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REGISTERED NUMBER: OC374252 (England and Wales)










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: D E Johns
D M Johns





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: OC374252 (England and Wales)





ACCOUNTANTS: RJP LLP
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 1,979,030 2,005,271

CURRENT ASSETS
Cash at bank 222,182 193,483

CREDITORS
Amounts falling due within one year 5 6,874 6,627
NET CURRENT ASSETS 215,308 186,856
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 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 5 April 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.

MOUNTAIN VIEW PROPERTIES LLP (REGISTERED NUMBER: OC374252)

BALANCE SHEET - continued
5 APRIL 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 30 January 2025 and were signed by:





D M Johns - Designated member

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
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 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 2,005,271
Revaluation (26,241 )
At 5 April 2024 1,979,030
NET BOOK VALUE
At 5 April 2024 1,979,030
At 5 April 2023 2,005,271

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 4,750 4,647
Accrued expenses 2,124 1,980
6,874 6,627

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.