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REGISTERED NUMBER: OC420554 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th March 2024

for

Karter Capital LLP

Karter Capital LLP (Registered number: OC420554)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Karter Capital LLP

General Information
for the Year Ended 30th March 2024







DESIGNATED MEMBERS: Mrs P Purewal
M S Purewal





REGISTERED OFFICE: 4 Station Parade
Ickenham Road
Ruislip
Middlesex
HA4 7DL





REGISTERED NUMBER: OC420554 (England and Wales)





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

Karter Capital LLP (Registered number: OC420554)

Balance Sheet
30th March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 85,422 113,896
Investment property 5 5,775,000 5,605,000
5,860,422 5,718,896

CURRENT ASSETS
Debtors 6 1,260 -
Cash at bank 33,716 -
34,976 -
CREDITORS
Amounts falling due within one year 7 (140,197 ) (225,977 )
NET CURRENT LIABILITIES (105,221 ) (225,977 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,755,201 5,492,919

CREDITORS
Amounts falling due after more than one
year

8

(3,152,222

)

(2,856,898

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,602,979 2,636,021

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

2,602,979

2,636,021

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 2,602,979 2,636,021

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 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.

Karter Capital LLP (Registered number: OC420554)

Balance Sheet - continued
30th March 2024


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 26th March 2025 and were signed by:





M S Purewal - Designated member

Karter Capital LLP (Registered number: OC420554)

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

1. STATUTORY INFORMATION

Karter Capital 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.
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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31st March 2023
and 30th March 2024 149,591
DEPRECIATION
At 31st March 2023 35,695
Charge for year 28,474
At 30th March 2024 64,169
NET BOOK VALUE
At 30th March 2024 85,422
At 30th March 2023 113,896

Karter Capital LLP (Registered number: OC420554)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31st March 2023 5,605,000
Revaluations 170,000
At 30th March 2024 5,775,000
NET BOOK VALUE
At 30th March 2024 5,775,000
At 30th March 2023 5,605,000

Fair value at 30th March 2024 is represented by:
£   
Valuation in 2024 170,000
Cost 5,605,000
5,775,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,260 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,707 91,484
Hire purchase contracts 14,744 14,744
Other creditors 119,746 119,749
140,197 225,977

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,952 34,241
Hire purchase contracts 46,368 64,685
Other creditors 3,076,902 2,757,972
3,152,222 2,856,898

Karter Capital LLP (Registered number: OC420554)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 28,952 40,868
Other loans more 5yrs instal 2,601,024 2,282,094
2,629,976 2,322,962

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank above other creditors in a liquidation.