Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-313false2023-04-01Property rental3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC391469 2023-04-01 2024-03-31 OC391469 2022-04-01 2023-03-31 OC391469 2024-03-31 OC391469 2023-03-31 OC391469 c:CurrentFinancialInstruments 2024-03-31 OC391469 c:CurrentFinancialInstruments 2023-03-31 OC391469 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC391469 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC391469 d:FRS102 2023-04-01 2024-03-31 OC391469 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC391469 d:FullAccounts 2023-04-01 2024-03-31 OC391469 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC391469 6 2023-04-01 2024-03-31 OC391469 d:PartnerLLP1 2023-04-01 2024-03-31 OC391469 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC391469 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC391469 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC391469 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC391469 3 2024-03-31 OC391469 3 2023-03-31 OC391469 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC391469









WIND ROSE PROPERTIES LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WIND ROSE PROPERTIES LLP
REGISTERED NUMBER: OC391469

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
3,272,380
3,052,380

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1,304

Cash at bank and in hand
 6 
1,076
2,670

  
1,076
3,974

Creditors: Amounts Falling Due Within One Year
 7 
(2,550)
(5,200)

Net current liabilities
  
 
 
(1,474)
 
 
(1,226)

Total assets less current liabilities
  
3,270,906
3,051,154

  

Net assets
  
3,270,906
3,051,154


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
8,554
8,802

Members' other interests
  

Members' capital classified as equity
  
1,488,300
1,488,300

Other reserves classified as equity
  
1,774,052
1,554,052

  
3,270,906
3,051,154


Total members' interests
  

Loans and other debts due to members
 8 
8,554
8,802

Members' other interests
  
3,262,352
3,042,352

  
3,270,906
3,051,154


Page 1

 
WIND ROSE PROPERTIES LLP
REGISTERED NUMBER: OC391469
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




Lyn Salter
Designated member

Date: 29 November 2024


The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
WIND ROSE PROPERTIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Wind Rose Properties LLP is a limited liability partnership incorporated in England and Wales. The address of the registered office is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA. The principal activity of the LLP continues to be that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

Page 3

 
WIND ROSE PROPERTIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by the members and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of comprehensive income.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The entity has no employees.

Page 4

 
WIND ROSE PROPERTIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investment properties

£



Cost or valuation


At 1 April 2023
3,052,380


Revaluations
220,000



At 31 March 2024
3,272,380






Net book value



At 31 March 2024
3,272,380



At 31 March 2023
3,052,380


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
1,304

-
1,304



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,076
2,670

1,076
2,670



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
2,550
5,200

2,550
5,200


Page 5

 
WIND ROSE PROPERTIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
8,554
8,802

8,554
8,802

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due within one year
8,554
8,802

8,554
8,802

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 6