Registered number
OC319068
Yoooreds Property LLP
Filleted Accounts
31 March 2024
Yoooreds Property LLP
Registered number: OC319068
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 781,040 781,052
Current assets
Debtors 4 59 59
Cash at bank and in hand 7,570 10,224
7,629 10,283
Creditors: amounts falling due within one year 5 (12,349) (12,351)
Net current liabilities (4,720) (2,068)
Total assets less current liabilities 776,320 778,984
Creditors: amounts falling due after more than one year 6 (17,803) (28,949)
Net assets attributable to members 758,517 750,035
Represented by:
Loans and other debts due to members 7 758,517 750,035
758,517 750,035
Total members' interests
Loans and other debts due to members 7 758,517 750,035
758,517 750,035
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 2 December 2024 and signed on their behalf by:
…………………………..
N Wood
Designated member
Yoooreds Property LLP
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover represents rental income received.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 781,004 5,669 786,673
At 31 March 2024 781,004 5,669 786,673
Depreciation
At 1 April 2023 - 5,621 5,621
Charge for the year - 12 12
At 31 March 2024 - 5,633 5,633
Net book value
At 31 March 2024 781,004 36 781,040
At 31 March 2023 781,004 48 781,052
4 Debtors 2024 2023
£ £
Other debtors 59 59
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,184 11,222
Other creditors 1,165 1,129
12,349 12,351
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,803 28,949
7 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits 758,517 750,035
Amounts falling due within one year 758,517 750,035
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
Yoooreds Property LLP is a limited liability partnership incorporated in England. Its registered office is:
8 New Road
Linslade
Leighton Buzzard
Bedfordshire
LU7 2LX
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