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REGISTERED NUMBER: OC418662 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 30th June 2024

for

UWE Houses LLP

UWE Houses LLP (Registered number: OC418662)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


UWE Houses LLP

General Information
for the Year Ended 30th June 2024







DESIGNATED MEMBERS: Macaskill Management Limited
A H Macaskill
Mrs F A Macaskill





REGISTERED OFFICE: c/o OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
Co. Durham
TS23 4EA





REGISTERED NUMBER: OC418662 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

UWE Houses LLP (Registered number: OC418662)

Report of the Members
for the Year Ended 30th June 2024

The members present their report with the financial statements of the LLP for the year ended 30th June 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:

Macaskill Management Limited
A H Macaskill
Mrs F A Macaskill

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £343,776 (2023 - £1,496,066 profit).

MEMBERS' INTERESTS
Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares during the year in which it is made, with the balance of profits being distributed after the year end, subject to the cash requirements of the business. Capital is repaid to members on resignation or retirement. Only those members who have contributed capital to the LLP are allocated losses, if the LLP declares a loss in a period.

ON BEHALF OF THE MEMBERS:





A H Macaskill - Designated member


25th March 2025

UWE Houses LLP (Registered number: OC418662)

Income Statement
for the Year Ended 30th June 2024

2024 2023
Notes £    £   

TURNOVER 1,487,735 1,447,206

Administrative expenses (819,069 ) (959,618 )
668,666 487,588

Other operating income - 193
Gain/loss on revaluation of assets - 1,274,550
OPERATING PROFIT 4 668,666 1,762,331

Interest receivable and similar income 90 37
668,756 1,762,368

Interest payable and similar expenses (324,980 ) (266,302 )
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



343,776



1,496,066

UWE Houses LLP (Registered number: OC418662)

Balance Sheet
30th June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 16,115,268 16,573,717

CURRENT ASSETS
Debtors 6 1,228 750
Cash at bank and in hand 107,064 25,399
108,292 26,149
CREDITORS
Amounts falling due within one year 7 (106,772 ) (82,373 )
NET CURRENT ASSETS/(LIABILITIES) 1,520 (56,224 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,116,788 16,517,493

CREDITORS
Amounts falling due after more than one
year

8

(5,979,895

)

(6,474,933

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 10,136,893 10,042,560

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

-

10,042,560

MEMBERS' OTHER INTERESTS
Capital accounts 10,136,893 -
10,136,893 10,042,560

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 - 10,042,560
Members' other interests 10,136,893 -
10,136,893 10,042,560

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 30th June 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.

UWE Houses LLP (Registered number: OC418662)

Balance Sheet - continued
30th June 2024


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 25th March 2025 and were signed by:





A H Macaskill - Designated member

UWE Houses LLP (Registered number: OC418662)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

UWE Houses 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 as modified by the revaluation of certain assets.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on reducing balance

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2023 - 7 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 848 460

UWE Houses LLP (Registered number: OC418662)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st July 2023 16,571,877 2,300 16,574,177
Additions - 2,399 2,399
Disposals (460,000 ) - (460,000 )
At 30th June 2024 16,111,877 4,699 16,116,576
DEPRECIATION
At 1st July 2023 - 460 460
Charge for year - 848 848
At 30th June 2024 - 1,308 1,308
NET BOOK VALUE
At 30th June 2024 16,111,877 3,391 16,115,268
At 30th June 2023 16,571,877 1,840 16,573,717

Cost or valuation at 30th June 2024 is represented by:

Land and
buildings
£   
Valuation in 2019 1,261,000
Valuation in 2020 220,000
Valuation in 2021 1,094,000
Valuation in 2022 348,000
Valuation in 2023 1,274,550
Cost 11,914,327
16,111,877

The members se no benefit in revaluing the property

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,228 750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,078 4,711
Other creditors 101,694 77,662
106,772 82,373

UWE Houses LLP (Registered number: OC418662)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 5,979,895 6,474,933

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 5,968,323 6,453,362

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.