REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
CILERNA PROPERTY ACQUISITIONS LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
CILERNA PROPERTY ACQUISITIONS LLP |
CILERNA PROPERTY ACQUISITIONS LLP (REGISTERED NUMBER: OC423226) |
ABRIDGED BALANCE SHEET |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
3,818,886 |
724,509 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
5 |
3,818,886 |
724,509 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 5 | 3,818,886 | 724,509 |
Amounts due from members | - | (126,684 | ) |
3,818,886 | 597,825 |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs 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. |
CILERNA PROPERTY ACQUISITIONS LLP (REGISTERED NUMBER: OC423226) |
ABRIDGED BALANCE SHEET - continued |
31 March 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
CILERNA PROPERTY ACQUISITIONS LLP (REGISTERED NUMBER: OC423226) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Cilerna Property Acquisitions LLP is registered in England and Wales. The LLP's registered number is OC423226 and the registered office is 7 Heigham Street, Norwich, NR2 4TE. The presentation currency of the financial statements is sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Plant and machinery | 25% reducing balance |
Taxation |
The taxation payable on the profits of the LLP is the personal liability of the members and consequently neither taxation or deferred taxation are provided for in the financial statements. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
CILERNA PROPERTY ACQUISITIONS LLP (REGISTERED NUMBER: OC423226) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1 April 2023 |
Additions |
Revaluations |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
Cost or valuation at 31 March 2024 is represented by: |
Totals |
£ |
Valuation in 2024 | 2,664,105 |
Cost | 1,045,208 |
3,709,313 |
Freehold land and buildings forming part of the assets and property of the LLP were revalued on an open market basis by the designated members at the financial year-end. |
5. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members rank pari passu with unsecured creditors. |