Caseware UK (AP4) 2024.0.164 2024.0.164 2023-04-01falseRental property44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC325445 2023-04-01 2024-03-31 OC325445 2022-04-01 2023-03-31 OC325445 2024-03-31 OC325445 2023-03-31 OC325445 c:Buildings 2023-04-01 2024-03-31 OC325445 c:Buildings 2024-03-31 OC325445 c:Buildings 2023-03-31 OC325445 c:Buildings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC325445 c:LandBuildings 2024-03-31 OC325445 c:LandBuildings 2023-03-31 OC325445 c:CurrentFinancialInstruments 2024-03-31 OC325445 c:CurrentFinancialInstruments 2023-03-31 OC325445 c:Non-currentFinancialInstruments 2024-03-31 OC325445 c:Non-currentFinancialInstruments 2023-03-31 OC325445 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC325445 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC325445 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC325445 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC325445 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2024-03-31 OC325445 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2023-03-31 OC325445 d:FRS102 2023-04-01 2024-03-31 OC325445 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC325445 d:FullAccounts 2023-04-01 2024-03-31 OC325445 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC325445 d:PartnerLLP1 2023-04-01 2024-03-31 OC325445 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC325445 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC325445 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC325445









FORESHAW PROPERTY LLP







UNAUDITED

 FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the year ended 31 March 2024

 
FORESHAW PROPERTY LLP
Registered number: OC325445

BALANCE SHEET
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
297,108
304,971

  
297,108
304,971

Current assets
  

Debtors: amounts falling due within one year
 4 
107,020
85,982

Cash at bank and in hand
 5 
36,298
32,890

  
143,318
118,872

Creditors: Amounts Falling Due Within One Year
 6 
-
(1,825)

Net current assets
  
 
 
143,318
 
 
117,047

Total assets less current liabilities
  
440,426
422,018

Creditors: amounts falling due after more than one year
 7 
(142,475)
(142,475)

  
297,951
279,543

  

Net assets
  
297,951
279,543


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
101,629
101,629

Other amounts
 9 
196,322
177,914

  
297,951
279,543

  

  
297,951
279,543


Total members' interests
  

Loans and other debts due to members
 9 
297,951
279,543

  
297,951
279,543


Page 1

 
FORESHAW PROPERTY LLP
Registered number: OC325445
    
BALANCE SHEET (CONTINUED)
As at 31 March 2024

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 12 February 2025.





J D Hone Esq
Designated member

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FORESHAW PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024

1.


General information

Foreshaw Property LLP is a limited liability partnership, incorporated in England and Wales. The registered office address of the partnership is 2 Robin Hood Cottages, St Pauls Wood Hill, Chislehurst, Kent, BR5 2SP. The principal activity of the partnership is to invest in and develop property.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover comprises revenue recognised by the LLP in respect of rental income received during the year, exclusive of Value Added Tax and trade discounts. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
FORESHAW PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
FORESHAW PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024

3.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2023
393,130



At 31 March 2024

393,130



Depreciation


At 1 April 2023
88,159


Charge for the year on owned assets
7,863



At 31 March 2024

96,022



Net book value



At 31 March 2024
297,108



At 31 March 2023
304,971




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
297,108
304,971

297,108
304,971


Page 5

 
FORESHAW PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024

4.


Debtors

2024
2023
£
£


Other debtors
61,720
40,682

Called up share capital not paid
45,300
45,300

107,020
85,982



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
36,298
32,890

36,298
32,890



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals
-
1,825

-
1,825



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
142,475
142,475

142,475
142,475


Secured creditors
The bank loans are secured on the properties for which the loan relates.

Page 6

 
FORESHAW PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due after more than 5 years

Bank loans
142,475
142,475

142,475
142,475



9.


Loans and other debts due to members


2024
2023
£
£



Members' capital treated as debt
(101,629)
(101,629)

Other amounts due to members
(196,322)
(177,914)

(297,951)
(279,543)

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due after more than one year
(297,951)
(279,543)

(297,951)
(279,543)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 7