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REGISTERED NUMBER: OC376124 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 6 APRIL 2023 TO 4 APRIL 2024

FOR

SEEL STREET ESTATES LLP

SEEL STREET ESTATES LLP (REGISTERED NUMBER: OC376124)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 APRIL 2023 TO 4 APRIL 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


SEEL STREET ESTATES LLP

GENERAL INFORMATION
FOR THE PERIOD 6 APRIL 2023 TO 4 APRIL 2024







DESIGNATED MEMBERS: G L Stamper
W E M Stamper





REGISTERED OFFICE: 1a The Meadows
Rainhill
Merseyside
L35 0PQ





REGISTERED NUMBER: OC376124 (England and Wales)





ACCOUNTANTS: John Kerr - Chartered Accountants
375 Eaton Road
West Derby
Liverpool
Merseyside
L12 2AH

SEEL STREET ESTATES LLP (REGISTERED NUMBER: OC376124)

REPORT OF THE MEMBERS
FOR THE PERIOD 6 APRIL 2023 TO 4 APRIL 2024


The members present their report with the financial statements of the LLP for the period 6 April 2023 to 4 April 2024.

DESIGNATED MEMBERS
The designated members during the period under review were:

G L Stamper
W E M Stamper

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £83,556 (2023 - £55,225 profit).

MEMBERS' INTERESTS
The capital requirements of the partnership are determined from time to time by the members. Each member is required to subscribe a proportion of this capital. On leaving the partnership, a member's capital is repaid. During the accounting period members may make drawings from allocated profits or accumulated capital. The level and timing of members' drawings is decided by the members, taking into account the partnership's cash requirements for operating activities.

ON BEHALF OF THE MEMBERS:





G L Stamper - Designated member


21 January 2025

SEEL STREET ESTATES LLP (REGISTERED NUMBER: OC376124)

INCOME STATEMENT
FOR THE PERIOD 6 APRIL 2023 TO 4 APRIL 2024

Period
6.4.23
to Year Ended
4.4.24 5.4.23
£    £   

TURNOVER 4,257 -

Administrative expenses 60,109 100,838
(55,852 ) (100,838 )

Other operating income - rents
receivable 147,000 162,486
OPERATING PROFIT 91,148 61,648


Interest payable and similar expenses 7,592 6,423
PROFIT FOR THE FINANCIAL PERIOD BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



83,556



55,225

SEEL STREET ESTATES LLP (REGISTERED NUMBER: OC376124)

BALANCE SHEET
4 APRIL 2024

4.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,988 182,020
Investment properties 5 1,121,250 1,121,250
1,223,238 1,303,270

CURRENT ASSETS
Stocks 9,730 9,730
Debtors 6 339,892 354,774
Cash at bank and in hand 10,301 4,789
359,923 369,293
CREDITORS
Amounts falling due within one year 7 155,661 167,977
NET CURRENT ASSETS 204,262 201,316
TOTAL ASSETS LESS CURRENT LIABILITIES 1,427,500 1,504,586

CREDITORS
Amounts falling due after more than one year 8 51,838 114,700
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,375,662 1,389,886

MEMBERS' LOANS AND OTHER DEBTS 10 1,375,662 1,389,886

TOTAL MEMBERS' INTERESTS
Members' loans and other debts 10 1,375,662 1,389,886

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 period ended 4 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.

SEEL STREET ESTATES LLP (REGISTERED NUMBER: OC376124)

BALANCE SHEET - continued
4 APRIL 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 21 January 2025 and were signed by:





G L Stamper - Designated member

SEEL STREET ESTATES LLP (REGISTERED NUMBER: OC376124)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD 6 APRIL 2023 TO 4 APRIL 2024


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 1,389,886
Amount due from members -
Balance at 6 April 2023 - 1,389,886 1,389,886
Profit for the financial period available
for discretionary division among
members


83,556


-


83,556


Members' interests after profit for the
period

83,556

1,389,886

1,473,442

Other divisions of profit (83,556 ) 83,556 -
Drawings on account and distributions
of profit

-

(97,780

)

(97,780

)

Amount due to members 1,375,662
Amount due from members -
Balance at 4 April 2024 - 1,375,662 1,375,662

SEEL STREET ESTATES LLP (REGISTERED NUMBER: OC376124)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD 6 APRIL 2023 TO 4 APRIL 2024

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 1,334,661
Amount due from members -
Balance at 6 April 2022 - 1,334,661 1,334,661
Profit for the financial period available
for discretionary division among
members


55,225


-


55,225


Members' interests after profit for the
period

55,225

1,334,661

1,389,886

Other divisions of profit (55,225 ) 55,225 -
Amount due to members 1,389,886
Amount due from members -
Balance at 5 April 2023 - 1,389,886 1,389,886

SEEL STREET ESTATES LLP (REGISTERED NUMBER: OC376124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2023 TO 4 APRIL 2024


1. STATUTORY INFORMATION

Seel Street Estates 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost
Office equipment - 20% on cost

Investment properties
Investment properties are included at fair value. Gains and losses are recognised in the income statement.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs
The LLP operates defined contribution pension schemes. Contributions payable to the LLP's pension schemes are charged to profit or loss in the period to which they relate.

Government grants
Government grants are recognised in the income statement so as to match them with the expenditure towards which they are intended to contribute.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2023 - 2 ) .

SEEL STREET ESTATES LLP (REGISTERED NUMBER: OC376124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2023 TO 4 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2023 51,605 406,926 1,154 459,685
Additions - - 1,625 1,625
Disposals - (113,731 ) - (113,731 )
At 4 April 2024 51,605 293,195 2,779 347,579
DEPRECIATION
At 6 April 2023 51,605 225,370 690 277,665
Charge for period - (8,146 ) 555 (7,591 )
Eliminated on disposal - (24,483 ) - (24,483 )
At 4 April 2024 51,605 192,741 1,245 245,591
NET BOOK VALUE
At 4 April 2024 - 100,454 1,534 101,988
At 5 April 2023 - 181,556 464 182,020

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 6 April 2023 218,343
Disposals (61,006 )
At 4 April 2024 157,337
DEPRECIATION
At 6 April 2023 51,795
Charge for period 14,926
Eliminated on disposal (1,761 )
At 4 April 2024 64,960
NET BOOK VALUE
At 4 April 2024 92,377
At 5 April 2023 166,548

SEEL STREET ESTATES LLP (REGISTERED NUMBER: OC376124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2023 TO 4 APRIL 2024


5. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 6 April 2023
and 4 April 2024 1,121,250
NET BOOK VALUE
At 4 April 2024 1,121,250
At 5 April 2023 1,121,250

Fair value at 4 April 2024 is represented by:
£   
Valuation in 2024 1,121,250

If investment properties had not been revalued they would have been included at the following historical cost:

4.4.24 5.4.23
£    £   
Cost 1,002,051 1,002,051

Investment properties were valued on a fair value basis on 5 April 2024 by the designated members .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4.4.24 5.4.23
£    £   
Other debtors 339,892 354,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4.4.24 5.4.23
£    £   
Bank loans and overdrafts 10,148 9,798
Hire purchase contracts 27,976 40,704
Trade creditors 2,061 1,981
Taxation and social security 7,495 -
Other creditors 107,981 115,494
155,661 167,977

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
4.4.24 5.4.23
£    £   
Bank loans 12,291 22,591
Hire purchase contracts 39,547 92,109
51,838 114,700

SEEL STREET ESTATES LLP (REGISTERED NUMBER: OC376124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2023 TO 4 APRIL 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

4.4.24 5.4.23
£    £   
Hire purchase contracts 67,523 132,813

The hire purchase contracts are secured on the assets financed.

10. MEMBERS' LOANS AND OTHER DEBTS

Loans and other debts due to members (other than members' capital classified as debt) rank equally with debts due to other unsecured creditors in a winding up. There are no restrictions on the ability of the members to reduce the amount of the Members' interests.