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REGISTERED NUMBER: OC428879 (England and Wales)



















Financial Statements

for the Period 31 December 2023 to 30 May 2024

for

Clinitek Prop LLP

Clinitek Prop LLP (Registered number: OC428879)






Contents of the Financial Statements
for the Period 31 December 2023 to 30 May 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clinitek Prop LLP

General Information
for the Period 31 December 2023 to 30 May 2024







DESIGNATED MEMBERS: Thermeco SWIP 11 Limited
Thermeco SWIP 12 Limited





REGISTERED OFFICE: Gateway House
Styal Road
Manchester
M22 5WY





REGISTERED NUMBER: OC428879 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Clinitek Prop LLP (Registered number: OC428879)

Balance Sheet
30 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,826,000 1,826,000

CURRENT ASSETS
Debtors 29,187 -

CREDITORS
Amounts falling due within one year 5 1,855,087 33,055
NET CURRENT LIABILITIES (1,825,900 ) (33,055 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

100

1,792,945

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

-

125,465

MEMBERS' OTHER INTERESTS
Capital accounts 100 1
Other reserves - 1,667,479
100 1,792,945

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 - 125,465
Members' other interests 100 1,667,480
Amounts due from members (29,187 ) -
(29,087 ) 1,792,945

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 29 May 2025 and were signed by:





Thermeco SWIP 12 Limited - Designated member

Clinitek Prop LLP (Registered number: OC428879)

Notes to the Financial Statements
for the Period 31 December 2023 to 30 May 2024

1. STATUTORY INFORMATION

Clinitek Prop 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.

Going concern
As at the date of signing, Clinitek (Malvern) LLP (the tenant) does not have a functional plant which is capable of generating revenue and rental charges between the LLP and the tenant had ceased in October 2022 by mutual agreement by joint management. These conditions significantly impact the LLP and as such indicate that a material uncertainty exists that may cast doubt on the LLP's ability to operate as a going concern.

The designated members and their parent entities have pledged to support the LLP's working capital requirements for a period of 12 months from the signing and approval of the accounts. Accordingly, the going concern basis has been adopted in the financial statements.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less any accumulated
impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

No depreciation has been provided on the freehold as the asset related to land (non depreciable) at the balance sheet date.

At each reporting date the LLP assess whether there is any indication of impairment. If such indication exists, the recoverable amount fo the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The assets' residual value, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Turnover
Turnover represents rental income, net sales of services provided during the year and share of partnership profits for the period, excluding value added tax where applicable.

Exceptional items
Exceptional items are transactions that are presented separately due to their extraordinary size or incidence.

3. EMPLOYEE INFORMATION

The average number of employees, including members with contracts of employment, during the period was NIL (2023 - NIL).

Clinitek Prop LLP (Registered number: OC428879)

Notes to the Financial Statements - continued
for the Period 31 December 2023 to 30 May 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 31 December 2023
and 30 May 2024 1,826,000
NET BOOK VALUE
At 30 May 2024 1,826,000
At 30 December 2023 1,826,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 901 11,080
Amounts owed to group undertakings 1,830,211 3,000
Other creditors 23,975 18,975
1,855,087 33,055

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits - 125,465

Falling due within one year - 125,465

Loans and other debts due to members will rank equally with debts due to ordinary creditors in the event of a winding up.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


We draw attention to note 2 - Going concern in the financial statements, which indicates that the tenant is not paying rent as a result of not having a functional plant capable of generating revenue. This is sufficient to indicate that a material uncertainty exists that may cast significant doubt over the LLP's ability to continue as a going concern.

The designated members and their parent entities have pledged to support the LLP's working capital requirements for a period of 12 months from the signing and approval of the accounts. Our opinion is not modified in respect of this matter.

In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Sean Douglass FCA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd

Clinitek Prop LLP (Registered number: OC428879)

Notes to the Financial Statements - continued
for the Period 31 December 2023 to 30 May 2024

8. RELATED PARTY DISCLOSURES

The LLP incurred management service charges from Equitix Management Services Limited of £8,494 (2023: £5,809). At the period end, the amount due to Equitix Management Services Limited was £nil (2023: £10,180). Equitix Management Services Limited is a related party by way of it's mutual ultimate parent company in relation to the LLP's previous members.

At the year end, the amount due to Clinitek (Malvern) LLP was £4,500 (2023: £3,000). Clinitek (Malvern) LLP is a related party by way of it's mutual ultimate parent company.

At the period end, the amount due to Thermeco SWIP Holdco Limited was £1,825,711 (2023 £nil). Thermeco SWIP Holdco Limited by way of it's mutual ultimate parent company.