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REGISTERED NUMBER: OC386876 (England and Wales)











Financial Statements

for the Year Ended 30 June 2024

for

THE OFFICERS' MESS BUSINESS CENTRE LLP

THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE OFFICERS' MESS BUSINESS CENTRE LLP

General Information
for the Year Ended 30 June 2024







DESIGNATED MEMBERS: Mr C J Bristow
Mantle Estates LLP





REGISTERED OFFICE: The Priory Thremhall Park
Start Hill
Bishops Stortford
Hertfordshire
CM22 7WE





REGISTERED NUMBER: OC386876 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,725 80,912
Investment property 5 5,670,000 5,670,000
5,745,725 5,750,912

CURRENT ASSETS
Debtors 6 618,594 568,359
Cash at bank 325,434 188,066
944,028 756,425
CREDITORS
Amounts falling due within one year 7 244,452 125,074
NET CURRENT ASSETS 699,576 631,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,445,301

6,382,263

CREDITORS
Amounts falling due after more than one year 8 2,427,596 2,482,132
NET ASSETS ATTRIBUTABLE TO
MEMBERS

4,017,705

3,900,131

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

992,209

874,635

MEMBERS' OTHER INTERESTS
Revaluation reserve 3,621,095 3,621,095
Other reserves (595,599 ) (595,599 )
4,017,705 3,900,131

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 992,209 874,635
Members' other interests 3,025,496 3,025,496
4,017,705 3,900,131

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 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.

THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876)

Balance Sheet - continued
30 June 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 26 March 2025 and were signed by:





Mantle Estates LLP - Designated member

THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876)

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

1. STATUTORY INFORMATION

The Officers' Mess Business Centre LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 109,573
Additions 11,270
At 30 June 2024 120,843
DEPRECIATION
At 1 July 2023 28,661
Charge for year 16,457
At 30 June 2024 45,118
NET BOOK VALUE
At 30 June 2024 75,725
At 30 June 2023 80,912

THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 5,670,000
NET BOOK VALUE
At 30 June 2024 5,670,000
At 30 June 2023 5,670,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 650,770
Valuation in 2019 4,220,325
Valuation in 2022 (1,250,000 )
Cost 2,048,905
5,670,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 178,474 113,509
Amounts owed by group undertakings 440,000 440,000
VAT - 14,541
Prepayments and accrued income 120 309
618,594 568,359

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 184,742 80,369
VAT 11,287 -
Other creditors 20,378 20,089
Advance receipts 7,245 -
Accruals and deferred income - 7,016
Accrued expenses 10,800 7,600
244,452 125,074

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 6,946 11,482
Bank loans more 5 yr by instal 2,410,650 2,460,650
2,427,596 2,482,132

THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,410,650 2,460,650

The bank loan is secured by a legal charges over the company's investment property known as The Officers' Mess Business Centre, Royston Road, Duxford, Cambridgeshire, CB22 4QH.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu in relation to all other creditors.