Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3100Property Investmentfalse2023-04-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC401615 2023-04-01 2024-03-31 OC401615 2022-04-01 2023-03-31 OC401615 2024-03-31 OC401615 2023-03-31 OC401615 c:FreeholdInvestmentProperty 2023-04-01 2024-03-31 OC401615 c:FreeholdInvestmentProperty 2024-03-31 OC401615 c:FreeholdInvestmentProperty 2023-03-31 OC401615 c:CurrentFinancialInstruments 2024-03-31 OC401615 c:CurrentFinancialInstruments 2023-03-31 OC401615 c:CurrentFinancialInstruments 2 2024-03-31 OC401615 c:CurrentFinancialInstruments 2 2023-03-31 OC401615 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC401615 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC401615 e:FRS102 2023-04-01 2024-03-31 OC401615 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC401615 e:FullAccounts 2023-04-01 2024-03-31 OC401615 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC401615 2 2023-04-01 2024-03-31 OC401615 e:PartnerLLP1 2023-04-01 2024-03-31 OC401615 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC401615 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC401615 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC401615 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC401615 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC401615 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC401615 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC401615










SJR RETAIL (TORQUAY) LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SJR RETAIL (TORQUAY) LLP
REGISTERED NUMBER:OC401615

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,139,943
1,100,000

  
1,139,943
1,100,000

Current assets
  

Debtors: amounts falling due within one year
 5 
81,373
214,706

Cash at bank and in hand
 6 
65,523
105,486

  
146,896
320,192

Creditors: Amounts Falling Due Within One Year
 7 
(208,603)
(448,712)

Net current liabilities
  
 
 
(61,707)
 
 
(128,520)

Total assets less current liabilities
  
1,078,236
971,480

  

Net assets
  
1,078,236
971,480


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
329,573
222,817

  
329,573
222,817

Members' other interests
  

Members' capital classified as equity
  
2,192,875
2,192,875

Other reserves classified as equity
  
(1,444,212)
(1,444,212)

  
 
748,663
 
748,663

  
1,078,236
971,480


Total members' interests
  

Amounts due from members (included in debtors)
 5 
-
(132,758)

Loans and other debts due to members
 8 
329,573
222,817

Members' other interests
  
748,663
748,663

  
1,078,236
838,722


Page 1

 
SJR RETAIL (TORQUAY) LLP
REGISTERED NUMBER:OC401615
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 by: 




S L Bernstein for and on behalf of SJR Properties Limited
Designated member
Date: 26 March 2025

The notes on pages 3 to 6 form part of these financial statements.

SJR Retail (Torquay) 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 RETAIL (TORQUAY) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

SJR Retail (Torquay) LLP (OC401615) is a Limited Liability Partnership , incorporated in England and Wales. The address of 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

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

 
2.4

Interest income

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

 
2.5

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.

Page 3

 
SJR RETAIL (TORQUAY) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,100,000


Additions at cost
39,943



At 31 March 2024
1,139,943

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.






Page 4

 
SJR RETAIL (TORQUAY) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
9,600
2,100

Other debtors
1
3,950

Prepayments and accrued income
71,771
75,898

Amounts due from members
-
132,758

81,372
214,706



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
65,523
105,486



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
200,000

Trade creditors
121,359
121,322

Other taxation and social security
3,914
4,295

Other creditors
32,541
89,672

Accruals and deferred income
50,789
33,423

208,603
448,712


Page 5

 
SJR RETAIL (TORQUAY) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
329,573
222,817

329,573
222,817

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

2024
2023
£
£



Falling due within one year
329,573
222,817

329,573
222,817

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 a party to cross guarantee for a bank facility with SJR Retail (Nottingham) LLP and SJR (Retail) LLP. At the balance sheet date, the contingent liability attributable to SJR Retail (Nottingham) LLP amount to £Nil (2023 - £4,323,300) and to SJR (Retail) LLP amounted to £7,0000,000 (2023: 3,745,700).

 
Page 6