Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseowning and lettting property22falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC436153 2023-04-01 2024-03-31 OC436153 2022-04-01 2023-03-31 OC436153 2024-03-31 OC436153 2023-03-31 OC436153 c:FreeholdInvestmentProperty 2024-03-31 OC436153 c:FreeholdInvestmentProperty 2023-03-31 OC436153 c:CurrentFinancialInstruments 2024-03-31 OC436153 c:CurrentFinancialInstruments 2023-03-31 OC436153 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC436153 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC436153 d:FRS102 2023-04-01 2024-03-31 OC436153 d:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC436153 d:FullAccounts 2023-04-01 2024-03-31 OC436153 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC436153 d:PartnerLLP1 2023-04-01 2024-03-31 OC436153 d:PartnerLLP2 2023-04-01 2024-03-31 OC436153 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC436153 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC436153 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure



Limited Liability Partnership No.OC436153 (England and Wales)





CH PROPERTIES (SOUTH-EAST) LLP

UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
CH PROPERTIES (SOUTH-EAST) LLP
 

INFORMATION




Designated Members

Timothy O'Sullivan
Kacey O'Driscoll

LLP registered number

OC436153

Registered office

22 Barretts Green Road
London
England
NW10 7AE

Accountant

Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE


 
CH PROPERTIES (SOUTH-EAST) LLP
 

CONTENTS



Page
Members' Report
 
 
1 - 2
Accountant's Report
 
 
3
Profit and Loss Account
 
 
4
Balance Sheet
 
 
5 - 6
Notes to the Financial Statements
 
 
7 - 8


 
CH PROPERTIES (SOUTH-EAST) LLP
 
  
MEMBERS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The members present their annual report together with the financial statements of CH Properties (South-East) LLP (the "LLP") for the year ended 31 March 2024
 

Principal activities
 
 
The principal activity of the LLP during the period was that of owning and letting property.
 
 
Designated Members

Timothy O'Sullivan and Kacey O'Driscoll were designated members of the LLP throughout the year.
 
 
Members' capital and interests
 
Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP.
 
 
Details of changes in members' capital in the ended 31 March 2024 are set out in the financial statements.
 
 
Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. 
 

Members' responsibilities statement
 
 
The members are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
 
 
Company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period.

In preparing these financial statements, the members are required to:
 
select suitable accounting policies and then apply them consistently;
 
make judgements and accounting estimates that are reasonable and prudent;
 
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business. 
 
Page 1

 
CH PROPERTIES (SOUTH-EAST) LLP
 
 
MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
 
 
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and to enable them to ensure that the financial statements comply with the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of the Companies Act 2006) Regulations 2008)They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
 
This report was approved by the members on 26 November 2024 and signed on their behalf by:
 
 

___________________________
Kacey O'Driscoll
Designated member
Page 2

 
CH PROPERTIES (SOUTH-EAST) LLP
 
 
  
REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CH PROPERTIES (SOUTH-EAST) LLP
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), I have prepared for your approval the financial statements of CH Properties (South-East) LLP for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified AccountantsI am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the members in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of CH Properties (South-East) LLP and state those matters that I have agreed to state to the CH Properties (South-East) LLP's members in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than CH Properties (South-East) LLP and its members for my work or for this report. 

It is your duty to ensure that CH Properties (South-East) LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of CH Properties (South-East) LLP. You consider that CH Properties (South-East) LLP is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or review of the financial statements of CH Properties (South-East) LLP. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

  



Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE
26 November 2024
Page 3

 
CH PROPERTIES (SOUTH-EAST) LLP
 
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024

2024
2023
£
£

Turnover
23,890
33,832

Cost of sales
(7,170)
(4,740)

Gross profit
16,720
29,092

Administrative expenses
(11,908)
(11,354)

Operating profit
4,812
17,738

Profit for the year before members' remuneration and profit shares
4,812
17,738


Profit for the year before members' remuneration and profit shares
4,812
17,738

Members' remuneration charged as an expense
(4,812)
(17,738)

Results for the year available for discretionary division among members
-
-

Page 4

 
CH PROPERTIES (SOUTH-EAST) LLP
REGISTERED NUMBER:OC436153

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,179,090
1,179,090

  
1,179,090
1,179,090

Current assets
  

Debtors
 5 
1,653
1,653

Cash at bank and in hand
  
73,938
57,276

  
75,591
58,929

Creditors: Amounts Falling Due Within One Year
 6 
(55,463)
(43,613)

Net current assets
  
 
 
20,128
 
 
15,316

Total assets less current liabilities
  
1,199,218
1,194,406

  

Net assets
  
1,199,218
1,194,406


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
1,199,218
1,194,406

  
 
1,199,218
 
1,194,406

  
1,199,218
1,194,406


Total members' interests
  

Members' other interests
  
1,199,218
1,194,406

  
1,199,218
1,194,406


Page 5

 
CH PROPERTIES (SOUTH-EAST) LLP
REGISTERED NUMBER:OC436153
    
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 were approved and authorised for issue by the members and were signed on their behalf on 26 November 2024.




___________________________
Kacey O'Driscoll
Designated member

Page 6

 
CH PROPERTIES (SOUTH-EAST) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

CH Properties (South-East) LLP is a Limited Liability Partnership incorporated in England and Wales and its registered number is OC436153. The registered office is 22 Barretts Green Road, London, England, NW10 7AE.

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

Turnover

Turnover represents the total invoice value of rent receivable during the period.

 
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 .

Profits of the LLP which are not yet divided among the members are shown under 'Other reserves' on the Balance Sheet, pending a discretionary decision to divide the profits.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.4

Investment properties

Investment properties, which are properties held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.


3.


Employees




The average monthly number of employees, including members, during the year was 2 (2023 - 2). The entity has no employees other than members.

Page 7

 
CH PROPERTIES (SOUTH-EAST) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,179,090



At 31 March 2024
1,179,090

The members consider the carrying amounts of the investment properties to be approximate to their fair value at the balance sheet date.







5.


Debtors

2024
2023
£
£


Other debtors
1,500
1,500

Amounts owed by related undertaking
153
153

1,653
1,653



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to related undertaking
41,882
30,542

Other creditors
1,731
1,731

Accruals
11,850
11,340

55,463
43,613


 
Page 8