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REGISTERED NUMBER: OC441450 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Cox UK Property LLP

Cox UK Property LLP (Registered number: OC441450)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 5

Chartered Accountants' Report 7

Cox UK Property LLP

General Information
for the year ended 31 March 2024







DESIGNATED MEMBERS: M Cox
T A Cox





REGISTERED OFFICE: Suite 5
10 Churchill Square
West Malling
Kent
ME19 4YU





REGISTERED NUMBER: OC441450 (England and Wales)





ACCOUNTANTS: Libra Wealth Management Limited
Suite 5, 10 Churchill Square
West Malling
Kent
ME19 4YU

Cox UK Property LLP (Registered number: OC441450)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 6,311,546 6,274,000

CURRENT ASSETS
Debtors 5 - 12,474

CREDITORS
Amounts falling due within one year 6 21,819 12,474
NET CURRENT LIABILITIES (21,819 ) -
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,289,727

6,274,000

CREDITORS
Amounts falling due after more than
one year

7

6,274,000

6,274,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

15,727

-

Cox UK Property LLP (Registered number: OC441450)

Balance Sheet - continued
31 March 2024

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

15,727

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

15,727

-
Amounts due from members 5 - (11,588 )
15,727 (11,588 )

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.

Cox UK Property LLP (Registered number: OC441450)

Balance Sheet - 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 11 September 2024 and were signed by:





M Cox - Designated member

Cox UK Property LLP (Registered number: OC441450)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Cox UK Property 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.

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 1 April 2023 6,274,000
Additions 37,546
At 31 March 2024 6,311,546
NET BOOK VALUE
At 31 March 2024 6,311,546
At 31 March 2023 6,274,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 12,474

Cox UK Property LLP (Registered number: OC441450)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8)
21,819

12,474

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 6,274,000 6,274,000

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 21,819 12,474

Amounts falling due between one and two years:
Loans 6,274,000 6,274,000

The terms of the sale agreement that introduced the property business into the partnership provide for a deferred consideration amount of £6,274,000 owed to M & T Cox by the partnership. The split in deferred consideration is; M Cox - £4,887,000, T Cox - £1,387,000.

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Cox UK Property LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Cox UK Property LLP for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Cox UK Property LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cox UK Property LLP and state those matters that we have agreed to state to the members of Cox UK Property LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cox UK Property LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Cox UK Property LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cox UK Property LLP. You consider that Cox UK Property LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cox UK Property LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Libra Wealth Management Limited
Suite 5, 10 Churchill Square
West Malling
Kent

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Cox UK Property LLP

ME19 4YU


11 September 2024