Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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4,585,000 | 4,585,000 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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156,996 | 186,736 | |||
Creditors: amounts falling due within one year | 5 | (
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(
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Net current liabilities | (414,747) | (329,908) | ||
Total assets less current liabilities | 4,170,253 | 4,255,092 | ||
Creditors: amounts falling due after more than one year | 6 | (
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(
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Net assets attributable to members |
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Represented by | ||||
Loans and other debts due to members within one year | ||||
Other amounts | 494,037 | 578,876 | ||
494,037 | 578,876 | |||
Members' other interests | ||||
Members' capital classified as equity | 12 | 12 | ||
Revaluation reserve | 466,704 | 466,704 | ||
466,716 | 466,716 | |||
960,753 | 1,045,592 | |||
Total members' interests | ||||
Loans and other debts due to members | 494,037 | 578,876 | ||
Members' other interests | 466,716 | 466,716 | ||
960,753 | 1,045,592 |
Members' responsibilities:
The financial statements of N17 H2I Portfolio LLP (registered number:
J R Curtis
Designated member |
EQUITY Members' other interests |
DEBT Loans and other debts due to members less any amounts due from members in debtors |
Total members' interests | ||||
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Members' capital (classified as equity) | Revaluation reserves | Other reserves | Total | Other amounts | Total | |
£ | £ | £ | £ | £ | £ | |
Amounts due to members | 588,056 | |||||
Balance at 01 April 2022 | 12 | 466,704 | (2,349) | 464,367 | 588,056 | 1,052,423 |
Members' remuneration charged as an expense, including employment and retirement benefit costs | 0 | 0 | 0 | 0 | 32,199 | 32,199 |
Members' interest after result for the financial year | 12 | 466,704 | (2,349) | 464,367 | 620,255 | 1,084,622 |
Division of result | 0 | 0 | 2,349 | 2,349 | (2,349) | 0 |
Drawings | 0 | 0 | 0 | 0 | (39,030) | (39,030) |
Amounts due to members | 578,876 | |||||
Balance at 31 March 2023 | 12 | 466,704 | 0 | 466,716 | 578,876 | 1,045,592 |
Members' remuneration charged as an expense, including employment and retirement benefit costs | 0 | 0 | 0 | 0 | (70,350) | (70,350) |
Members' interest after result for the financial year | 12 | 466,704 | 0 | 466,716 | 508,526 | 975,242 |
Drawings | 0 | 0 | 0 | 0 | (14,489) | (14,489) |
Amounts due to members | 494,037 | |||||
Balance at 31 March 2024 | 12 | 466,704 | 0 | 466,716 | 494,037 | 960,753 |
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
N17 H2I Portfolio LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Langley House, Park Road, London, N2 8EY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
The fair value is determined annually by the members, on an open market value for existing use basis.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the LLP during the year |
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Investment property | |
£ | |
Valuation | |
As at 01 April 2023 |
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As at 31 March 2024 |
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2024 | 2023 | ||
£ | £ | ||
Prepayments |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Other creditors |
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