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REGISTERED NUMBER: OC421267 (England and Wales)












FINCROFT LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






FINCROFT LLP (REGISTERED NUMBER: OC421267)






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


FINCROFT LLP

GENERAL INFORMATION
for the year ended 31 March 2024







DESIGNATED MEMBERS: Caruso Partners Limited
Finsbury Securities Limited
S R V Holdings Limited
Summercroft Limited





REGISTERED OFFICE: 14 Pavilion Apartments
St. Johns Wood Road
London
NW8 7HB





REGISTERED NUMBER: OC421267 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

FINCROFT LLP (REGISTERED NUMBER: OC421267)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 - 9

CURRENT ASSETS
Stocks - 5,000
Debtors 5 6,047 810
Cash at bank 488 43,914
6,535 49,724
CREDITORS
Amounts falling due within one year 6 (1,920 ) (5,270 )
NET CURRENT ASSETS 4,615 44,454
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

4,615

44,463

LOANS AND OTHER DEBTS DUE
TO MEMBERS

7

4,615

44,463

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

7

4,615

44,463
Amounts due from members 5 (6,047 ) -
(1,432 ) 44,463

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.

FINCROFT LLP (REGISTERED NUMBER: OC421267)

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 14 June 2024 and were signed by:





Caruso Partners Limited - Designated member

FINCROFT LLP (REGISTERED NUMBER: OC421267)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Fincroft LLP is a Limited Liability Partnership registered in England. Details of the registered office and company number can be found on Page 1.

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.

Turnover
Turnover comprises the proceeds from sale of properties sold in the year, plus rental income receivable up to the end of the accounting period.

Stocks
Stocks comprise freehold property purchased plus the cost of improvements, and are valued at the lower of cost and net realisable value

3. EMPLOYEE INFORMATION

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 9
Disposals (9 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 9

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 810
Other debtors 6,047 -
6,047 810

FINCROFT LLP (REGISTERED NUMBER: OC421267)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 2,311
Other creditors 1,920 2,959
1,920 5,270

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans from members carry an entitlement to a priority profit-share equivalent to 8% p.a. of the loan, to be allocated on completion of the project. In the event of a winding-up, unsecured debts due to members will rank equally with debts due to other unsecured creditors.