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REGISTERED NUMBER: OC423226 (England and Wales)












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 3,690,565 626,023

CURRENT ASSETS
Debtors 230,000 356,684
Cash at bank 19,415 21,574
249,415 378,258
CREDITORS
Amounts falling due within one year 121,094 279,772
NET CURRENT ASSETS 128,321 98,486
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 LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

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 have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 19 December 2024 and were signed by:





S C Lawn - Designated member

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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 machinery25% 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 636,249
Additions 408,959
Revaluations 2,664,105
At 31 March 2024 3,709,313
DEPRECIATION
At 1 April 2023 10,226
Charge for year 8,522
At 31 March 2024 18,748
NET BOOK VALUE
At 31 March 2024 3,690,565
At 31 March 2023 626,023

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.