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REGISTERED NUMBER: OC437528 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BONNY ESTATES PROPERTY MANAGEMENT LLP

BONNY ESTATES PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC437528)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BONNY ESTATES PROPERTY MANAGEMENT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mr J S Bonny
Mr S J Bonny
Mr J A Bonny (Deceased)





REGISTERED OFFICE: Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: OC437528 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

BONNY ESTATES PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC437528)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 11,886,593 11,781,086

CURRENT ASSETS
Debtors 5 73,162 33,025
Cash at bank 578 -
73,740 33,025
CREDITORS
Amounts falling due within one year 6 35,930 4,383
NET CURRENT ASSETS 37,810 28,642
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

11,924,403

11,809,728

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

37,810

28,642

MEMBERS' OTHER INTERESTS
Capital accounts 11,886,593 11,781,086
11,924,403 11,809,728

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 37,810 28,642
Members' other interests 11,886,593 11,781,086
Amounts due from members 5 (62,560 ) (29,974 )
11,861,843 11,779,754

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.

BONNY ESTATES PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC437528)

STATEMENT OF FINANCIAL POSITION - 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.

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 30 January 2025 and were signed by:





Mr J S Bonny - Designated member

BONNY ESTATES PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC437528)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Bonny Estates Property Management 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.

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.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023 11,781,086
Additions 105,507
At 31 March 2024 11,886,593
Net book value
At 31 March 2024 11,886,593
At 31 March 2023 11,781,086

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,084 -
Amounts owed by group undertakings - 3,051
Amounts due from members 62,560 29,974
Other debtors 3,518 -
73,162 33,025

BONNY ESTATES PROPERTY MANAGEMENT LLP (REGISTERED NUMBER: OC437528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 600 -
Amounts owed to group undertakings 8,741 120
Other creditors 26,589 4,263
35,930 4,383

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 37,810 28,642

Falling due within one year 37,810 28,642

This is not loan to members, this is the current accounts of designated partners.