Registered number
OC433961
Preidzius Praedium LLP
Filleted Accounts
31 March 2024
Preidzius Praedium LLP
Registered number: OC433961
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,124,405 3,578,000
Current assets
Cash at bank and in hand 14,235 1,958
Creditors: amounts falling due within one year 4 (1,440) (1,440)
Net current assets 12,795 518
Total assets less current liabilities 4,137,200 3,578,518
Creditors: amounts falling due after more than one year 5 (2,648,113) (2,257,720)
Net assets attributable to members 1,489,087 1,320,798
Represented by:
Loans and other debts due to members 7 12,795 518
Members' other interests
Members' capital classified as equity 1,476,292 1,320,280
1,489,087 1,320,798
Total members' interests
Loans and other debts due to members 7 12,795 518
Members' other interests 1,476,292 1,320,280
1,489,087 1,320,798
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 16 October 2024 and signed on their behalf by:
Pranas Preidzius
Designated member
Preidzius Praedium LLP
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover represents rents received from the investment properties in which the LLP has an interest.

Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is not provided on Land and Buildings as the value of the properties is recognised on an impairment basis each year. The initial value of the properties represents the market value of the properties at the date they were introduced into the LLP.
Investments
Investment properties are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 3,578,000
Additions 546,405
At 31 March 2024 4,124,405
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 4,124,405
At 31 March 2023 3,578,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,440 1,440
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,648,113 2,257,720
6 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 2,648,113 2,257,720
2,648,113 2,257,720
Secured bank loans 2,648,113 2,257,720
The mortgages are secured on the individual properties to which they relate. All of the mortgages are interest only basis with no regular capital repayments.
7 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits 12,795 518
Amounts falling due within one year 12,795 518
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
Preidzius Praedium LLP is a limited liability partnership incorporated in England. Its registered office is:
27 Cootes Lane
Fen Drayton
Cambridgeshire
CB24 4SL
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