Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-04-01falseNo description of principal activity00falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC412453 2023-04-01 2024-03-31 OC412453 2022-04-06 2023-03-31 OC412453 2024-03-31 OC412453 2023-03-31 OC412453 c:CurrentFinancialInstruments 2024-03-31 OC412453 c:CurrentFinancialInstruments 2023-03-31 OC412453 d:FRS102 2023-04-01 2024-03-31 OC412453 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC412453 d:FullAccounts 2023-04-01 2024-03-31 OC412453 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC412453 c:Subsidiary1 2023-04-01 2024-03-31 OC412453 c:Subsidiary1 1 2023-04-01 2024-03-31 OC412453 6 2023-04-01 2024-03-31 OC412453 d:PartnerLLP2 2023-04-01 2024-03-31 OC412453 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC412453 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC412453 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC412453










CHESTER GREYHOUND RETAIL PARK LLP








Unaudited

Financial statements

For the Year Ended 31 March 2024

 
CHESTER GREYHOUND RETAIL PARK LLP
 

Contents



Page
Members' Report
1
Statement of Financial Position
2 - 3
Reconciliation of Members' Interests
4
Notes to the Financial Statements
5 - 8


 
CHESTER GREYHOUND RETAIL PARK LLP
 
  
Members' Report
For the Year Ended 31 March 2024

The members present their annual report together with the unaudited financial statements of Chester Greyhound Retail Park LLP (the "LLP") for the year ended 31 March 2024
The LLP was formed on 22 June 2016 under Limited Liability Partnership Act 2000. The comparative figures are for the period from 6 April 2022 to 31 March 2023 and are therefore not directly comparable. 
 

Principal activities
 
 
The principal activity of the LLP during the year was that of a holding entity.
 
 
Designated members
 
 
The designated members who served the LLP during the year and up to date of this report were as follows:
 
Suraj Rashmikant Shah
 
Manish Gudka 
 
 

 
Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members
 
 
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.
New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.
 
 
Results for the year
 
 
The result for this reporting year amounted to £Nil (comparative period: £Nil).
 
 
This report was approved by the members and signed on their behalf by: 




Manish Gudka
Designated Member
 
Registered office:
1st Floor
88 Baker Street
London
England
W1U 6TQ 


Date: 4 November 2024
Page 1

 
CHESTER GREYHOUND RETAIL PARK LLP
Registered number: OC412453

Statement of Financial Position
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
9,467,686
10,598,546

Total assets less current liabilities
  
9,467,687
10,598,547

  

Net assets
  
9,467,687
10,598,547


Represented by:
  

Loans and other debts due to members
  

Other amounts
 6 
9,467,637
10,598,497

Members' other interests
  

Members' capital classified as equity
  
50
50

  
9,467,687
10,598,547


Total members' interests
  

Loans and other debts due to members
 6 
9,467,637
10,598,497

Members' other interests
  
50
50

  
9,467,687
10,598,547


Page 2

 
CHESTER GREYHOUND RETAIL PARK LLP
Registered number: OC412453
    
Statement of Financial Position (continued)
As at 31 March 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

The LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




Manish Gudka
Designated member
Date: 4 November 2024

The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
CHESTER GREYHOUND RETAIL PARK LLP
 

Reconciliation of Members' Interests
For the Year Ended 31 March 2024






Equity
Members' other interests
Debt
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Total
Other amounts
Total
Total

£
£
£
£
£

Balance at 6 April 2022 
50
50
12,249,497
12,249,497
12,249,547

Result for the period available for discretionary division among members
-
-
-
-
-

Repayment of debt
 
-
-
(1,651,000)
(1,651,000)
(1,651,000)

Amounts due to members
 


10,598,497
10,598,497


Balance at 31 March 2023
50
50
10,598,497
10,598,497
10,598,547

Result for the year available for discretionary division among members
-
-
-
-
-

Repayment of debt
 
-
-
(1,130,860)
(1,130,860)
(1,130,860)

Amounts due to members
 


9,467,637
9,467,637


Balance at 31 March 2024 
50
50
9,467,637
9,467,637
9,467,687



Page 4

 
CHESTER GREYHOUND RETAIL PARK LLP
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

The LLP is registered in England and Wales. The address of the registered office is 1st Floor, 88 Baker Street, London, W1U 6TQ, England.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

These financial statements are presented in Sterling (£), which is the functional currency of the entity. All amounts are rounded to the nearest Pound (£), except when otherwise indicated.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on the going concern basis. The basis assumes that the LLP will be able to meet its obligations as they arise for the foreseeable future.

 
2.3

Taxation

Taxation on LLP profits is the personal liability of the members and consequently neither taxation nor deferred taxation is accounted for in these financial statements.

 
2.4

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Statement of Comprehensive Income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Statement of Financial Position.
Page 5

 
CHESTER GREYHOUND RETAIL PARK LLP
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)


2.4
Members' participation rights (continued)

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Statement of Comprehensive Income and are equity appropriations in the Statement of Financial Position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position within 'Loans and other debts due to members' and are charged to the Statement of Comprehensive Income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of Financial Position within 'Members' other interests'.

 
2.5

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.


3.


Employees

The LLP has no employees other than the members, who did not receive any remuneration during the year (2023: £Nil).

Page 6

 
CHESTER GREYHOUND RETAIL PARK LLP
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Investments





Investments in subsidiary undertakings

£



Cost 


At 1 April 2023
1



At 31 March 2024
1






Net book value



At 31 March 2024
1



At 31 March 2023
1


Subsidiary undertaking


The following was a subsidiary undertaking of the LLP:

Name

Class of shares

Holding

Chester Greyhound Retail Park Holdings Limited
Ordinary
100%


The aggregate of the share capital and reserves as at 31 March 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Chester Greyhound Retail Park Holdings Limited
8,505,012
1,119,484

Page 7

 
CHESTER GREYHOUND RETAIL PARK LLP
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

5.


Debtors: amounts falling due within one year

2024
2023
£
£


Amounts owed by group undertakings
9,467,676
10,598,536

Other debtors
10
10

9,467,686
10,598,546


Amounts owed by group undertakings relate to amounts due from Chester Greyhound Retail Park Holdings Limited are unsecured, interest free and repayable upon demand.


6.


Loans and other debts due to members


2024
2023
£
£



Loans from members
9,467,637
10,598,497

Loans from members are unsecured, interest free and repayable on demand. 

Page 8