IRIS Accounts Production v24.2.0.383 OC307307 designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3073072023-03-31OC3073072024-03-31OC3073072023-04-012024-03-31OC3073072022-03-31OC3073072022-04-012023-03-31OC3073072023-03-31OC307307ns15:EnglandWales2023-04-012024-03-31OC307307ns14:PoundSterling2023-04-012024-03-31OC307307ns10:PartnerLLP12023-04-012024-03-31OC307307ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC307307ns10:SmallEntities2023-04-012024-03-31OC307307ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC307307ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC307307ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC307307ns10:FullAccounts2023-04-012024-03-31OC307307ns10:PartnerLLP22023-04-012024-03-31OC307307ns10:RegisteredOffice2023-04-012024-03-31OC307307ns5:CurrentFinancialInstruments2024-03-31OC307307ns5:CurrentFinancialInstruments2023-03-31OC307307ns5:Non-currentFinancialInstruments2024-03-31OC307307ns5:Non-currentFinancialInstruments2023-03-31OC307307ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-31OC307307ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31OC307307ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-31OC307307ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-31OC307307ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-31OC307307ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-31OC307307ns5:CostValuation2023-03-31OC307307ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC307307ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31OC307307ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: OC307307 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE GLASSMILL BATTERSEA LLP

THE GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307)






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


THE GLASSMILL BATTERSEA LLP

GENERAL INFORMATION
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: J K Claydon
M A Heeley





REGISTERED OFFICE: Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA





REGISTERED NUMBER: OC307307 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

THE GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,100,000 3,100,000
Investments 5 700,000 700,000
3,800,000 3,800,000

CURRENT ASSETS
Debtors 6 306,103 260,312
Cash at bank 58,022 77,702
364,125 338,014
CREDITORS
Amounts falling due within one year 7 135,520 92,377
NET CURRENT ASSETS 228,605 245,637
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

4,028,605

4,045,637

CREDITORS
Amounts falling due after more than one
year

8

400,000

400,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

2,838,605

2,855,637

MEMBERS' OTHER INTERESTS
Fair value reserve 10 790,000 790,000
4,028,605 4,045,637

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 2,838,605 2,855,637
Members' other interests 790,000 790,000
3,628,605 3,645,637

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.

THE GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307)

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 22 November 2024 and were signed by:





J K Claydon - Designated member

THE GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Glassmill Battersea LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents rental and service charges applicable to the year excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided

Investment property
The investment properties are revalued in accordance with FRS102 (1a) when the partners consider it to have a material impact on the financial statements. No depreciation is provided. The partners consider that this accounting policy results in the financial statements giving a true and fair view.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 3,100,000
NET BOOK VALUE
At 31 March 2024 3,100,000
At 31 March 2023 3,100,000

Cost or valuation at 31 March 2024 is represented by:

Long
leasehold
£   
Valuation in 2017 790,000
Cost 2,310,000
3,100,000

THE GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

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

31.3.24 31.3.23
£    £   
Cost 2,310,000 2,310,000

Leasehold property was valued on an open market basis on 31 March 2017 by the partners, No significant change found .

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 700,000
NET BOOK VALUE
At 31 March 2024 700,000
At 31 March 2023 700,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 40,072 -
River House Investments Ltd 169,500 150,500
Other debtors 43,581 50,553
VAT 443 3,791
Prepayments 52,507 55,468
306,103 260,312

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 101,348 16,311
Other creditors 10,595 43,998
Accruals and deferred income 23,577 32,068
135,520 92,377

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 400,000 400,000

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors.

THE GLASSMILL BATTERSEA LLP (REGISTERED NUMBER: OC307307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 790,000

11. ULTIMATE CONTROLLING PARTY

Both designated members hold joint control meaning no one individual can have control.