REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2024 |
FOR |
MOUNTAIN VIEW PROPERTIES LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2024 |
FOR |
MOUNTAIN VIEW PROPERTIES LLP |
MOUNTAIN VIEW PROPERTIES LLP (REGISTERED NUMBER: OC374252) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MOUNTAIN VIEW PROPERTIES LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 5 APRIL 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Ground Floor |
Egerton House |
68 Baker Street |
Weybridge |
Surrey |
KT13 8AL |
MOUNTAIN VIEW PROPERTIES LLP (REGISTERED NUMBER: OC374252) |
BALANCE SHEET |
5 APRIL 2024 |
5.4.24 | 5.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
2,194,338 |
2,192,127 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
2,194,328 |
2,192,117 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 10 | 10 |
2,194,338 | 2,192,127 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 2,194,328 | 2,192,117 |
Members' other interests | 10 | 10 |
2,194,338 | 2,192,127 |
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. |
MOUNTAIN VIEW PROPERTIES LLP (REGISTERED NUMBER: OC374252) |
BALANCE SHEET - continued |
5 APRIL 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
MOUNTAIN VIEW PROPERTIES LLP (REGISTERED NUMBER: OC374252) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2024 |
1. | STATUTORY INFORMATION |
Mountain View Properties 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 |
Turnover |
Turnover represents rents received from the rental of investment property. Rental income is recognised in the period the property was occupied. |
Investment property |
In accordance with FRS 102 investment property is a property held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both. An entity shall measure investment property at its initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal and brokerage fees, property transfer taxes and other transaction costs. Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in the profit and loss. |
The members consider that the value included in the accounts is a fair valuation of the properties market value at the balance sheet date. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 6 April 2023 |
Revaluation | ( |
) |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
The property was valued by the members as at 5 April 2024 taking into account exchange rate differences. The original cost of the property was £723,568. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.24 | 5.4.23 |
£ | £ |
Other creditors |
Accrued expenses |
MOUNTAIN VIEW PROPERTIES LLP (REGISTERED NUMBER: OC374252) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5 APRIL 2024 |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
5.4.24 | 5.4.23 |
£ | £ |
Amounts owed to members in respect of profits | 2,194,328 | 2,192,117 |
Falling due within one year | 2,194,328 | 2,192,117 |
In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors. |