REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 |
FOR |
PCHP PROPERTY LLP |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 |
FOR |
PCHP PROPERTY LLP |
PCHP PROPERTY LLP (REGISTERED NUMBER: OC328971) |
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 |
PCHP PROPERTY LLP |
GENERAL INFORMATION |
for the Year Ended 5 April 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
10 London Mews |
Paddington |
LONDON |
W2 1HY |
PCHP PROPERTY LLP (REGISTERED NUMBER: OC328971) |
BALANCE SHEET |
5 April 2024 |
5.4.24 | 5.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
241,651 |
34,157 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
241,651 |
34,157 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 241,651 | 34,157 |
Amounts due from members | 5 | - | (94,486 | ) |
241,651 | (60,329 | ) |
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. |
PCHP PROPERTY LLP (REGISTERED NUMBER: OC328971) |
BALANCE SHEET - continued |
5 April 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
PCHP PROPERTY LLP (REGISTERED NUMBER: OC328971) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 5 April 2024 |
1. | STATUTORY INFORMATION |
PCHP Property 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 |
After reviewing the LLPs forecasts and projections, the partners have reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements. |
Turnover |
Turnover represents the provision of property consultancy services excluding VAT and discounts. |
Rendering of services |
Revenue for providing services are recognised when the service has been completed. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Financial instruments |
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties. |
The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
PCHP PROPERTY LLP (REGISTERED NUMBER: OC328971) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 5 April 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 6 April 2023 |
Additions |
At 5 April 2024 |
DEPRECIATION |
At 6 April 2023 |
Charge for year |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.24 | 5.4.23 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.24 | 5.4.23 |
£ | £ |
Hire purchase contracts |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
5.4.24 | 5.4.23 |
£ | £ |
Hire purchase contracts |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
PCHP PROPERTY LLP (REGISTERED NUMBER: OC328971) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 5 April 2024 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
5.4.24 | 5.4.23 |
£ | £ |
Hire purchase contracts | 65,503 | 73,080 |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Monies owed to the partners included in loans and other debts due to members are payable after all creditors have been paid. |