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REGISTERED NUMBER: OC429305 (England and Wales)










Financial Statements

for the Year Ended 30 March 2024

for

Premier Properties North LLP

Premier Properties North LLP (Registered number: OC429305)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premier Properties North LLP

General Information
for the Year Ended 30 March 2024







DESIGNATED MEMBERS: J M Rapley
Premier Properties Investments Limited





REGISTERED OFFICE: 11 Pound Lane
Epsom
Surrey
KT19 8RY





REGISTERED NUMBER: OC429305 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Premier Properties North LLP (Registered number: OC429305)

Balance Sheet
30 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,374 38,748
Investment property 5 1,300,000 1,300,000
1,319,374 1,338,748

CURRENT ASSETS
Debtors 6 125,261 97,722
Cash at bank 3,932 11,737
129,193 109,459
CREDITORS
Amounts falling due within one year 7 (3,015 ) (2,774 )
NET CURRENT ASSETS 126,178 106,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,445,552

1,445,433

CREDITORS
Amounts falling due after more than one year 8 (987,357 ) (987,238 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

458,195

458,195

Premier Properties North LLP (Registered number: OC429305)

Balance Sheet - continued
30 March 2024

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

10

458,195

458,195

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 458,195 458,195
Amounts due from members 6 (121,717 ) (95,634 )
336,478 362,561

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 30 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.

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 26 March 2025 and were signed by:





J M Rapley - Designated member

Premier Properties North LLP (Registered number: OC429305)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Premier Properties North 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.
Motor vehicles - 25% on cost

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
Motor
vehicles
£   
COST
At 31 March 2023
and 30 March 2024 77,497
DEPRECIATION
At 31 March 2023 38,749
Charge for year 19,374
At 30 March 2024 58,123
NET BOOK VALUE
At 30 March 2024 19,374
At 30 March 2023 38,748

Premier Properties North LLP (Registered number: OC429305)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2023
and 30 March 2024 1,300,000
NET BOOK VALUE
At 30 March 2024 1,300,000
At 30 March 2023 1,300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 121,717 95,634
Float held by 3rd party 3,544 2,088
125,261 97,722

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,439 -
Accrued expenses 1,576 2,774
3,015 2,774

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Mortgages 987,357 987,238

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 987,357 987,238

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Member rank ahead of other creditors in the event of a liquidation.