Company No:
Contents
Note | 31.01.2024 | |
£ | ||
Fixed assets | ||
Investment property | 3 |
|
732,400 | ||
Creditors: amounts falling due within one year | 4 | (
|
Net current liabilities | (3,900) | |
Total assets less current liabilities | 728,500 | |
Net assets attributable to members |
|
|
Represented by | ||
Members' other interests | ||
Members' capital classified as equity | 730,000 | |
Other reserves | (1,500) | |
728,500 | ||
728,500 | ||
Total members' interests | ||
Members' other interests | 728,500 | |
728,500 |
Members' responsibilities:
The financial statements of Hovis Property LLP (registered number:
R Marcelin-Horne
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Hovis Property LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 36 Maltby Street, London, SE1 3PA, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
These accounts are prepared for the long period from incorporation on 17 January 2023 through to 31 January 2024.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Period from 17.01.2023 to 31.01.2024 |
|
Number | |
Monthly average number of persons employed by the LLP during the period |
|
Investment property | |
£ | |
Valuation | |
As at 17 January 2023 |
|
Additions | 732,400 |
As at 31 January 2024 |
|
31.01.2024 | |
£ | |
Amounts owed to associates |
|
Accruals |
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