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REGISTERED NUMBER: OC428132 (England and Wales)










Report of the Members and

Financial Statements

for the Year Ended 31 March 2024

for

HIGHVIEW PROPERTY HOLDINGS LLP

HIGHVIEW PROPERTY HOLDINGS LLP (REGISTERED NUMBER: OC428132)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


HIGHVIEW PROPERTY HOLDINGS LLP

General Information
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: S Singh
Ms S Watts





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: OC428132 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

HIGHVIEW PROPERTY HOLDINGS LLP (REGISTERED NUMBER: OC428132)

Report of the Members
FOR THE YEAR ENDED 31 MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of Investment property.

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

S Singh
Ms S Watts

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £32,756 (2023 - £15,580 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





S Singh - Designated member


9 January 2025

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Highview Property Holdings LLP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Highview Property Holdings LLP for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Highview Property Holdings LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Highview Property Holdings LLP and state those matters that we have agreed to state to the members of Highview Property Holdings LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Highview Property Holdings LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Highview Property Holdings LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Highview Property Holdings LLP. You consider that Highview Property Holdings LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Highview Property Holdings LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA


9 January 2025

HIGHVIEW PROPERTY HOLDINGS LLP (REGISTERED NUMBER: OC428132)

Income Statement
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
£    £   

REVENUE 83,905 69,885

Administrative expenses 11,578 15,409
72,327 54,476

Other operating income 83 1,000
OPERATING PROFIT 72,410 55,476


Interest payable and similar expenses 39,654 39,896
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




32,756




15,580

HIGHVIEW PROPERTY HOLDINGS LLP (REGISTERED NUMBER: OC428132)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,400,000 1,400,000

CURRENT ASSETS
Debtors 5 795,471 787,645
Cash at bank 17,189 5,364
812,660 793,009
CREDITORS
Amounts falling due within one year 6 13,026 18,226
NET CURRENT ASSETS 799,634 774,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,199,634

2,174,783

CREDITORS
Amounts falling due after more than one
year

7

1,084,032

1,090,689
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,115,602

1,084,094

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,115,602

1,084,094

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,115,602 1,084,094

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 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 9 January 2025 and were signed by:





S Singh - Designated member

HIGHVIEW PROPERTY HOLDINGS LLP (REGISTERED NUMBER: OC428132)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Highview Property Holdings LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

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

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
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,400,000
NET BOOK VALUE
At 31 March 2024 1,400,000
At 31 March 2023 1,400,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by connected companies 795,180 787,400
Other debtors 291 245
795,471 787,645

HIGHVIEW PROPERTY HOLDINGS LLP (REGISTERED NUMBER: OC428132)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,894 9,891
Other creditors 3,132 8,335
13,026 18,226

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,041 24,939
Other creditors 1,068,991 1,065,750
1,084,032 1,090,689

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,068,991 1,065,750

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Loans 1,068,991 1,065,750

Loans are secured by way of fixed charges over the investment property of the LLP and it contains negative pledge.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

10. RELATED PARTY DISCLOSURES

Included in debtor, amounts falling due within one year, is an amount of £795,180 (2023 : £787,400) owed by a connected company.The loan is repayable on demand.