IRIS Accounts Production v24.3.0.553 OC346390 designated member 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3463902023-06-30OC3463902024-06-30OC3463902023-07-012024-06-30OC3463902022-06-30OC3463902022-07-012023-06-30OC3463902023-06-30OC346390ns15:EnglandWales2023-07-012024-06-30OC346390ns14:PoundSterling2023-07-012024-06-30OC346390ns10:PartnerLLP12023-07-012024-06-30OC346390ns10:LimitedLiabilityPartnershipLLP2023-07-012024-06-30OC346390ns10:SmallEntities2023-07-012024-06-30OC346390ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30OC346390ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30OC346390ns10:LimitedLiabilityPartnershipsSORP2023-07-012024-06-30OC346390ns10:FullAccounts2023-07-012024-06-30OC346390ns10:PartnerLLP22023-07-012024-06-30OC346390ns10:RegisteredOffice2023-07-012024-06-30OC346390ns5:CurrentFinancialInstruments2024-06-30OC346390ns5:CurrentFinancialInstruments2023-06-30OC346390ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30OC346390ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: OC346390 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Quercus PRF LLP

Quercus PRF LLP (Registered number: OC346390)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quercus PRF LLP

General Information
for the Year Ended 30 June 2024







DESIGNATED MEMBERS: J R Spreckley
J S Martin





REGISTERED OFFICE: Brinsop House
Brinsop
Hereford
HR4 7AS





REGISTERED NUMBER: OC346390 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Quercus PRF LLP (Registered number: OC346390)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Investment property 4 320,475 320,475

CURRENT ASSETS
Debtors 5 73,650 71,638
Cash at bank 6 17,000 24,655
90,650 96,293
CREDITORS
Amounts falling due within one year 7 (10,735 ) (8,315 )
NET CURRENT ASSETS 79,915 87,978
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 400,390 408,453

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 400,390 408,453

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 400,390 408,453
Amounts due from members 5 (73,555 ) (71,540 )
326,835 336,913

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 30 June 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.

Quercus PRF LLP (Registered number: OC346390)

Balance Sheet - continued
30 June 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 21 October 2024 and were signed by:





J R Spreckley - Designated member

Quercus PRF LLP (Registered number: OC346390)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Quercus PRF 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.

Financial instruments
The limited liability partnership has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnerships statement of financial position when the limited liability partnership becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforced right to set of the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 320,475
NET BOOK VALUE
At 30 June 2024 320,475
At 30 June 2023 320,475

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 73,650 71,638

6. CASH AT BANK
30.6.24 30.6.23
£    £   
Bank account no. 1 17,000 24,655

Quercus PRF LLP (Registered number: OC346390)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 10,735 8,315

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

9. RELATED PARTY DISCLOSURES

During the year, a company under the control of a designated member, provided management services to Quercus PRF LLP amounting to £7,260 (2023 - £7,580). no amounts were outstanding at either year end.