Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01Property management4false4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC429519 2024-03-31 OC429519 2023-04-01 2024-03-31 OC429519 2022-04-01 2023-03-31 OC429519 2023-03-31 OC429519 c:CurrentFinancialInstruments 2024-03-31 OC429519 c:CurrentFinancialInstruments 2023-03-31 OC429519 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC429519 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC429519 d:FRS102 2023-04-01 2024-03-31 OC429519 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC429519 d:FullAccounts 2023-04-01 2024-03-31 OC429519 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC429519 2 2023-04-01 2024-03-31 OC429519 d:PartnerLLP1 2023-04-01 2024-03-31 OC429519 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC429519 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC429519 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC429519 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC429519 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC429519










PACKAGED LIVING (FREOF V HEYROD PM) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PACKAGED LIVING (FREOF V HEYROD PM) LLP
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Reconciliation of Members' Interests
 
3
Notes to the Financial Statements
 
4 - 7


 
PACKAGED LIVING (FREOF V HEYROD PM) LLP
REGISTERED NUMBER: OC429519

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
902,369
540,521

  
902,369
540,521

Current assets
  

Debtors: amounts falling due within one year
 5 
194,760
107,933

Cash at bank and in hand
 6 
2,642
6,224

  
197,402
114,157

Creditors: Amounts Falling Due Within One Year
 7 
(197,504)
(109,331)

Net current (liabilities)/assets
  
 
 
(102)
 
 
4,826

Total assets less current liabilities
  
902,267
545,347

  

Net assets
  
902,267
545,347


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
902,167
545,247

  
902,167
545,247

Members' other interests
  

Members' capital classified as equity
  
100
100

  
 
100
 
100

  
902,267
545,347


Total members' interests
  

Loans and other debts due to members
 8 
902,167
545,247

Members' other interests
  
100
100

  
902,267
545,347


Page 1

 
PACKAGED LIVING (FREOF V HEYROD PM) LLP
REGISTERED NUMBER: OC429519
    
BALANCE SHEET (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.

The entity 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 have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 11 November 2024.




................................................
C A Allen
On behalf of Fiera Real Estate UK Limited
Designated member

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
PACKAGED LIVING (FREOF V HEYROD PM) 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
Current account
Total
Total

£
£
£
£
£

Amounts due to members 
63,446
63,446


Balance at 1 April 2022 
100
100
63,446
63,446
63,546

Members' remuneration charged as an expense
 
-
-
508,668
508,668
508,668

Members' interests after profit for the year
 
100
100
572,114
572,114
572,214

Amounts introduced by members
-
-
1,440
1,440
1,440

Drawings on account and distribution of profit
-
-
(28,307)
(28,307)
(28,307)

Amounts due to members
545,247
545,247

Balance at 31 March 2023
 
100
100
545,247
545,247
545,347

Members' remuneration charged as an expense
-
-
356,920
356,920
356,920

Members' interests after profit for the year
 
100
100
902,167
902,167
902,267

Amounts due to members
902,167
902,167

Balance at 31 March 2024 
100
100
902,167
902,167
902,267

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.



Page 3

 
PACKAGED LIVING (FREOF V HEYROD PM) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Packaged Living (FREOF V Heyrod PM) LLP is a limited liability partnership, registered in England and Wales under registration number OC429519. The address of the registered office is Third Floor Queensberry House, 3 Old Burlington Street, London, W1S 3AE.

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 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".

The following principal accounting policies have been applied:

  
2.2

Going concern

The LLP is currently reliant on its members for financial support. The members are committed to the
sustainment of the LLP and its activities, and are confident that the LLP has the resources to
continue operating for at least 12 months from the date the financial statements are authorised. The
members have concluded that it is appropriate that the financial statements be prepared on a going
concern basis

  
2.3

Turnover

Turnover represents fees receivable net of VAT and share of partnership result.
Income is recognised as follows:
(i) Fees receivable - turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided based on a proportion of the total expected consideration at completion.
(ii) Share of partnership result - upon realisation of the profit or loss in the partnership.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

  
2.5

Valuation of investments

The valuation of the investment in the SPV is based on the entity's entitlement to the proportion of the net assets of the SPV after adjusting for the fair value of the stock held.

Page 4

 
PACKAGED LIVING (FREOF V HEYROD PM) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The LLP 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 LLP's Balance Sheet when the LLP becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
 
Page 5

 
PACKAGED LIVING (FREOF V HEYROD PM) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Members

The average number of members during the year was 4 (2023:4)


4.


Fixed asset investments





Investments
Current account
Total

£
£
£



Cost or valuation


At 1 April 2023
4
540,517
540,521


Disposals
-
(180,896)
(180,896)


Share of profit/(loss)
-
542,744
542,744



At 31 March 2024
4
902,365
902,369




Page 6

 
PACKAGED LIVING (FREOF V HEYROD PM) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
56,006
56,006

Other debtors
710
706

Called up share capital not paid
100
100

Prepayments and accrued income
137,944
51,121

194,760
107,933



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,642
6,224



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
56,006
56,006

Other creditors
4
4

Accruals and deferred income
141,494
53,321

197,504
109,331



8.


Loans and other debts due to members


2024
2023
£
£



Amounts owed to members
902,167
545,247



Total members' interest, including loans and other debts due to members, are unsecured and would rank Pari passu with other unsecured creditors in the event of winding up.

Page 7