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REGISTERED NUMBER: OC433222 (England and Wales)











REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ADAM & EVE MEWS LLP

ADAM & EVE MEWS LLP (REGISTERED NUMBER: OC433222)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


ADAM & EVE MEWS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: P M Connell
Mrs N Connell





REGISTERED OFFICE: 27 Hatchlands Road
Redhill
Surrey
RH1 6RW





REGISTERED NUMBER: OC433222 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

ADAM & EVE MEWS LLP (REGISTERED NUMBER: OC433222)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2024


The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of investment property management.

DESIGNATED MEMBERS
The designated members during the year under review were:

P M Connell
Mrs N Connell

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £38,015 (2023 - £6,331 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





P M Connell - Designated member


21 November 2024

ADAM & EVE MEWS LLP (REGISTERED NUMBER: OC433222)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £ £

TURNOVER 96,000 78,000

Administrative expenses 36,388 11,316
OPERATING PROFIT 59,612 66,684


Interest payable and similar expenses 97,627 60,353
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES


(38,015


)


6,331

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES


(38,015


)


6,331

Members' remuneration charged as an
expense

4

(10,000

)

-
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS



(48,015



)



6,331

ADAM & EVE MEWS LLP (REGISTERED NUMBER: OC433222)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 5 3,000,000 3,000,000

CURRENT ASSETS
Cash at bank - 23,128

CREDITORS
Amounts falling due within one year 6 13,388 2,559
NET CURRENT (LIABILITIES)/ASSETS (13,388 ) 20,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,986,612

3,020,569

CREDITORS
Amounts falling due after more than one
year

7

1,499,855

1,499,695
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,486,757

1,520,874

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,486,757

1,520,874

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,486,757 1,520,874

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.

ADAM & EVE MEWS LLP (REGISTERED NUMBER: OC433222)

BALANCE SHEET - continued
31 MARCH 2024


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

The financial statements were approved by the members of the LLP and authorised for issue on 21 November 2024 and were signed by:





P M Connell - Designated member

ADAM & EVE MEWS LLP (REGISTERED NUMBER: OC433222)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Adam & Eve Mews 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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. INFORMATION IN RELATION TO MEMBERS
2024 2023
£ £
Members' remuneration charged as an expense
Other payments 10,000 -

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,000,000
NET BOOK VALUE
At 31 March 2024 3,000,000
At 31 March 2023 3,000,000

ADAM & EVE MEWS LLP (REGISTERED NUMBER: OC433222)

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 2021 222,682
Cost 2,777,318
3,000,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 6,960 -
Other creditors 6,428 2,559
13,388 2,559

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 1,499,855 1,499,695

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,499,855 1,499,695

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Coutts & Co hold a fixed charge, dated 22 December 2020, over the property shown under investments.