REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
STRATA REAL ESTATE CONSULTING LLP |
REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
STRATA REAL ESTATE CONSULTING LLP |
STRATA REAL ESTATE CONSULTING LLP (REGISTERED NUMBER: OC346005) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Chartered Accountants' Report | 3 |
Income Statement | 4 |
Balance Sheet | 5 |
Reconciliation of Members' Interests | 7 |
Notes to the Financial Statements | 9 |
STRATA REAL ESTATE CONSULTING LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants and Business Advisers |
Oakhurst House |
57 Ashbourne Road |
Derby |
Derbyshire |
DE22 3FS |
STRATA REAL ESTATE CONSULTING LLP (REGISTERED NUMBER: OC346005) |
REPORT OF THE MEMBERS |
FOR THE YEAR ENDED 31 MARCH 2024 |
The members present their report with the financial statements of the LLP for the year ended 31 March 2024. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of the provision of commercial property finance consultancy. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £66,749 (2023 - £564 loss). |
MEMBERS' INTERESTS |
The members' drawings policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business. |
A members' capital requirement is linked to their share of profit and the financing requirement of the Limited Liability Partnership. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce capital at "par", so retiring members are repaid their capital at "par". |
ON BEHALF OF THE MEMBERS: |
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
STRATA REAL ESTATE CONSULTING LLP |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Strata Real Estate Consulting LLP for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the members of Strata Real Estate Consulting LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Strata Real Estate Consulting LLP and state those matters that we have agreed to state to the members of Strata Real Estate Consulting LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Strata Real Estate Consulting LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Strata Real Estate Consulting LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Strata Real Estate Consulting LLP. You consider that Strata Real Estate Consulting LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Strata Real Estate Consulting LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants and Business Advisers |
Oakhurst House |
57 Ashbourne Road |
Derby |
Derbyshire |
DE22 3FS |
STRATA REAL ESTATE CONSULTING LLP (REGISTERED NUMBER: OC346005) |
INCOME STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
65,413 | (1,232 | ) |
Other operating income |
OPERATING PROFIT/(LOSS) | 4 | ( |
) |
Interest receivable and similar income |
PROFIT/(LOSS) FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
STRATA REAL ESTATE CONSULTING LLP (REGISTERED NUMBER: OC346005) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 159,109 | 105,581 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
159,109 |
105,581 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 159,109 | 105,581 |
Amounts due from members | 6 | - | (221 | ) |
159,109 | 105,360 |
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. |
STRATA REAL ESTATE CONSULTING LLP (REGISTERED NUMBER: OC346005) |
BALANCE SHEET - continued |
31 MARCH 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
STRATA REAL ESTATE CONSULTING LLP (REGISTERED NUMBER: OC346005) |
RECONCILIATION OF MEMBERS' INTERESTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 105,581 |
Amount due from members | (221 | ) |
Balance at 1 April 2023 | - | 105,360 | 105,360 |
Profit for the financial year available for discretionary division among members |
66,749 |
- |
66,749 |
Members' interests after profit for the year |
66,749 |
105,360 |
172,109 |
Other divisions of profit | (66,749 | ) | 66,749 | - |
Drawings on account and distributions of profit |
- |
(13,000 |
) |
(13,000 |
) |
Amount due to members | 159,109 |
Amount due from members | - |
Balance at 31 March 2024 | - | 159,109 | 159,109 |
STRATA REAL ESTATE CONSULTING LLP (REGISTERED NUMBER: OC346005) |
RECONCILIATION OF MEMBERS' INTERESTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 130,924 |
Amount due from members | - |
Balance at 1 April 2022 | - | 130,924 | 130,924 |
Loss for the financial year available for discretionary division among members |
(564 |
) |
- |
(564 |
) |
Members' interests after loss for the year |
(564 |
) |
130,924 |
130,360 |
Other divisions of loss | 564 | (564 | ) | - |
Drawings on account and distributions of profit |
- |
(25,000 |
) |
(25,000 |
) |
Amount due to members | 105,581 |
Amount due from members | (221 | ) |
Balance at 31 March 2023 | - | 105,360 | 105,360 |
STRATA REAL ESTATE CONSULTING LLP (REGISTERED NUMBER: OC346005) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Strata Real Estate Consulting LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Motor vehicles | - |
Computer equipment | - |
Financial liabilities |
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction cost and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
Financial assets |
Short term debtors are measured at transaction price, less any impairment. Other financial assets are measured initially at fair value, net of transactions cost and are subsequently measured at amortised cost using the effective interest method, less any impairment |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - |
4. | OPERATING PROFIT/(LOSS) |
The operating profit (2023 - operating loss) is stated after charging: |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
STRATA REAL ESTATE CONSULTING LLP (REGISTERED NUMBER: OC346005) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Other creditors |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2024 | 2023 |
£ | £ |
Amounts owed to members in respect of profits | 159,109 | 105,581 |
Falling due within one year | 159,109 | 105,581 |
Loans and other debts due to members rank equally with debts to ordinary creditors in the event of a winding up. |