PTP Accounts Production v24.3.2.46 OC378576 designated member 6.4.23 5.4.24 5.4.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3785762023-04-05OC3785762024-04-05OC3785762023-04-062024-04-05OC3785762022-04-05OC3785762022-04-062023-04-05OC3785762023-04-05OC378576ns15:EnglandWales2023-04-062024-04-05OC378576ns14:PoundSterling2023-04-062024-04-05OC378576ns10:PartnerLLP12023-04-062024-04-05OC378576ns10:LimitedLiabilityPartnershipLLP2023-04-062024-04-05OC378576ns10:SmallEntities2023-04-062024-04-05OC378576ns10:AuditExempt-NoAccountantsReport2023-04-062024-04-05OC378576ns10:SmallCompaniesRegimeForAccounts2023-04-062024-04-05OC378576ns10:LimitedLiabilityPartnershipsSORP2023-04-062024-04-05OC378576ns10:FullAccounts2023-04-062024-04-05OC378576ns10:PartnerLLP22023-04-062024-04-05OC378576ns10:RegisteredOffice2023-04-062024-04-05OC378576ns5:CurrentFinancialInstruments2024-04-05OC378576ns5:CurrentFinancialInstruments2023-04-05OC378576ns5:Non-currentFinancialInstruments2024-04-05OC378576ns5:Non-currentFinancialInstruments2023-04-05OC378576ns5:LandBuildings2023-04-05OC378576ns5:LandBuildings2024-04-05OC378576ns5:LandBuildings2023-04-05OC378576ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-05OC378576ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-05OC378576ns5:Non-currentFinancialInstruments2023-04-062024-04-05
REGISTERED NUMBER: OC378576 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Newco 684 LLP

Newco 684 LLP (Registered number: OC378576)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newco 684 LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: Ms J Morris
A S Higgins





REGISTERED OFFICE: C/O Dia Piper UK LLP
1 St Peters Square
Manchester
M2 3DE





REGISTERED NUMBER: OC378576 (England and Wales)






Newco 684 LLP (Registered number: OC378576)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,389,345 4,389,345

CURRENT ASSETS
Debtors 5 862,621 648,218
Cash in hand 90,299 119,921
952,920 768,139
CREDITORS
Amounts falling due within one year 6 784,134 769,653
NET CURRENT ASSETS/(LIABILITIES) 168,786 (1,514 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,558,131

4,387,831

CREDITORS
Amounts falling due after more than
one year

7

4,558,131

4,387,831
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 5 (797,565 ) (641,795 )

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 5 April 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.

Newco 684 LLP (Registered number: OC378576)

Balance Sheet - continued
5 April 2024


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

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 31 December 2024 and were signed by:





A S Higgins - Designated member

Newco 684 LLP (Registered number: OC378576)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Newco 684 LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents income received from the car park which has been let on a short term basis whilst the property was under renovation

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases

Long Term Leasehold Property - 50 years straight line with residual value of 80% of cost.

No depreciation has been provided on either the long term leasehold property or the asset under
construction until the development work is completed.

Loan interest
Loan interest is recognised on an accruals basis over the length of the loan.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

Newco 684 LLP (Registered number: OC378576)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 6 April 2023
and 5 April 2024 4,500,001
DEPRECIATION
At 6 April 2023
and 5 April 2024 110,656
NET BOOK VALUE
At 5 April 2024 4,389,345
At 5 April 2023 4,389,345

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 65,056 6,423
Other debtors 797,565 641,795
862,621 648,218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 14,648 7,364
Taxation and social security 10,692 3,495
Other creditors 758,794 758,794
784,134 769,653

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.4.24 5.4.23
£    £   
Other creditors 4,558,131 4,387,831

Newco 684 LLP (Registered number: OC378576)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
5.4.24 5.4.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans falling due after
more than 5 years 4,558,131 4,387,831
4,558,131 4,387,831

The loan bears interest rate at 8% which is accrued until repayment which is 7 years 6 months after practical completion or earlier should the LLP be in receipt of income to enable it commence repayments.

8. ULTIMATE CONTROLLING PARTY

The Members have delegated management of the LLP to the Designated Members. There is no one controlling party.