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REGISTERED NUMBER: OC423146 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Chibnall Property Partnership LLP

Chibnall Property Partnership LLP (Registered number: OC423146)






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


Chibnall Property Partnership LLP

General Information
for the Year Ended 30 June 2024







DESIGNATED MEMBERS: Miss I R Chibnall
Miss C A Chibnall
Miss C J Chibnall





REGISTERED OFFICE: Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY





REGISTERED NUMBER: OC423146 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Chibnall Property Partnership LLP (Registered number: OC423146)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 326,500 346,000

CURRENT ASSETS
Debtors 129,842 79,175
Cash at bank and in hand 10,792 57,555
140,634 136,730
CREDITORS
Amounts falling due within one year 5 1,043 1,600
NET CURRENT ASSETS 139,591 135,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,091

481,130

CREDITORS
Amounts falling due after more than one year 6 127,402 126,226
NET ASSETS ATTRIBUTABLE TO
MEMBERS

338,689

354,904

Chibnall Property Partnership LLP (Registered number: OC423146)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

321,141

317,856

MEMBERS' OTHER INTERESTS
Revaluation reserve 9 17,548 37,048
338,689 354,904

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 321,141 317,856
Members' other interests 17,548 37,048
Amounts due from members (129,842 ) (79,175 )
208,847 275,729

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 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 27 March 2025 and were signed by:





Miss C J Chibnall - Designated member

Chibnall Property Partnership LLP (Registered number: OC423146)

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

1. STATUTORY INFORMATION

Chibnall Property Partnership 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 receivable in the period.

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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 346,000
Revaluations (19,500 )
At 30 June 2024 326,500
NET BOOK VALUE
At 30 June 2024 326,500
At 30 June 2023 346,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 37,048
Valuation in 2024 (19,500 )
Cost 308,952
326,500

Chibnall Property Partnership LLP (Registered number: OC423146)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1 601
Other creditors 1,042 999
1,043 1,600

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 127,402 126,226

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 127,402 126,226

7. SECURED DEBTS

Mortgage deed is held by Keystone Property Finance Limited.

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, other unsecured creditors would be paid first before any repayment of members' accounts.

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023 37,048
Fair value reserve (19,500 )
At 30 June 2024 17,548