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REGISTERED NUMBER: OC404537 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2023 to 31 May 2024

for

Baybutt Properties LLP

Baybutt Properties LLP (Registered number: OC404537)

Contents of the Financial Statements
for the Period 1 March 2023 to 31 May 2024










Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Baybutt Properties LLP

General Information
for the Period 1 March 2023 to 31 May 2024







DESIGNATED MEMBERS: A M Baybutt
Mrs K Baybutt





REGISTERED OFFICE: Flat 6
Lipwood House
Old College Lane
Windermere
Cumbria
LA23 1BY





REGISTERED NUMBER: OC404537 (England and Wales)





ACCOUNTANTS: Hardy & Company (Hyde) Ltd
Chartered Certified Accountants
Onward Chambers
34 Market Street
Hyde
Cheshire
SK14 1AH

Baybutt Properties LLP (Registered number: OC404537)

Abridged Balance Sheet
31 May 2024

31.5.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 430,652

CURRENT ASSETS
Debtors 350,064 -
Cash at bank 536 536
350,600 536
CREDITORS
Amounts falling due within one year 600 600
NET CURRENT ASSETS/(LIABILITIES) 350,000 (64 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

350,000

430,588

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

-

80,588

MEMBERS' OTHER INTERESTS
Capital accounts 350,000 350,000
350,000 430,588

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 - 80,588
Members' other interests 350,000 350,000
Amounts due from members (350,064 ) -
(64 ) 430,588

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 period ended 31 May 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.

Baybutt Properties LLP (Registered number: OC404537)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 8 October 2024 and were signed by:





Mrs K Baybutt - Designated member

Baybutt Properties LLP (Registered number: OC404537)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 May 2024


1. STATUTORY INFORMATION

Baybutt Properties 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.

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.

Investment properties are revalued at the accounting date and the aggregate surplus or temporary deficit is recognised in the profit and loss account. A reserve transfer to the non distributable reserve account is then made.

The Members consider that as these properties are not held for consumption but for investment, to depreciate them would not give a true and fair view, and that it is necessary to adopt FRS 102 for the accounts to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Each property has been valued individually and not as part of a portfolio. No account has been taken of any inter-company leases or arrangements, nor any mortgages, debentures or other charges, and no allowance has been made for any expenses of realisation nor for any taxation which might arise in the event of a disposal. The figures also do not reflect any element of special purchaser value following a merger of interests or sale to an owner or occupier of an adjoining property.

Where properties have not been included in the valuation review, they are included at cost or at the Members' assessment of open market value.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 430,652
Disposals (430,652 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 28 February 2023 430,652

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank pari passu with other creditors.