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REGISTERED NUMBER: OC384961 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Quartz Investments LLP

Quartz Investments LLP (Registered number: OC384961)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

General Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Quartz Investments LLP

General Information
for the year ended 31 March 2024







DESIGNATED MEMBERS: Mr T G Haslam
Mr N J Tripp
Ms G J Ackrill
Mr J T Suffield





REGISTERED OFFICE: 13 The Courtyard
Timothys Bridge Rd
Stratford
Warwickshire
CV37 9NP





REGISTERED NUMBER: OC384961 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Quartz Investments LLP (Registered number: OC384961)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 782 977
Investment property 5 4,745,617 4,745,617
4,746,399 4,746,594

CURRENT ASSETS
Debtors 6 103,512 178,546
Cash at bank 87,257 6,194
190,769 184,740
CREDITORS
Amounts falling due within one year 7 367,745 349,073
NET CURRENT LIABILITIES (176,976 ) (164,333 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,569,423

4,582,261

CREDITORS
Amounts falling due after more than one
year

8

1,293,672

1,436,849
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,275,751

3,145,412

Quartz Investments LLP (Registered number: OC384961)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

972,787

1,345,604

MEMBERS' OTHER INTERESTS
Capital accounts 2,302,964 1,799,808
3,275,751 3,145,412

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 972,787 1,345,604
Members' other interests 2,302,964 1,799,808
3,275,751 3,145,412

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.

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 6 January 2025 and were signed by:





Mr T G Haslam - Designated member

Quartz Investments LLP (Registered number: OC384961)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Quartz Investments 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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 etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Members' remuneration and division of profits
The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

All members are equity members and share in the profits and subscribe the entire capital. Members
draw a proportion of their profit share on account, with any balance paid in the following year. Payments are made subject to the cash requirements of the business

Quartz Investments LLP (Registered number: OC384961)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2023 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,618
DEPRECIATION
At 1 April 2023 641
Charge for year 195
At 31 March 2024 836
NET BOOK VALUE
At 31 March 2024 782
At 31 March 2023 977

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 4,745,617
NET BOOK VALUE
At 31 March 2024 4,745,617
At 31 March 2023 4,745,617

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 805,343
Valuation in 2021 (94,389 )
Valuation in 2022 (2,050,000 )
Cost 6,084,663
4,745,617

Quartz Investments LLP (Registered number: OC384961)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 89,932 132,639
Other debtors 9,830 45,907
99,762 178,546

Amounts falling due after more than one year:
Other debtors 3,750 -

Aggregate amounts 103,512 178,546

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 231,047 211,538
Trade creditors 20,283 18,350
Taxation and social security 3,333 12,862
Other creditors 113,082 106,323
367,745 349,073

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,293,672 1,436,849

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,293,672 1,436,849

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to member's rank equally to other creditors.