Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC306357 CAPITAL PARTNERSHIPS LIMITED GOODWIN (AVELEY) LIMITED iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC306357 2023-03-31 OC306357 2024-03-31 OC306357 2023-04-01 2024-03-31 OC306357 frs-core:CurrentFinancialInstruments 2024-03-31 OC306357 frs-core:Non-currentFinancialInstruments 2024-03-31 OC306357 frs-core:PlantMachinery 2024-03-31 OC306357 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC306357 frs-core:PlantMachinery 2023-03-31 OC306357 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC306357 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC306357 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC306357 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC306357 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC306357 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC306357 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC306357 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC306357 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC306357 2022-03-31 OC306357 2023-03-31 OC306357 2022-04-01 2023-03-31 OC306357 frs-core:CurrentFinancialInstruments 2023-03-31 OC306357 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC306357
ARTERIAL HUB LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC306357
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,707 54,797
Investment Properties 5 2,103,612 1,472,687
2,146,319 1,527,484
CURRENT ASSETS
Debtors 6 187,672 115,477
Cash at bank and in hand 12,910 153
200,582 115,630
Creditors: Amounts Falling Due Within One Year 7 (1,206,406 ) (980,782 )
NET CURRENT ASSETS (LIABILITIES) (1,005,824 ) (865,152 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,140,495 662,332
Creditors: Amounts Falling Due After More Than One Year 8 (42,000 ) (42,000 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,098,495 620,332
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 1,166,406 688,243
1,166,406 688,243
Equity
Members' other interests
Members' capital (9,556) (9,556)
Other reserves (58,355) (58,355)
(67,911) (67,911)
1,098,495 620,332
TOTAL MEMBERS' INTEREST
Amounts due from members (71,658) -
Loans and other debts due to members within one year 1,166,406 688,243
Members' other interests (67,911) (67,911)
1,026,837 620,332
Page 1
Page 2
For the year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
The financial statements were approved by the members on 28 April 2025 and were signed on their behalf by:
GOODWIN (AVELEY) LIMITED
Designated Member
28/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ARTERIAL HUB LLP is a limited liability partnership, incorporated in England & Wales, registered number OC306357 . The Registered Office is Unit 7, Vulcan House, Restmor Way, Hackbridge, Surrey, SM6 7AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
TheThese financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of
section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant & Machinery 20% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.3. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 60,450
As at 31 March 2024 60,450
Depreciation
As at 1 April 2023 5,653
Provided during the period 12,090
As at 31 March 2024 17,743
Net Book Value
As at 31 March 2024 42,707
As at 1 April 2023 54,797
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 1,472,687
Additions 630,925
As at 31 March 2024 2,103,612
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,179 46,179
Prepayments and accrued income 18,461 2,505
Other debtors 13,612 13,612
VAT 37,762 53,181
Amounts due from members 71,658 -
187,672 115,477
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,746 11,326
Other creditors 1,188,660 965,961
Accruals and deferred income 2,000 3,495
1,206,406 980,782
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Accruals and deferred income 42,000 42,000
Page 4