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Registration number: OC345747

Urban Matrix Properties LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Urban Matrix Properties LLP

Contents

Limited liability partnership information

1

Members' Report

2

Financial Statements

3 to 7

Balance Sheet

3

Notes to the Financial Statements

5

 

Urban Matrix Properties LLP

Limited liability partnership information

Chairman

Urban Matrix Limited

Designated members

Urban Matrix Limited

Clearbarrow Limited

Tristan William Matthiae

Iden Properties (Surrey) Ltd
 

Registered office

53a High Street
Esher
KT10 9RQ

Accountants

Carbon Accountancy Limited
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

 

Urban Matrix Properties LLP

Members' Report for the Year Ended 31 August 2023

The members present their report and the unaudited financial statements for the year ended 31 August 2023.

Designated members

The members who held office during the year were as follows:

Urban Matrix Limited - Chairman

Clearbarrow Limited

Tristan William Matthiae

Iden Properties (Surrey) Ltd

Members' drawings and the subscription and repayment of members' capital

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members may be required to subscribe a minimum level of capital and in subsequent years members invited to subscribe for further capital, the amount of which is determined by the performance and seniority of those members. Onretirement,capital is repaid to members.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to limited liability partnerships.

Approved by the Board on 2 January 2025 and signed on its behalf by:

.........................................
Urban Matrix Limited
Chairman and designated member

 

Urban Matrix Properties LLP

(Registration number: OC345747)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Current assets

 

Stocks

3

-

71,884

Debtors

4

-

935

Cash and short-term deposits

 

809

757

 

809

73,576

Creditors: Amounts falling due within one year

5

(26,518)

(25,124)

Net (liabilities)/assets attributable to members

 

(25,709)

48,452

Represented by:

 

Members’ other interests

 

Members' capital classified as equity

 

63,000

63,000

Other reserves

 

(88,709)

(14,548)

 

(25,709)

48,452

   

(25,709)

48,452

Total members' interests

 

Equity

 

(25,709)

48,452

   

(25,709)

48,452

 

Urban Matrix Properties LLP

(Registration number: OC345747)
Balance Sheet as at 31 August 2023

For the year ending 31 August 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Urban Matrix Properties LLP (registered number OC345747) were approved by the Board and authorised for issue on 2 January 2025. They were signed on behalf of the limited liability partnership by:

.........................................
Urban Matrix Limited
Chairman and designated member

 

Urban Matrix Properties LLP

Notes to the Financial Statements for the Year Ended 31 August 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Urban Matrix Properties LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Going concern

The members intend for the LLP to be wound-up before the conclusion of the next financial year and
therefore believe that preparing the financial statements on a basis other than going concern is appropriate.

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.

 

Urban Matrix Properties LLP

Notes to the Financial Statements for the Year Ended 31 August 2023

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2022 - 0).

 

Urban Matrix Properties LLP

Notes to the Financial Statements for the Year Ended 31 August 2023

3

Stocks

2023
£

2022
£

Stocks

-

71,884

4

Debtors

2023
£

2022
£

Other debtors

-

935

Total current trade and other debtors

-

935

5

Creditors: Amounts falling due within one year

2023
£

2022
£

Trade creditors

-

5,220

Other creditors

24,718

18,334

Accruals and deferred income

1,800

1,570

26,518

25,124