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AM/PM Real Estate LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC341132
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 758,250 758,250
758,250 758,250
CURRENT ASSETS
Cash at bank and in hand 13,234 41,594
13,234 41,594
Creditors: Amounts Falling Due Within One Year 5 (1,478 ) (7,875 )
NET CURRENT ASSETS (LIABILITIES) 11,756 33,719
TOTAL ASSETS LESS CURRENT LIABILITIES 770,006 791,969
Creditors: Amounts Falling Due After More Than One Year 6 (750,000 ) (750,000 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 20,006 41,969
REPRESENTED BY:
Equity
Members' other interests
Other reserves 20,006 41,969
20,006 41,969
TOTAL MEMBERS' INTEREST
Members' other interests 20,006 41,969
20,006 41,969
Page 1
Page 2
For the year 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
Mr P B Moore
Designated Member
31 December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AM/PM Real Estate LLP is a limited liability partnership, incorporated in England & Wales, registered number OC341132 . The Registered Office is Bryants House, Wards Lane, Wadhurst, East Sussex, TN5 6HP.
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 represents net invoiced sales of services, excluding VAT.
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:
Freehold 0% as the value exceeds original cost
Equipment fully depreciated
Motor Vehicles fully depreciated
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Equipment Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 758,250 8,254 30,444 796,948
As at 31 March 2024 758,250 8,254 30,444 796,948
Depreciation
As at 1 April 2023 - 8,254 30,444 38,698
As at 31 March 2024 - 8,254 30,444 38,698
Net Book Value
As at 31 March 2024 758,250 - - 758,250
As at 1 April 2023 758,250 - - 758,250
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade and other creditors 1,478 7,875
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgages 750,000 750,000
7. Related Party Transactions
The business received services to the value of £0 (2023: £12,150) from Bulstrode Properties Limited, a company in which the partners are directors, charged at normal commercial rates.
Page 4