Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseProperty development2023-04-015true5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC440265 2023-04-01 2024-03-31 OC440265 2021-12-08 2023-03-31 OC440265 2024-03-31 OC440265 2023-03-31 OC440265 c:CurrentFinancialInstruments 2024-03-31 OC440265 c:CurrentFinancialInstruments 2023-03-31 OC440265 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC440265 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC440265 d:FRS102 2023-04-01 2024-03-31 OC440265 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC440265 d:FullAccounts 2023-04-01 2024-03-31 OC440265 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC440265 2 2023-04-01 2024-03-31 OC440265 5 2023-04-01 2024-03-31 OC440265 6 2023-04-01 2024-03-31 OC440265 d:PartnerLLP1 2023-04-01 2024-03-31 OC440265 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC440265 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC440265 c:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 OC440265 c:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 OC440265 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC440265 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC440265 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC440265










WRENBRIDGE (FREOF V CRAWLEY PM) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WRENBRIDGE (FREOF V CRAWLEY PM) LLP
 

CONTENTS



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


 
WRENBRIDGE (FREOF V CRAWLEY PM) LLP
REGISTERED NUMBER: OC440265

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Restated 2023
Note
£
£

Fixed assets
  

Investments
 4 
222,795
230,092

  
222,795
230,092

Current assets
  

Debtors: amounts falling due within one year
 5 
21,250
727

Cash at bank and in hand
 6 
5,014
4,990

  
26,264
5,717

Creditors: Amounts Falling Due Within One Year
 7 
(23,576)
(6,899)

Net current assets/(liabilities)
  
 
 
2,688
 
 
(1,182)

Total assets less current liabilities
  
225,483
228,910

  

Net assets
  
225,483
228,910


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
(182,142)
(146,284)

  
(182,142)
(146,284)

Members' other interests
  

Members' capital classified as equity
  
100
100

Members' contribution classified as equity
  
407,525
375,094

  
 
407,625
 
375,194

  
225,483
228,910


Total members' interests
  

Loans and other debts due to members
 8 
(182,142)
(146,284)

Members' other interests
  
407,625
375,194

  
225,483
228,910


Page 1

 
WRENBRIDGE (FREOF V CRAWLEY PM) LLP
REGISTERED NUMBER: OC440265
    
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

 
WRENBRIDGE (FREOF V CRAWLEY 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)
Capital contributions
Total
Other amounts
Total
Total

£
£
£
£
£
£

Members' remuneration charged as an expense
-
-
-
(146,284)
(146,284)
(146,284)

Members' interests after profit for the year
100
-
100
(146,284)
(146,284)
(146,184)

Amounts introduced by members
-
375,094
375,094
-
-
375,094

Amounts due to members
(146,284)
(146,284)

Balance at 31 March 2023
100
375,094
375,194
(146,284)
(146,284)
228,910

Members' remuneration charged as an expense
-
-
-
(35,858)
(35,858)
(35,858)

Members' interests after profit for the year
100
375,094
375,194
(182,142)
(182,142)
193,052

Amounts introduced by members
-
32,431
32,431
-
-
32,431

Amounts due to members
 



(182,142)
(182,142)


Balance at 31 March 2024 
100
407,525
407,625
(182,142)
(182,142)
225,483

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

 
WRENBRIDGE (FREOF V CRAWLEY PM) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Danescroft (FREOF V Crawley PM) LLP is a Limited Liability Partnership, registered in England and Wales, registration number OC440265. 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 the LLP's share of the partnership results of partnerships in which it is a member.
Turnover 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 as 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 results - upon realisation of the profit and loss in the partnership.
 

 
2.4

Interest income

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

Page 4

 
WRENBRIDGE (FREOF V CRAWLEY PM) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 5

 
WRENBRIDGE (FREOF V CRAWLEY PM) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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.


3.


Members

The average number of members during the year was 5 (2023: 5).


4.


Fixed asset investments





Share of results
Investments
Loans to investments
Total

£
£
£
£



Cost or valuation


At 1 April 2023
(140,002)
4
370,090
230,092


Additions
-
-
25,037
25,037


Share of profit/(loss)
(32,334)
-
-
(32,334)



At 31 March 2024
(172,336)
4
395,127
222,795





5.


Debtors

2024
2023
£
£


Trade debtors
20,440
-

Other debtors
810
727

21,250
727



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,014
4,990


Page 6

 
WRENBRIDGE (FREOF V CRAWLEY PM) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
20,440
3,763

Accruals and deferred income
3,136
3,136

23,576
6,899



8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due from members
(182,142)
(146,284)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.




9.


Prior period adjustment

In the prior period, members' contributios of £375,094 were classified as debt. As the LLP is not contractually obliged to pay back these contributions, a prior period adjustment has been made to transfer this amount to equity. This adjustment has had no impact on the openiong net assets of the LLP as at 1 April 2023.

 
Page 7