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Registered number: OC421529

Lake District Property Portfolio LLP

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Lake District Property Portfolio LLP

CONTENTS
Page
Report of the Members-
Report of the Accountants-
Profit and Loss Account-
Balance Sheet3
Notes to the Accounts4
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account-
Profit and Loss Account Summaries-
Capital Accounts-
Current Accounts-

Lake District Property Portfolio LLP

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DESIGNATED MEMBERS
Thirlmere Investments Ltd
Stearsby Hagg Property Company Limited
Rawlings York Limited
B R & J Hurford Limited
S R Brockbank
J T Brockbank
R J Watson
K M Watson
REGISTERED OFFICE
c/o Edwin Thompson
Fifteen Rosehill, Montgomery Way, Rosehi
Carlisle
CA1 2RW
COMPANY NUMBER
OC421529
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Lake District Property Portfolio LLP

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets22,801,7342,801,734
CURRENT ASSETS
Debtors344,59849,330
Cash at bank and in hand249244
44,84749,574
CREDITORS: Amounts falling due within one year532,60333,493
NET CURRENT ASSETS12,24416,081
NET ASSETS ATTRIBUTABLE TO MEMBERS2,813,9782,817,815
LOANS AND OTHER DEBTS DUE TO MEMBERS2,813,9782,817,815
MEMBERS ' OTHER INTERESTS
2,813,9782,817,815
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members2,813,9782,817,815
2,813,9782,817,815
For the year ending 31/03/2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 07/11/2024 and signed on their behalf by
.............................
Thirlmere Investments Ltd
Designated Member

Lake District Property Portfolio LLP

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Investment properties
Investment properties are included in the financial statements at fair value. No depreciation is provided on such property. Changes in fair value are recognised in the profit and loss account.
1c. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Rental income is recognised as it falls due.
2. TANGIBLE FIXED ASSETS
Investment
PropertiesTotal
££
Cost
At 01/04/20232,801,7342,801,734
At 31/03/20242,801,7342,801,734
Depreciation
At 31/03/2024--
Net Book Amounts
At 31/03/20242,801,7342,801,734
At 31/03/20232,801,7342,801,734

Lake District Property Portfolio LLP

3. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors6,125-
Other Debtors38,47349,330
44,59849,330
4. EMPLOYEES
20242023
No.No.
Average number of employees--
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Taxation and social security9532,050
Other creditors31,65031,443
32,60333,493