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REGISTERED NUMBER: OC331618 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Clay Property Management Services LLP

Clay Property Management Services LLP (Registered number: OC331618)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Clay Property Management Services LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: S Clay
J Clay





REGISTERED OFFICE: St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN





REGISTERED NUMBER: OC331618 (England and Wales)





ACCOUNTANTS: Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

Clay Property Management Services LLP (Registered number: OC331618)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10 13
Investment property 5 926,425 926,425
926,435 926,438

CURRENT ASSETS
Debtors 161,595 160,775
Cash at bank 3,308 158
164,903 160,933
CREDITORS
Amounts falling due within one year 3,889 7,291
NET CURRENT ASSETS 161,014 153,642
TOTAL ASSETS LESS CURRENT LIABILITIES 1,087,449 1,080,080

CREDITORS
Amounts falling due after more than one year 6 600,721 600,801
NET ASSETS ATTRIBUTABLE TO MEMBERS 486,728 479,279

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 486,728 479,279

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 486,728 479,279

Clay Property Management Services LLP (Registered number: OC331618)

Abridged Balance Sheet - continued
31 March 2024


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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 7 March 2025 and were signed by:





J Clay - Designated member

Clay Property Management Services LLP (Registered number: OC331618)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Clay Property Management Services 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 provision of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include certain assets at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles 25% reducing balance

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 year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 1,000
DEPRECIATION
At 1 April 2023 987
Charge for year 3
At 31 March 2024 990
NET BOOK VALUE
At 31 March 2024 10
At 31 March 2023 13

Clay Property Management Services LLP (Registered number: OC331618)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 926,425
NET BOOK VALUE
At 31 March 2024 926,425
At 31 March 2023 926,425


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans 525,365 525,365

Repayable by instalments
Bank loans 73,127 73,479

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 601,108 601,120

The mortgages are secured on the properties to which they relate.

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 486,728 479,279

Falling due within one year 486,728 479,279

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.