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REGISTERED NUMBER: OC404445 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Go Trinity Property LLP

Go Trinity Property LLP (Registered number: OC404445)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Go Trinity Property LLP

General Information
for the Year Ended 29 February 2024







DESIGNATED MEMBERS: Mr R Langton
Mr E C Ward





REGISTERED OFFICE: The Homestead
36 Sitwell Street
Spondon
Derbyshire
DE21 7FE





REGISTERED NUMBER: OC404445 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Go Trinity Property LLP (Registered number: OC404445)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48 95
Investment property 5 1,350,000 1,270,000
1,350,048 1,270,095

CURRENT ASSETS
Debtors 6 626,495 405,624
Cash at bank 378 238
626,873 405,862
CREDITORS
Amounts falling due within one year 7 1,095,100 474,079
NET CURRENT LIABILITIES (468,227 ) (68,217 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

881,821

1,201,878

CREDITORS
Amounts falling due after more than one
year

8

11,923

411,980
NET ASSETS ATTRIBUTABLE TO
MEMBERS

869,898

789,898

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Fair value reserve 9 869,898 789,898
869,898 789,898

TOTAL MEMBERS' INTERESTS
Members' other interests 869,898 789,898
Amounts due from members 6 (230,437 ) (90,908 )
639,461 698,990

Go Trinity Property LLP (Registered number: OC404445)

Statement of Financial Position - continued
29 February 2024


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 29 February 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 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 28 November 2024 and were signed by:





Mr R Langton - Designated member

Go Trinity Property LLP (Registered number: OC404445)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Go Trinity Property 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 29 February 2024 12,447
DEPRECIATION
At 1 March 2023 12,352
Charge for year 47
At 29 February 2024 12,399
NET BOOK VALUE
At 29 February 2024 48
At 28 February 2023 95

Go Trinity Property LLP (Registered number: OC404445)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,270,000
Revaluations 80,000
At 29 February 2024 1,350,000
NET BOOK VALUE
At 29 February 2024 1,350,000
At 28 February 2023 1,270,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 1,350,000

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

2024 2023
£    £   
Cost 480,103 480,103

Investment property was valued on an open market basis basis on 29 February 2024 by Mr R Langton, designated member .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 230,437 90,908
Other debtors 396,058 314,716
626,495 405,624

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 825,112 169,405
Other creditors 268,614 303,384
Accruals and deferred income 1,374 1,290
1,095,100 474,079

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 11,923 13,930
Bank loans more 5 yrs non-inst - 398,050
11,923 411,980

Go Trinity Property LLP (Registered number: OC404445)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 398,050

9. RESERVES
Fair
value
reserve
£   
At 1 March 2023 789,898
Revaluation movement 80,000
At 29 February 2024 869,898

10. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with common directors/members amounted to £396,058 (2023: £314,716).