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REGISTERED NUMBER: OC393900 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Hanson Street Property Investment LLP

Hanson Street Property Investment LLP (Registered number: OC393900)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hanson Street Property Investment LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Hanson Street Estates Limited
A D Pink
Mrs L Pink





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: OC393900 (England and Wales)






Hanson Street Property Investment LLP (Registered number: OC393900)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investments 4 285,836 267,493
Investment property 5 1,196,329 1,196,329
1,482,165 1,463,822

CURRENT ASSETS
Debtors 6 10,716 10,972
Cash at bank 6,153 5,042
16,869 16,014
CREDITORS
Amounts falling due within one year 7 (8,876 ) (8,640 )
NET CURRENT ASSETS 7,993 7,374
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,490,158

1,471,196

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 1,490,158 1,471,196
1,490,158 1,471,196

TOTAL MEMBERS' INTERESTS
Members' other interests 1,490,158 1,471,196

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

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.

Hanson Street Property Investment LLP (Registered number: OC393900)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 August 2024 and were signed by:





A D Pink - Designated member

Hanson Street Property Investment LLP (Registered number: OC393900)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Hanson Street Property Investment LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
17 Edgeware Avenue LLP - 20
267 Rosmead Street LLP - 20
Alan Pink Tax Offices LLP 285,836 267,453
285,836 267,493

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,196,329
NET BOOK VALUE
At 31 March 2024 1,196,329
At 31 March 2023 1,196,329

On 31 March 2023 the LLP acquired an interest in 267 Rosmead Street, Hull at market value from 267 Rosmead Street LLP in which it was the sole member.
On 31 March 2023 the LLP acquired an interest in 17 Edgeware Avenue, Hull at market value from 17 Edgeware Avenue LLP in which it was the sole member..

Hanson Street Property Investment LLP (Registered number: OC393900)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 125,000
Cost 1,071,329
1,196,329

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,071,329 1,071,329

The Investment property was valued on an open market value basis on 31 March 2024 by the designated members .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 10,360 10,678
Other debtors 356 294
10,716 10,972

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 8,876 8,640

8. ULTIMATE CONTROLLING PARTY

The controlling party is A D Pink.

9. CURRENCY

The LLP's functional and presentational currency is pounds sterling.