Registered number
OC379164
A J Property (NW) LLP
Filleted Accounts
31 October 2023
A J Property (NW) LLP
Registered number: OC379164
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,779,522 1,779,522
Current assets
Debtors 4 14,469 285,499
Cash at bank and in hand 453,685 155,008
468,154 440,507
Creditors: amounts falling due within one year 5 (70,041) (111,992)
Net current assets 398,113 328,515
Total assets less current liabilities 2,177,635 2,108,037
Creditors: amounts falling due after more than one year 6 (818,687) (868,053)
Net assets attributable to members 1,358,948 1,239,984
Represented by:
Loans and other debts due to members 8 300,000 271,296
Members' other interests
Other reserves 1,058,948 968,688
1,358,948 1,239,984
Total members' interests
Loans and other debts due to members 8 300,000 271,296
Members' other interests 1,058,948 968,688
1,358,948 1,239,984
For the year ended 31 October 2023 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 21 October 2024 and signed on their behalf by:
J A Jackson
Designated member
A J Property (NW) LLP
Notes to the Accounts
for the year ended 31 October 2023
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and Buildings Nil
Plant and machinery etc over 4 years
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2022 1,779,522 3,577 1,783,099
At 31 October 2023 1,779,522 3,577 1,783,099
Depreciation
At 1 November 2022 - 3,577 3,577
At 31 October 2023 - 3,577 3,577
Net book value
At 31 October 2023 1,779,522 - 1,779,522
At 31 October 2022 1,779,522 - 1,779,522
4 Debtors 2023 2022
£ £
Trade debtors 1,200 13,833
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest - 43,836
Other debtors 13,269 227,830
14,469 285,499
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 44,219 52,188
Trade creditors 14,991 53,805
Other creditors 10,831 5,999
70,041 111,992
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 818,687 868,053
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 837,173 884,408
Bank loans are secured on Fixed Assets Land and Buildings
8 Loans and other debts due to members 2023 2022
£ £
Loans from members 300,000 271,296
Amounts falling due within one year - -
Amounts falling due after more than one year 300,000 271,296
300,000 271,296
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
9 Other information
A J Property (NW) LLP is a limited liability partnership incorporated in England. Its registered office is: 286-288 Breck Road Liverpool L5 6QB
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