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REGISTERED NUMBER: OC423949 (England and Wales)















Financial Statements for the Year Ended 5 April 2024

for

The Craneborne Estate LLP

The Craneborne Estate LLP (Registered number: OC423949)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Craneborne Estate LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: J Crane
Ms S M Mills





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: OC423949 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

The Craneborne Estate LLP (Registered number: OC423949)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,273,000 1,273,000

CURRENT ASSETS
Cash at bank 685 5,213

CREDITORS
Amounts falling due within one year 5 3,129 4,800
NET CURRENT (LIABILITIES)/ASSETS (2,444 ) 413
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,270,556

1,273,413

CREDITORS
Amounts falling due after more than one
year

6

954,388

927,829
NET ASSETS ATTRIBUTABLE TO
MEMBERS

316,168

345,584

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

316,168

345,584

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 316,168 345,584

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 5 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 Craneborne Estate LLP (Registered number: OC423949)

Balance Sheet - continued
5 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:





J Crane - Designated member

The Craneborne Estate LLP (Registered number: OC423949)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

The Craneborne Estate 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
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover 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
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 1,273,000
NET BOOK VALUE
At 5 April 2024 1,273,000
At 5 April 2023 1,273,000

The Craneborne Estate LLP (Registered number: OC423949)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors (1 ) 2,400
Other creditors 3,130 2,400
3,129 4,800

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Other creditors 954,388 927,829

Amounts falling due in more than five years:

Repayable by instalments
Mortgages 954,388 927,829

7. 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.