REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2023 to 30 March 2024 |
for |
ARCADE DEVELOPMENTS STIRLING LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2023 to 30 March 2024 |
for |
ARCADE DEVELOPMENTS STIRLING LLP |
ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670) |
Contents of the Financial Statements |
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ARCADE DEVELOPMENTS STIRLING LLP |
General Information |
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
6th Floor |
Gordon Chambers |
90 Mitchell Street |
Glasgow |
Lanarkshire |
G1 3NQ |
ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670) |
Balance Sheet |
30 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
3,161,390 |
3,505,291 |
ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670) |
Balance Sheet - continued |
30 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
3,533,216 |
3,877,117 |
MEMBERS' OTHER INTERESTS |
Revaluation reserve | 10 | ( |
) | ( |
) |
3,161,390 | 3,505,291 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 3,533,216 | 3,877,117 |
Members' other interests | (371,826 | ) | (371,826 | ) |
3,161,390 | 3,505,291 |
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 financial statements were approved by the members of the LLP and authorised for issue on |
ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670) |
Notes to the Financial Statements |
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
1. | STATUTORY INFORMATION |
Arcade Developments Stirling LLP is registered in Scotland. 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 |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2023 |
Additions |
At 30 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for period |
At 30 March 2024 |
NET BOOK VALUE |
At 30 March 2024 |
At 31 March 2023 |
ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2023 |
and 30 March 2024 |
NET BOOK VALUE |
At 30 March 2024 |
At 31 March 2023 |
Cost or valuation at 31 March 2022 is represented by : |
£ |
Revaluation | (371,826 | ) |
Cost | 3,371,826 |
Valuation | 3,000,000 |
The investment property was revalued by DM Hall Chartered Surveyors. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
2024 | 2023 |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 527,923 | - |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
The bank loan is secured by a bond and floating charge over the assets of the company together with a personal guarantee by the director. |
10. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2023 | ( |
) |
At 30 March 2024 | ( |
) |