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REGISTERED NUMBER: OC422103 (England and Wales)












THE ANTELOPE PROPERTY PARTNERSHIP LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024






THE ANTELOPE PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC422103)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE ANTELOPE PROPERTY PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DESIGNATED MEMBERS: Miss A Ramsey-Williams
D Ramsey-Williams
Campion Gardens Care Home Limited





REGISTERED OFFICE: Campion Gardens
Retirement Village
Clyne Common
Swansea
Wales
SA3 3JB





REGISTERED NUMBER: OC422103 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

THE ANTELOPE PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC422103)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 458,531 458,531

CURRENT ASSETS
Debtors 5 135,209 169,962
Cash at bank 6,942 222,324
142,151 392,286
CREDITORS
Amounts falling due within one year 6 435,610 614,445
NET CURRENT LIABILITIES (293,459 ) (222,159 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,072

236,372

CREDITORS
Amounts falling due after more than one year 7 - 206,372
NET ASSETS ATTRIBUTABLE TO MEMBERS 165,072 30,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

135,072

-

MEMBERS' OTHER INTERESTS
Capital accounts 30,000 30,000
165,072 30,000

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 135,072 -
Members' other interests 30,000 30,000
Amounts due from members 5 (130,697 ) (138,016 )
34,375 (108,016 )

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 30 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.

THE ANTELOPE PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC422103)

BALANCE SHEET - continued
30 APRIL 2024


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 31 January 2025 and were signed by:





S A Ramsey-Williams - Designated member

THE ANTELOPE PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC422103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

The Antelope Property Partnership 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.

Investment property
Investment property is initially recognised at cost. Any aggregate surplus or deficit arising on disposal is recognised in profit or loss.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 458,531
NET BOOK VALUE
At 30 April 2024 458,531
At 30 April 2023 458,531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 135,209 169,962

THE ANTELOPE PROPERTY PARTNERSHIP LLP (REGISTERED NUMBER: OC422103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 600
Amounts owed to associates 105,610 283,845
Other creditors 330,000 330,000
435,610 614,445

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to associates - 206,372

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Loans 270,000 270,000

The company's lenders hold security by way of a fixed charge over all the property known as the Antelope Pub and a negative pledge.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

The partnership has given a first charge in respect of loans and other debts due to members. Unsecured creditors rank behind the holder of the first charge. There is no provision for specific legally enforceable protection afforded to such creditors in the event of a winding up. There are no restrictions or limitations on the ability of the members to reduce the amount of Members' other interests.