Silverfin false 31/01/2024 17/01/2023 31/01/2024 R Marcelin-Horne 17/01/2023 S E Provis 17/01/2023 09 October 2024 OC445410 2024-01-31 OC445410 bus:Director1 2024-01-31 OC445410 bus:Director2 2024-01-31 OC445410 core:CurrentFinancialInstruments 2024-01-31 OC445410 2023-01-16 OC445410 2023-01-17 2024-01-31 OC445410 bus:FullAccounts 2023-01-17 2024-01-31 OC445410 bus:SmallEntities 2023-01-17 2024-01-31 OC445410 bus:AuditExemptWithAccountantsReport 2023-01-17 2024-01-31 OC445410 bus:LimitedLiabilityPartnershipLLP 2023-01-17 2024-01-31 OC445410 bus:Director1 2023-01-17 2024-01-31 OC445410 bus:Director2 2023-01-17 2024-01-31 iso4217:GBP xbrli:pure

Company No: OC445410 (England and Wales)

HOVIS PROPERTY LLP

Unaudited Financial Statements
For the financial period from 17 January 2023 to 31 January 2024
Pages for filing with the registrar

HOVIS PROPERTY LLP

Unaudited Financial Statements

For the financial period from 17 January 2023 to 31 January 2024

Contents

HOVIS PROPERTY LLP

STATEMENT OF FINANCIAL POSITION

As at 31 January 2024
HOVIS PROPERTY LLP

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2024
Note 31.01.2024
£
Fixed assets
Investment property 3 732,400
732,400
Creditors: amounts falling due within one year 4 ( 3,900)
Net current liabilities (3,900)
Total assets less current liabilities 728,500
Net assets attributable to members 728,500
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

For the financial period ending 31 January 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of Hovis Property LLP (registered number: OC445410) were approved and authorised for issue by the Board of Directors on 09 October 2024. They were signed on its behalf by:

R Marcelin-Horne
Designated member
HOVIS PROPERTY LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 January 2023 to 31 January 2024
HOVIS PROPERTY LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 January 2023 to 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

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 £.

Going concern

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.

Reporting period length

These accounts are prepared for the long period from incorporation on 17 January 2023 through to 31 January 2024.

Impairment of assets

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

Period from
17.01.2023 to
31.01.2024
Number
Monthly average number of persons employed by the LLP during the period 2

3. Investment property

Investment property
£
Valuation
As at 17 January 2023 0
Additions 732,400
As at 31 January 2024 732,400

4. Creditors: amounts falling due within one year

31.01.2024
£
Amounts owed to associates 2,400
Accruals 1,500
3,900