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REGISTERED NUMBER: OC427992 (England and Wales)















MONTELLO APARTMENTS LLP

Unaudited Financial Statements

For The Period 1 August 2023 to 31 March 2024






MONTELLO APARTMENTS LLP (REGISTERED NUMBER: OC427992)

Contents of the Financial Statements
For The Period 1 August 2023 to 31 March 2024










Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MONTELLO APARTMENTS LLP

General Information
For The Period 1 August 2023 to 31 March 2024







DESIGNATED MEMBERS: J Owens
R Owens
Silver Leaf Developments Ltd





REGISTERED OFFICE: Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH





REGISTERED NUMBER: OC427992 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

MONTELLO APARTMENTS LLP (REGISTERED NUMBER: OC427992)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 202,770 29,235
Cash at bank 647 178,522
203,417 207,757
CREDITORS
Amounts falling due within one year 521 731
NET CURRENT ASSETS 202,896 207,026
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

202,897

207,027

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

202,897

207,027

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 202,897 207,027
Amounts due from members (202,770 ) (28,850 )
127 178,177

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 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.

MONTELLO APARTMENTS LLP (REGISTERED NUMBER: OC427992)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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:





J Owens - Designated member

MONTELLO APARTMENTS LLP (REGISTERED NUMBER: OC427992)

Notes to the Financial Statements
For The Period 1 August 2023 to 31 March 2024


1. STATUTORY INFORMATION

Montello Apartments 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.

Turnover
Turnover is measured at the value of the consideration received or receivable, net of discounts and value added taxes, from the rendering of construction services. Turnover is recognised according to the stage of completion of the contract. The stage of completion of a contract if measured by comparing the costs incurred for work performed to date to the total estimated costs of completing the contract. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 July 2023 1

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests.