REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2023 to 30 March 2024 |
for |
Penenden Heath Investments LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2023 to 30 March 2024 |
for |
Penenden Heath Investments LLP |
Penenden Heath Investments LLP (Registered number: OC342909) |
Contents of the Financial Statements |
for the Period 1 April 2023 to 30 March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Penenden Heath Investments LLP |
General Information |
for the Period 1 April 2023 to 30 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Penenden Heath Investments LLP (Registered number: OC342909) |
Balance Sheet |
30 March 2024 |
30.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
3,889,338 |
3,499,940 |
Penenden Heath Investments LLP (Registered number: OC342909) |
Balance Sheet - continued |
30 March 2024 |
30.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
3,046,435 |
3,104,642 |
MEMBERS' OTHER INTERESTS |
Revaluation reserve | 11 |
Other reserves |
3,889,338 | 3,499,940 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 3,046,435 | 3,104,642 |
Members' other interests | 842,903 | 395,298 |
Amounts due from members | 6 | (15,806 | ) | - |
3,873,532 | 3,499,940 |
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 were approved by the members of the LLP and authorised for issue on |
Penenden Heath Investments LLP (Registered number: OC342909) |
Notes to the Financial Statements |
for the Period 1 April 2023 to 30 March 2024 |
1. | STATUTORY INFORMATION |
Penenden Heath Investments 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 |
TURNOVER |
Turnover represents sales of properties from the company's trading stock together with rents receivable. |
TANGIBLE FIXED ASSETS |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
No depreciation has been charged on the company's freehold property as the members consider that the economic life of the property and it's residual value, excluding inflation, is such that depreciation is not significant. The residual value of property is regularly reviewed to identify any impairment. |
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 |
The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the LLP's balance sheet when the LLP becomes party to the contractual provisions of the instrument. |
Cash and cash equivalents |
These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less. |
Debtors |
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired. |
Trade creditors |
Trade creditors are not interest bearing and are stated at their nominal value. |
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. |
Penenden Heath Investments LLP (Registered number: OC342909) |
Notes to the Financial Statements - continued |
for the Period 1 April 2023 to 30 March 2024 |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2023 |
Additions |
At 30 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for period |
At 30 March 2024 |
NET BOOK VALUE |
At 30 March 2024 |
At 31 March 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 30 March 2024 |
DEPRECIATION |
Charge for period |
At 30 March 2024 |
NET BOOK VALUE |
At 30 March 2024 |
Penenden Heath Investments LLP (Registered number: OC342909) |
Notes to the Financial Statements - continued |
for the Period 1 April 2023 to 30 March 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2023 |
Additions |
Disposals | ( |
) |
At 30 March 2024 |
DEPRECIATION |
At 1 April 2023 | 13,534 |
Charge for period | 855 |
At 30 March 2024 | 14,389 |
NET BOOK VALUE |
At 30 March 2024 |
At 31 March 2023 |
Fair value at 30 March 2024 is represented by: |
£ |
Valuation in 2020 | 288,947 |
Cost | 4,365,777 |
4,654,724 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.3.24 | 31.3.23 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.3.24 | 31.3.23 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
Penenden Heath Investments LLP (Registered number: OC342909) |
Notes to the Financial Statements - continued |
for the Period 1 April 2023 to 30 March 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.3.24 | 31.3.23 |
£ | £ |
Bank loans |
Hire purchase contracts |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.3.24 | 31.3.23 |
£ | £ |
Hire purchase contracts | 15,889 | - |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Debts due to members rank equally with other creditors in the event of a winding up. |
11. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2023 |
and 30 March 2024 |