| REGISTERED NUMBER: |
| Merepark Washway Road (Sale) LLP |
| Report of the Members and |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2024 |
| REGISTERED NUMBER: |
| 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 H Ross |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 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: |
| Merepark Washway Road (Sale) LLP (Registered number: OC331319) |
| Income Statement |
| for the year ended 30 September 2024 |
| 2024 | 2023 |
| £ | £ |
| TURNOVER |
| Cost of sales | ( |
) | ( |
) |
| GROSS PROFIT |
| Administrative expenses | ( |
) | ( |
) |
| OPERATING PROFIT |
| Interest payable and similar expenses | ( |
) | ( |
) |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| Merepark Washway Road (Sale) LLP (Registered number: OC331319) |
| Balance Sheet |
| 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| 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 | ( |
) | ( |
) |
| 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 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| 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 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| Other debtors |
| 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 |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| 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 | ( |
) |
| 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. |