Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false0true2023-04-01Property investment0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC336086 2023-04-01 2024-03-31 OC336086 2022-04-01 2023-03-31 OC336086 2024-03-31 OC336086 2023-03-31 OC336086 c:FreeholdInvestmentProperty 2023-04-01 2024-03-31 OC336086 c:FreeholdInvestmentProperty 2024-03-31 OC336086 c:FreeholdInvestmentProperty 2023-03-31 OC336086 c:CurrentFinancialInstruments 2024-03-31 OC336086 c:CurrentFinancialInstruments 2023-03-31 OC336086 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC336086 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC336086 d:FRS102 2023-04-01 2024-03-31 OC336086 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC336086 d:FullAccounts 2023-04-01 2024-03-31 OC336086 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC336086 2 2023-04-01 2024-03-31 OC336086 d:PartnerLLP1 2023-04-01 2024-03-31 OC336086 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC336086 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC336086 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC336086 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC336086 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC336086 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC336086 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC336086



 

 
SJR HIGH STREET STUDENT LLP
Formerly known as SJR Retail (Nottingham) LLP

 
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
SJR HIGH STREET STUDENT LLP
  
Formerly known as SJR Retail (Nottingham) LLP
REGISTERED NUMBER:OC336086

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
4,038,655
4,015,044

  
4,038,655
4,015,044

Current assets
  

Debtors: amounts falling due within one year
 5 
8,799
7,392

Cash at bank and in hand
 6 
17,316
106,623

  
26,115
114,015

Creditors: Amounts Falling Due Within One Year
 7 
(71,347)
(5,552,269)

Net current liabilities
  
 
 
(45,232)
 
 
(5,438,254)

Total assets less current liabilities
  
3,993,423
(1,423,210)

  

Net assets/(liabilities) attributable to members
  
3,993,423
(1,423,210)

Page 1

 
SJR HIGH STREET STUDENT LLP
  
Formerly known as SJR Retail (Nottingham) LLP
REGISTERED NUMBER:OC336086
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
7,067,051
1,650,418

  
7,067,051
1,650,418

Members' other interests
  

Members' capital classified as equity
  
5,067,646
5,067,646

Other reserves classified as equity
  
(8,141,274)
(8,141,274)

  
 
(3,073,628)
 
(3,073,628)

  
3,993,423
(1,423,210)


Total members' interests
  

Loans and other debts due to members
 8 
7,067,051
1,650,418

Members' other interests
  
(3,073,628)
(3,073,628)

  
3,993,423
(1,423,210)


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 26 March 2025.


S L Bernstein
Designated member

The notes on pages 3 to 6 form part of these financial statements.
SJR High Street Student LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.
Page 2

 
SJR HIGH STREET STUDENT LLP
 
Formerly known as SJR Retail (Nottingham) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

SJR Retail (Nottingham) LLP (OC336086) is a Limited Liability Partnership incorporated in England and Wales. The registered office is 51 Welbeck Street, London, W1G 9HL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis which the Members believe to be
appropriate for the following reasons:- 
The LLP is dependent on its Members to fund the development of the properties and carry out its business operations.
Furthermore, the Members have confirmed they will not seek repayment of the loans due to them
until the LLP has sufficient funds to do so.

 
2.3

Revenue

Rent receivable is recognised in the period for which it relates to. Rent is measured as the fair value of the consideration received or receivable, excluding value added tax.

 
2.4

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SJR HIGH STREET STUDENT LLP
 
Formerly known as SJR Retail (Nottingham) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The entity has no employees.

Page 4

 
SJR HIGH STREET STUDENT LLP
 
Formerly known as SJR Retail (Nottingham) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
4,015,044


Additions at cost
23,611



At 31 March 2024
4,038,655

The properties are valued periodically by professional valuers and it is the opinion of the members that the valuations remain appropriate for use at 31 March 2024.







5.


Debtors

2024
2023
£
£


Other debtors
-
347

Prepayments and accrued income
8,798
7,045

8,798
7,392



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,316
106,623


Page 5

 
SJR HIGH STREET STUDENT LLP
 
Formerly known as SJR Retail (Nottingham) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
4,323,300

Trade creditors
3,612
2,559

Other creditors
-
1,124,832

Accruals and deferred income
67,735
101,578

71,347
5,552,269



8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
7,067,051
1,650,418

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due after more than one year
7,067,051
1,650,418

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


9.


Contingent liabilities

At the year end, the LLP was party to a cross guarantee for a bank facility with SJR Retail LLP and SJR Retail (Torquay) LLP. At the balance sheet date, the contingent liability attributable to SJR Retail LLP amounted to £7,000,000 (2023: £3,745,707) and to SJR Retail (Torquay) LLP amounted to £Nil (2023: £200,000).
 
Page 6