Registered number
OC446624
NAL INVESTMENT PROPERTIES LLP
Filleted Accounts
31 March 2024
NAL INVESTMENT PROPERTIES LLP
Registered number: OC446624
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Tangible assets 3 7,790,500
Creditors: amounts falling due within one year 4 (900)
Net current liabilities (900)
Total assets less current liabilities 7,789,600
Creditors: amounts falling due after more than one year 5 (4,356,273)
Net assets attributable to members 3,433,327
Represented by:
Loans and other debts due to members 6 3,541,278
Members' other interests
Other reserves (107,951)
3,433,327
Total members' interests
Loans and other debts due to members 6 3,541,278
Members' other interests (107,951)
3,433,327
For the period ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 21 February 2025 and signed on their behalf by:
N A LOMAS
Designated member
NAL INVESTMENT PROPERTIES LLP
Notes to the Accounts
for the period from 30 March 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of rents received during the year.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. Freehold properties are not depreciated as their values are considered by the members to exceed thier costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024
Number
Average number of persons employed by the LLP 0
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 7,790,500
At 31 March 2024 7,790,500
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 7,790,500
4 Creditors: amounts falling due within one year 2024
£
Other creditors 900
5 Creditors: amounts falling due after one year 2024
£
Mortgage loans 4,356,273
6 Loans and other debts due to members 2024
£
Members capital classified as debt 3,541,278
Amounts falling due within one year 3,541,278
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
NAL INVESTMENT PROPERTIES LLP is a limited liability partnership incorporated in England. Its registered office is Dawes Court House, Dawes Court, High Street, Esher, KT10 9QD.
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