REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 June 2024 |
for |
Chibnall Property Partnership LLP |
REGISTERED NUMBER: |
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 |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 |
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 |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
Revaluations | (19,500 | ) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
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 |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Other creditors |
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 |
Fair value reserve | ( |
) |
At 30 June 2024 |