Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetruetrue2023-04-015Property development5The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC434585 2023-04-01 2024-03-31 OC434585 2022-04-01 2023-03-31 OC434585 2024-03-31 OC434585 2023-03-31 OC434585 c:CurrentFinancialInstruments 2024-03-31 OC434585 c:CurrentFinancialInstruments 2023-03-31 OC434585 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC434585 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC434585 d:FRS102 2023-04-01 2024-03-31 OC434585 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC434585 d:FullAccounts 2023-04-01 2024-03-31 OC434585 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC434585 2 2023-04-01 2024-03-31 OC434585 6 2023-04-01 2024-03-31 OC434585 d:PartnerLLP3 2023-04-01 2024-03-31 OC434585 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC434585 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC434585 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC434585 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 iso4217:GBP xbrli:pure

Registered number: OC434585










WRENBRIDGE (FREOF V DARTFORD PM) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WRENBRIDGE (FREOF V DARTFORD PM) LLP
 

CONTENTS



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


 
WRENBRIDGE (FREOF V DARTFORD PM) LLP
REGISTERED NUMBER: OC434585

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
19,689
18,812

  
19,689
18,812

Current assets
  

Debtors: amounts falling due within one year
 5 
810
287

Cash at bank and in hand
 6 
649
8,557

  
1,459
8,844

Creditors: Amounts Falling Due Within One Year
 7 
(3,550)
(4,362)

Net current (liabilities)/assets
  
 
 
(2,091)
 
 
4,482

Total assets less current liabilities
  
17,598
23,294

  

Net assets
  
17,598
23,294


Represented by:
  

Loans and other debts due to members
  

Other amounts
 8 
17,498
23,194

  
17,498
23,194

Members' other interests
  

Members' capital classified as equity
  
100
100

  
 
100
 
100

  
17,598
23,294


Total members' interests
  

Loans and other debts due to members
 8 
17,498
23,194

Members' other interests
  
100
100

  
17,598
23,294


Page 1

 
WRENBRIDGE (FREOF V DARTFORD PM) LLP
REGISTERED NUMBER: OC434585
    
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 DARTFORD 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
Other amounts
Total
Total

£
£
£
£
£

Amounts due to members 
(111,504)
(111,504)


Balance at 1 April 2022 

100
100
(111,504)
(111,504)
(111,404)

Members' remuneration charged as an expense
-
-
46,515
46,515
46,515

Members' interests after profit for the year
 
100
100
(64,989)
(64,989)
(64,889)

Repayment of debt
-
-
88,183
88,183
88,183

Amounts due to members
23,194
23,194

Balance at 31 March 2023
100
100
23,194
23,194
23,294

Members' remuneration charged as an expense
 
-
-
703
703
703

Members' interests after profit for the year
100
100
23,897
23,897
23,997

Profit distribution
-
-
(6,399)
(6,399)
(6,399)

Amounts due from members
 


17,498
17,498


Balance at 31 March 2024 
100
100
17,498
17,498
17,598

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

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 DARTFORD PM) LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Wrenbridge (FREOF V Dartford PM) LLP is a Limited Liability Partnership, registered in England and Wales, registration number OC434585. 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 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".

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents fees receivable net of VAT.
Income is recognised as follows:
(i) Fees recievable - turniver 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 results - upon realisation of the profit or loss in the partnership.
 

 
2.3

Interest income

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

 
2.4

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 .

Page 4

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

2.Accounting policies (continued)

 
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.

 
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.

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
Page 5

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

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.


3.


Members

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Fixed asset investments





Investments
Loans to investments
Share of result
Total

£
£
£
£



Cost or valuation


At 1 April 2023
4
-
18,808
18,812


Additions
-
149
(2,405)
(2,256)


Revaluations
-
-
3,133
3,133



At 31 March 2024
4
149
19,536
19,689




Page 6

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

5.


Debtors

2024
2023
£
£


Other debtors
710
187

Called up share capital not paid
100
100

810
287



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
649
8,557



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
1,222

Accruals and deferred income
3,550
3,140

3,550
4,362



8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to (from) from members
17,498
23,194


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