancery House (St Johns) LLP (Registered number: OC343925)

Statement of Financial Position - continued
31 March 2024


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 9 October 2024 and were signed by:




A C Carpenter - Designated member




S J Wright - Designated member


Chancery House (St Johns) LLP (Registered number: OC343925)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Chancery House (St Johns) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable for rental income, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is initially measured at cost less impairment and subsequently measured at fair value whilst a reliable measure of fair value is available without undue cost or effort. Changes in fair value are recognised in profit or loss.

4. EMPLOYEE INFORMATION

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

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 1,500,000
Net book value
At 31 March 2024 1,500,000
At 31 March 2023 1,500,000

The LLP's investment property comprises freehold property in England and is shown at the members' estimate of fair value at the year end.


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts - 20,591
Taxation and social security 6,243 2,247
Other creditors 25,127 -
31,370 22,838

Chancery House (St Johns) LLP (Registered number: OC343925)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans - 272,675

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 175,981

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans - 293,266

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, any amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.