Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 31 March 2024 31 March 2024 OC379566 London Pumps Ltd Pumpstock Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC379566 2023-04-30 OC379566 2024-03-31 OC379566 2023-05-01 2024-03-31 OC379566 frs-core:CurrentFinancialInstruments 2024-03-31 OC379566 frs-core:Non-currentFinancialInstruments 2024-03-31 OC379566 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-03-31 OC379566 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-03-31 OC379566 frs-bus:FilletedAccounts 2023-05-01 2024-03-31 OC379566 frs-bus:SmallEntities 2023-05-01 2024-03-31 OC379566 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 OC379566 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-03-31 OC379566 frs-countries:EnglandWales 2023-05-01 2024-03-31 OC379566 frs-bus:PartnerLLP1 2023-05-01 2024-03-31 OC379566 frs-bus:PartnerLLP2 2023-05-01 2024-03-31 OC379566 2022-04-30 OC379566 2023-04-30 OC379566 2022-05-01 2023-04-30 OC379566 frs-core:CurrentFinancialInstruments 2023-04-30 OC379566 frs-core:Non-currentFinancialInstruments 2023-04-30 OC379566 frs-core:OtherReservesSubtotal 2022-04-30
Registered number: OC379566
Soriano Property Investments LLP
Unaudited Financial Statements
For the Period 1 May 2023 to 31 March 2024
Elsburys Ltd
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—5
Notes to the Financial Statements 5—6
Page 1
Balance Sheet
Registered number: OC379566
31 March 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,914,999 1,914,999
1,914,999 1,914,999
CURRENT ASSETS
Debtors 5 9,016 4,409
Cash at bank and in hand 16,657 7,049
25,673 11,458
Creditors: Amounts Falling Due Within One Year 6 (12,618 ) (13,791 )
NET CURRENT ASSETS (LIABILITIES) 13,055 (2,333 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,928,054 1,912,666
Creditors: Amounts Falling Due After More Than One Year 7 (1,125,326 ) (1,121,672 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 802,728 790,994
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability 368,921 363,202
368,921 363,202
Equity
Members' other interests
Members' capital 427,792 427,792
Other reserves 6,015 -
433,807 427,792
802,728 790,994
TOTAL MEMBERS' INTEREST
Amounts due from members (6,015) -
Loans and other debts due to members 368,921 363,202
Members' other interests 433,807 427,792
796,713 790,994
Page 1
Page 2
For the period ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
London Pumps Ltd
Designated Member
14/01/2025
The notes on pages 5 to 6 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Members'Capital classified as Equity Other Reserves Total Equity Members'Capital classified as Debt
£ £ £ £
Amounts due to members - - - 370,250
Balance at 1 May 2022 427,792 - 427,792 370,250
Profit/(loss) for the financial year available for discretionary division among members - (21,508 ) (21,508 ) -
Members' interests after profit/(loss) for the year 427,792 (21,508) 406,284 370,250
Introduced by members - - - 18,960
Repayment of debt (including members' capital classified as liability) - - - (21,508)
Other Movements - 21,508 21,508 (4,500)
Amounts due to members - - - 363,202
As at 30 April 2023 and 1 May 2023 427,792 - 427,792 363,202
Profit/(loss) for the financial year available for discretionary division among members - (6,015 ) (6,015 ) -
Members' interests after profit/(loss) for the year 427,792 (6,015) 421,777 363,202
Other divisions of profits (losses) - 6,015 6,015 -
Introduced by members - - - 16,234
Repayment of debt (including members' capital classified as liability) - - - (6,015)
Other Movements - 6,015 6,015 (4,500)
Amounts due to members - - - 368,921
Amounts due from members - - - -
As at 31 March 2024 427,792 6,015 433,807 368,921
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Other amounts Total Debts Total members' interest
£ £ £
Amounts due to members - 370,250 -
Balance at 1 May 2022 - 370,250 798,042
Profit/(loss) for the financial year available for discretionary division among members - - (21,508 )
Members' interests after profit/(loss) for the year - 370,250 776,534
...CONTINUED
Page 3
Page 4
Introduced by members - 18,960 18,960
Repayment of debt (including members' capital classified as liability) - (21,508) (21,508)
Other Movements - (4,500) 17,008
Amounts due to members - 363,202 -
As at 30 April 2023 and 1 May 2023 - 363,202 790,994
Profit/(loss) for the financial year available for discretionary division among members - - (6,015 )
Members' interests after profit/(loss) for the year - 363,202 784,979
Other divisions of profits (losses) (6,015) (6,015) -
Introduced by members - 16,234 16,234
Repayment of debt (including members' capital classified as liability) - (6,015) (6,015)
Other Movements - (4,500) 1,515
Amounts due to members - 368,921 -
Amounts due from members (6,015) (6,015) -
As at 31 March 2024 (6,015) 362,906 796,713
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Soriano Property Investments LLP is a limited liability partnership, incorporated in England & Wales, registered number OC379566 . The Registered Office is Unit 7 Beverley Trading Estate, Garth Ro, Garth Road, Morden, SM4 4LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL (2023: )
- -
4. Investment Property
31 March 2024
£
Fair Value
As at 1 May 2023 and 31 March 2024 1,914,999
5. Debtors
31 March 2024 30 April 2023
£ £
Due within one year
Trade debtors 1,138 2,949
Other debtors 7,878 1,460
9,016 4,409
Page 5
Page 6
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 April 2023
£ £
Other creditors 12,618 13,791
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 April 2023
£ £
Bank loans 1,125,326 1,121,672
Page 6