IRIS Accounts Production v24.1.0.578 OC435072 designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4350722023-03-31OC4350722024-03-31OC4350722023-04-012024-03-31OC4350722022-03-31OC4350722022-04-012023-03-31OC4350722023-03-31OC435072ns15:EnglandWales2023-04-012024-03-31OC435072ns14:PoundSterling2023-04-012024-03-31OC435072ns10:Director12023-04-012024-03-31OC435072ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC435072ns10:SmallEntities2023-04-012024-03-31OC435072ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC435072ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC435072ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC435072ns10:FullAccounts2023-04-012024-03-31OC435072ns10:Director22023-04-012024-03-31OC435072ns10:RegisteredOffice2023-04-012024-03-31OC435072ns5:CurrentFinancialInstruments2024-03-31OC435072ns5:CurrentFinancialInstruments2023-03-31OC435072ns5:PlantMachinery2023-04-012024-03-31OC435072ns5:ComputerEquipment2023-04-012024-03-31OC435072ns5:ComputerEquipment2024-03-31OC435072ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC435072ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: OC435072 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHILL ASSET MANAGEMENT LLP

CHILL ASSET MANAGEMENT LLP (REGISTERED NUMBER: OC435072)

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


CHILL ASSET MANAGEMENT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mrs C L Hill
Mr M N Hill





REGISTERED OFFICE: Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: OC435072 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

CHILL ASSET MANAGEMENT LLP (REGISTERED NUMBER: OC435072)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 571 -
Investment property 5 1,265,000 1,265,000
1,265,571 1,265,000

CURRENT ASSETS
Debtors 6 1,106 -
Cash at bank 8,488 14,833
9,594 14,833
CREDITORS
Amounts falling due within one year 7 2,142 1,779
NET CURRENT ASSETS 7,452 13,054
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,273,023

1,278,054

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,273,023

1,278,054

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,273,023 1,278,054

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.

CHILL ASSET MANAGEMENT LLP (REGISTERED NUMBER: OC435072)

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 26 September 2024 and were signed by:





Mrs C L Hill - Designated member

CHILL ASSET MANAGEMENT LLP (REGISTERED NUMBER: OC435072)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Chill Asset Management 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
Additions 599
At 31 March 2024 599
Depreciation
Charge for year 28
At 31 March 2024 28
Net book value
At 31 March 2024 571

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 1,265,000
Net book value
At 31 March 2024 1,265,000
At 31 March 2023 1,265,000

CHILL ASSET MANAGEMENT LLP (REGISTERED NUMBER: OC435072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,106 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 2,142 1,779

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£    £   
Amounts owed to members in respect of profits 8,023 13,054
Capital account 1,265,000 1,265,000
1,273,023 1,278,054

Falling due within one year 1,273,023 1,278,054

This is not loan to members, this is the current accounts of designated partners.