Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01falseProperty Investments22false OC414477 2023-04-01 2024-03-31 OC414477 2022-04-01 2023-03-31 OC414477 2024-03-31 OC414477 2023-03-31 OC414477 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC414477 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC414477 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC414477 d:FullAccounts 2023-04-01 2024-03-31 OC414477 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC414477 d:PartnerLLP2 2023-04-01 2024-03-31 OC414477 d:Micro-entities 2023-04-01 2024-03-31 OC414477 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC414477









WILLIAM MCGOWAN PROPERTY INVESTMENTS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WILLIAM MCGOWAN PROPERTY INVESTMENTS LLP
REGISTERED NUMBER: OC414477

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Fixed assets
  
515,363
515,363

  
515,363
515,363

Current assets
  
37,938
31,305

Creditors: amounts falling due within one year
  
(2,955)
(2,956)

Net current assets
  
 
 
34,983
 
 
28,349

Total assets less current liabilities
  
550,346
543,712

  
550,346
543,712

Net assets attributable to members
  
550,346
543,712


Total members' interests
  
 
550,346
 
543,712


Page 1

 
WILLIAM MCGOWAN PROPERTY INVESTMENTS LLP
REGISTERED NUMBER: OC414477
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

Notes


General information

William McGowan Property Investments LLP is a Limited Liability Partnership registered in England and Wales. 


Average number of employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro 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 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 by: 




................................................
W B McGowan
Designated member

Date: 7 November 2024

The notes on page 3 form part of these financial statements.

William McGowan Property Investments LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
WILLIAM MCGOWAN PROPERTY INVESTMENTS LLP
REGISTERED NUMBER: OC414477
 
1.1

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.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
550,346
543,712

550,346
543,712

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due within one year
550,346
543,712

550,346
543,712

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

 
Page 3