Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC401846 C N Kemsley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC401846 2023-03-31 OC401846 2024-03-31 OC401846 2023-04-01 2024-03-31 OC401846 frs-core:CurrentFinancialInstruments 2024-03-31 OC401846 frs-core:Non-currentFinancialInstruments 2024-03-31 OC401846 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 OC401846 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC401846 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 OC401846 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC401846 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC401846 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC401846 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC401846 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC401846 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC401846 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC401846 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC401846 2022-03-31 OC401846 2023-03-31 OC401846 2022-04-01 2023-03-31 OC401846 frs-core:CurrentFinancialInstruments 2023-03-31 OC401846 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC401846
Lonsdale Properties (London) LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC401846
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,270,566 6,270,566
6,270,566 6,270,566
CURRENT ASSETS
Cash at bank and in hand 18,589 71,547
18,589 71,547
Creditors: Amounts Falling Due Within One Year 5 (154,779 ) (148,247 )
NET CURRENT ASSETS (LIABILITIES) (136,190 ) (76,700 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,134,376 6,193,866
Creditors: Amounts Falling Due After More Than One Year 6 (2,728,771 ) (2,844,326 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 3,405,605 3,349,540
REPRESENTED BY:
Equity
Members' other interests
Other reserves 3,405,605 3,349,540
3,405,605 3,349,540
TOTAL MEMBERS' INTEREST
Members' other interests 3,405,605 3,349,540
3,405,605 3,349,540
Page 1
Page 2
For the year ending 31 March 2024 the LLP 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 applicable to LLPs subject to the small LLPs regime.)
The member acknowledges his responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
C N Kemsley
Designated Member
30 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lonsdale Properties (London) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC401846 . The Registered Office is Main Office, Station House, Station Road, Barnes, London, SW13 0HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover represents rents receivable from residential properties.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Long leasehold No depreciation provided
No depreciation is provided on the long leasehold property for the year as it is considered that the current value exceeds cost.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Long leasehold
£
Cost
As at 1 April 2023 6,270,566
As at 31 March 2024 6,270,566
Net Book Value
As at 31 March 2024 6,270,566
As at 1 April 2023 6,270,566
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 115,000 115,000
Sundry creditors and accruals 39,779 33,247
154,779 148,247
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1-5 years 500,000 475,000
Partners' loans 32,500 32,500
Bank loans more than 5 years 2,196,271 2,336,826
2,728,771 2,844,326
Page 4