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REGISTERED NUMBER: OC328971 (England and Wales)















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: P C H Pheysey
Ms H E Fifield





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: OC328971 (England and Wales)





ACCOUNTANTS: Stein Richards
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 82,791 84,921

CURRENT ASSETS
Debtors 5 45,813 94,486
Cash at bank 423,676 148,718
469,489 243,204
CREDITORS
Amounts falling due within one year 6 150,963 126,725
NET CURRENT ASSETS 318,526 116,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,317

201,400

CREDITORS
Amounts falling due after more than one
year

7

159,666

167,243
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 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.

PCHP PROPERTY LLP (REGISTERED NUMBER: OC328971)

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 23 January 2025 and were signed by:





P C H Pheysey - Designated member

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
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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33.33% reducing balance

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 1 (2023 - 1 ) .

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 3,580 125,064 4,866 133,510
Additions - 25,498 - 25,498
At 5 April 2024 3,580 150,562 4,866 159,008
DEPRECIATION
At 6 April 2023 3,540 40,220 4,829 48,589
Charge for year 12 27,585 31 27,628
At 5 April 2024 3,552 67,805 4,860 76,217
NET BOOK VALUE
At 5 April 2024 28 82,757 6 82,791
At 5 April 2023 40 84,844 37 84,921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 18,628 -
Other debtors 27,185 94,486
45,813 94,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Hire purchase contracts 7,577 7,577
Taxation and social security 61,274 61,358
Other creditors 82,112 57,790
150,963 126,725

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Hire purchase contracts 57,926 65,503
Other creditors 101,740 101,740
159,666 167,243

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 101,740 101,740

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.