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REGISTERED NUMBER: OC335933 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PINNACLE REAL ESTATE LLP

PINNACLE REAL ESTATE LLP (REGISTERED NUMBER: OC335933)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PINNACLE REAL ESTATE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: P Goodlace
J Johnson
Mrs S C Goodlace
Mrs L Johnson





REGISTERED OFFICE: 9 Lockestone
Weybridge
Surrey
KT13 8EE





REGISTERED NUMBER: OC335933 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

PINNACLE REAL ESTATE LLP (REGISTERED NUMBER: OC335933)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 318,614 665,010

CURRENT ASSETS
Debtors 5 8,654 4,333
Cash at bank 9,475 2,987
18,129 7,320
CREDITORS
Amounts falling due within one year 6 158,164 267,108
NET CURRENT LIABILITIES (140,035 ) (259,788 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

178,579

405,222

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

178,579

405,222

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 178,579 405,222
Amounts due from members 5 (2,196 ) -
176,383 405,222

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.

PINNACLE REAL ESTATE LLP (REGISTERED NUMBER: OC335933)

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 1 October 2024 and were signed by:





P Goodlace - Designated member

PINNACLE REAL ESTATE LLP (REGISTERED NUMBER: OC335933)

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

1. STATUTORY INFORMATION

Pinnacle Real Estate 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.
Freehold property - not provided
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 April 2023 558,875 143,767 3,299 705,941
Additions - - 444 444
Disposals (254,839 ) (124,673 ) - (379,512 )
At 31 March 2024 304,036 19,094 3,743 326,873
DEPRECIATION
At 1 April 2023 - 37,660 3,271 40,931
Charge for year - 383 72 455
Eliminated on disposal - (33,127 ) - (33,127 )
At 31 March 2024 - 4,916 3,343 8,259
NET BOOK VALUE
At 31 March 2024 304,036 14,178 400 318,614
At 31 March 2023 558,875 106,107 28 665,010

Included in cost of land and buildings is freehold land of £ 304,036 (2023 - £ 558,875 ) which is not depreciated.

Land & property was valued on an open market basis on 31 March 2024 by the members.

PINNACLE REAL ESTATE LLP (REGISTERED NUMBER: OC335933)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,829 2,993
Other debtors 6,825 1,340
8,654 4,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 1
Other creditors 158,164 267,107
158,164 267,108

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Mortgages 152,770 256,205

The bank loans and mortgages amounting to £152,770 are secured by first charge on the properties to which they relate.

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specifically legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.