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REGISTERED NUMBER: OC331319 (England and Wales)










Merepark Washway Road (Sale) LLP

Report of the Members and

Unaudited Financial Statements

for the Year Ended 30 September 2024






Merepark Washway Road (Sale) LLP (Registered number: OC331319)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Merepark Washway Road (Sale) LLP

General Information
for the year ended 30 September 2024







DESIGNATED MEMBERS: Mr R J E Peel
Mr R H Ross





REGISTERED OFFICE: 8-10
Old Market Place
Altrincham
Cheshire
WA14 4DF





REGISTERED NUMBER: OC331319 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Merepark Washway Road (Sale) LLP (Registered number: OC331319)

Report of the Members
for the year ended 30 September 2024

The members present their report with the financial statements of the LLP for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of the holding of investment property to generate rental income and capital growth.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mr R J E Peel
Mr R H Ross

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £29,933 (2023 - £43,706 profit).

MEMBERS' INTERESTS
Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP. Members capital at 30 September 2024 was £50 each (2023 : £50)

Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members equally in proportion to their capital introduced.

ON BEHALF OF THE MEMBERS:





Mr R J E Peel - Designated member


17 June 2025

Merepark Washway Road (Sale) LLP (Registered number: OC331319)

Income Statement
for the year ended 30 September 2024

2024 2023
£    £   

TURNOVER 91,412 93,881

Cost of sales (4,078 ) (3,891 )
GROSS PROFIT 87,334 89,990

Administrative expenses (4,702 ) (3,579 )
OPERATING PROFIT 82,632 86,411


Interest payable and similar expenses (52,699 ) (42,705 )
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




29,933




43,706

Merepark Washway Road (Sale) LLP (Registered number: OC331319)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,100,000 1,100,000

CURRENT ASSETS
Debtors 5 3,972 43,195
Cash at bank 25,418 8,216
29,390 51,411
CREDITORS
Amounts falling due within one year 6 31,867 30,212
NET CURRENT (LIABILITIES)/ASSETS (2,477 ) 21,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097,523

1,121,199

CREDITORS
Amounts falling due after more than one
year

7

871,700

888,309
NET ASSETS ATTRIBUTABLE TO
MEMBERS

225,823

232,890

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

271,818

278,885

MEMBERS' OTHER INTERESTS
Revaluation reserve 9 (45,995 ) (45,995 )
225,823 232,890

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 271,818 278,885
Members' other interests (45,995 ) (45,995 )
225,823 232,890

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 September 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.

Merepark Washway Road (Sale) LLP (Registered number: OC331319)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 17 June 2025 and were signed by:





Mr R J E Peel - Designated member

Merepark Washway Road (Sale) LLP (Registered number: OC331319)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Merepark Washway Road (Sale) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 October 2023
and 30 September 2024 1,100,000
NET BOOK VALUE
At 30 September 2024 1,100,000
At 30 September 2023 1,100,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2016 (45,995 )
Cost 1,145,995
1,100,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,145,995 1,145,995

Investment property was valued on market value basis on 1 May 2017 by Lambert Smith Hampton .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 758 17,827
Other debtors 3,214 25,368
3,972 43,195

Merepark Washway Road (Sale) LLP (Registered number: OC331319)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 201 1
Taxation and social security 6,933 7,550
Other creditors 24,733 22,661
31,867 30,212

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 871,700 888,309

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

9. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 (45,995 )

10. RELATED PARTY DISCLOSURES

During the year the LLP paid for expenses amounting to £3,600 (2023 - £3,600) on behalf of Merepark Partnership, a partnership in which Mr Peel and Mr Ross are partners.

During the year the LLP received loans totalling £4,200 (2023: £10,000) from Merepark Partnership and repaid loans totalling £8,200.

At the year end £3,950 was due to the LLP (2023: £3,650 was due from the LLP)


During the year the LLP made loans totalling £6,500 (2023:£16,000) to Merepark Gillibrands Ltd, a company in which Mr Peel and Mr Ross are shareholders.

At the year end £Nil (2023 - £24,500) was due to the LLP.


During the year the LLP received a loan of £4,500 from Merepark Partnership Limited

11. ULTIMATE CONTROLLING PARTY

There is no individual controlling party.