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REGISTERED NUMBER: OC403729 (England and Wales)











REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CASTILE VIEW PROPERTIES LLP

CASTILE VIEW PROPERTIES LLP (REGISTERED NUMBER: OC403729)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


CASTILE VIEW PROPERTIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mr J Mullane
Mrs C Mullane





REGISTERED OFFICE: 2 Mountside
Stanmore
Middlesex
HA7 2DT





REGISTERED NUMBER: OC403729 (England and Wales)





ACCOUNTANTS: Mountsides Limited
Chartered Accountants
2 Mountside
Stanmore
Middlesex
HA7 2DT

CASTILE VIEW PROPERTIES LLP (REGISTERED NUMBER: OC403729)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2024


The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property letting.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mr J Mullane
Mrs C Mullane

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £39,507 (2023 - £60,262 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mr J Mullane - Designated member


25 March 2025

CASTILE VIEW PROPERTIES LLP (REGISTERED NUMBER: OC403729)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 74,257 57,103

Cost of sales (11,948 ) (5,243 )
GROSS PROFIT 62,309 51,860

Administrative expenses (1,475 ) 24,347
OPERATING PROFIT 4 60,834 76,207


Interest payable and similar expenses (21,327 ) (15,945 )
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




39,507




60,262

CASTILE VIEW PROPERTIES LLP (REGISTERED NUMBER: OC403729)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 6,750 1,933
Investment property 6 1,648,437 1,645,829
1,655,187 1,647,762

CURRENT ASSETS
Cash at bank 27,830 45,671

CREDITORS
Amounts falling due within one year 7 (193,684 ) (492,718 )
NET CURRENT LIABILITIES (165,854 ) (447,047 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,489,333

1,200,715

CASTILE VIEW PROPERTIES LLP (REGISTERED NUMBER: OC403729)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

133,861

154,616

MEMBERS' OTHER INTERESTS
Capital accounts 709,247 399,874
Revaluation reserve 8 409,452 409,452
Other reserves classified as
equity 236,773 236,773
1,489,333 1,200,715

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 133,861 154,616
Members' other interests 1,355,472 1,046,099
1,489,333 1,200,715

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 25 March 2025 and were signed by:





Mr J Mullane - Designated member

CASTILE VIEW PROPERTIES LLP (REGISTERED NUMBER: OC403729)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Castile View Properties 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 provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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.
Plant and machinery etc - 25% on 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 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 2,250 644

CASTILE VIEW PROPERTIES LLP (REGISTERED NUMBER: OC403729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 5,640
Additions 9,000
Disposals (5,640 )
At 31 March 2024 9,000
DEPRECIATION
At 1 April 2023 3,707
Charge for year 2,250
Eliminated on disposal (3,707 )
At 31 March 2024 2,250
NET BOOK VALUE
At 31 March 2024 6,750
At 31 March 2023 1,933

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,645,829
Additions 2,608
At 31 March 2024 1,648,437
NET BOOK VALUE
At 31 March 2024 1,648,437
At 31 March 2023 1,645,829

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 193,684 492,718

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 409,452