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REGISTERED NUMBER: OC335000 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Badminton Estates Property LLP

Badminton Estates Property LLP (Registered number: OC335000)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Badminton Estates Property LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M Williams
Badminton Estates Limited
Mrs L Williams





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: OC335000 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Badminton Estates Property LLP (Registered number: OC335000)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,102 3,460
Investments 5 16,219 18,016
Investment property 6 1,496,000 1,496,000
1,577,321 1,517,476

CURRENT ASSETS
Debtors 7 70,103 512,499
Cash at bank 63,353 55,189
133,456 567,688
CREDITORS
Amounts falling due within one year 8 67,718 392,632
NET CURRENT ASSETS 65,738 175,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,643,059

1,692,532

CREDITORS
Amounts falling due after more than one year 9 25,250 61,126
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,617,809

1,631,406

Badminton Estates Property LLP (Registered number: OC335000)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 1,617,809 1,631,406
1,617,809 1,631,406

TOTAL MEMBERS' INTERESTS
Members' other interests 1,617,809 1,631,406

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 27 January 2025 and were signed by:





M Williams - Designated member

Badminton Estates Property LLP (Registered number: OC335000)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Badminton Estates 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 as modified by the revaluation of certain assets.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the company's forecasts and projections, the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover represents rents received and consultancy income, net of value added tax.

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 - 25% 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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Badminton Estates Property LLP (Registered number: OC335000)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provision for liabilities
Provisions are recognised when the group has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 12,269
Additions 129,076
Disposals (59,690 )
At 31 March 2024 81,655
DEPRECIATION
At 1 April 2023 8,809
Charge for year 9,734
Eliminated on disposal (1,990 )
At 31 March 2024 16,553
NET BOOK VALUE
At 31 March 2024 65,102
At 31 March 2023 3,460

Badminton Estates Property LLP (Registered number: OC335000)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Brought forward 18,016 12,642
Net movements (1,797 ) 5,374
16,219 18,016

Fixed Asset Investments represents the LLP's capital account balance in a Limited Liability Partnership.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,496,000
NET BOOK VALUE
At 31 March 2024 1,496,000
At 31 March 2023 1,496,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 250,000
Cost 1,246,000
1,496,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 440,466
Other debtors 70,103 72,033
70,103 512,499

Badminton Estates Property LLP (Registered number: OC335000)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 35,307 34,737
Trade creditors 4,662 -
Taxation and social security 9,416 89,520
Other creditors 18,333 268,375
67,718 392,632

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 25,250 61,126

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 60,557 95,863

The loans are secured on the freehold property.

11. RELATED PARTY DISCLOSURES

As at 31 March 2024 £70,103 (2023: £70,103) was owed from a company connected to key management personnel.