Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31222024-04-01falseThe principal activity of the LLP is that of the rental of investment property.truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC428329 2024-04-01 2025-03-31 OC428329 2023-04-01 2024-03-31 OC428329 2025-03-31 OC428329 2024-03-31 OC428329 c:OfficeEquipment 2024-04-01 2025-03-31 OC428329 c:OfficeEquipment 2025-03-31 OC428329 c:OfficeEquipment 2024-03-31 OC428329 c:OfficeEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC428329 c:FreeholdInvestmentProperty 2024-04-01 2025-03-31 OC428329 c:FreeholdInvestmentProperty 2025-03-31 OC428329 c:FreeholdInvestmentProperty 2024-03-31 OC428329 c:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 OC428329 c:CurrentFinancialInstruments 2025-03-31 OC428329 c:CurrentFinancialInstruments 2024-03-31 OC428329 c:Non-currentFinancialInstruments 2025-03-31 OC428329 c:Non-currentFinancialInstruments 2024-03-31 OC428329 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC428329 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC428329 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC428329 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC428329 e:FRS102 2024-04-01 2025-03-31 OC428329 e:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC428329 e:FullAccounts 2024-04-01 2025-03-31 OC428329 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC428329 2 2024-04-01 2025-03-31 OC428329 5 2024-04-01 2025-03-31 OC428329 e:PartnerLLP1 2024-04-01 2025-03-31 OC428329 e:PartnerLLP2 2024-04-01 2025-03-31 OC428329 c:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 OC428329 c:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 OC428329 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: OC428329









TEMPLE REAL ESTATE LLP

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
TEMPLE REAL ESTATE LLP
REGISTERED NUMBER: OC428329

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
225
337

Investment property
 5 
2,185,000
2,210,000

  
2,185,225
2,210,337

Current assets
  

Debtors: amounts falling due within one year
 6 
461
-

Cash at bank and in hand
  
154,567
112,756

  
155,028
112,756

Creditors: Amounts Falling Due Within One Year
 7 
(14,718)
(6,390)

Net current assets
  
 
 
140,310
 
 
106,366

Total assets less current liabilities
  
2,325,535
2,316,703

Creditors: amounts falling due after more than one year
 8 
(1,292,475)
(1,265,059)

  

Net assets
  
1,033,060
1,051,644


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
932,965
899,133

Members' other interests
  

Revaluation reserve classified as equity
  
100,095
152,511

  
 
1,033,060
 
1,051,644


Total members' interests
  

Loans and other debts due to members
 9 
932,965
899,133

Members' other interests
  
100,095
152,511

  
1,033,060
1,051,644


Page 1

 
TEMPLE REAL ESTATE LLP
REGISTERED NUMBER: OC428329

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




Mr M Copley
Dr S Copley
Designated member
Designated member


Date: 24 June 2025
Date: 24 June 2025

Page 2

 
TEMPLE REAL ESTATE LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Revaluation reserve
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Profit for the year available for discretionary division among members
 
-
42,886
42,886
-
-
42,886

Members' interests after profit for the year
48,070
42,886
90,956
868,442
868,442
959,398

Other division of profits
-
(42,886)
(42,886)
42,886
42,886
-

Movement in reserves
104,441
-
104,441
-
-
104,441

Amounts introduced by members
-
-
-
270
270
270

Drawings on account and distribution of profit
-
-
-
(12,465)
(12,465)
(12,465)

Amounts due to members
899,133
899,133

Balance at 31 March 2024
152,511
-
152,511
899,133
899,133
1,051,644

Profit for the year available for discretionary division among members
 
-
16,388
16,388
-
-
16,388

Members' interests after profit for the year
152,511
16,388
168,899
899,133
899,133
1,068,032

Other division of profits
-
(16,388)
(16,388)
16,388
16,388
-

Movement in reserves
(52,416)
-
(52,416)
-
-
(52,416)

Amounts introduced by members
-
-
-
23,720
23,720
23,720

Drawings on account and distribution of profit
-
-
-
(6,276)
(6,276)
(6,276)

Amounts due to members
932,965
932,965

Balance at 31 March 2025 
100,095
-
100,095
932,965
932,965
1,033,060

The notes on pages 4 to 9 form part of these financial statements.

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
TEMPLE REAL ESTATE LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Temple Real Estate LLP is a limited liability partnership incorporated in England within the United Kingdom. The address of the registered office is Causeway House, 1 Dane Street, Bishop's Stortford, Hertfordshire, CM23 3BT. The LLP is not part of a group. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and 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.

Page 4

 
TEMPLE REAL ESTATE LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
4 years

The assets' residual values, 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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by the members.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the members and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income. 

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
TEMPLE REAL ESTATE LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.10

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including members, during the year was 2 (2024 - 2)

Page 6

 
TEMPLE REAL ESTATE LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2024
450



At 31 March 2025

450



Depreciation


At 1 April 2024
113


Charge for the year on owned assets
112



At 31 March 2025

225



Net book value



At 31 March 2025
225



At 31 March 2024
337

Page 7

 
TEMPLE REAL ESTATE LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
2,210,000


Additions at cost
27,416


Surplus on revaluation
(52,416)



At 31 March 2025
2,185,000

The 2025 valuations were made by the designated members, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2025
2024
£
£


Historic cost
1,046,000
1,046,000

1,046,000
1,046,000


6.


Debtors

2025
2024
£
£


Prepayments and accrued income
461
-

461
-



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
2,213
-

Other creditors
8,570
1,986

Accruals and deferred income
3,935
4,404

14,718
6,390


Page 8

 
TEMPLE REAL ESTATE LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Mortgages
1,292,475
1,265,059

1,292,475
1,265,059


Secured Creditors
The mortgages are secured over the property to which they relate.


9.


Loans and other debts due to members


2025
2024
£
£



Other amounts due to members
932,965
899,133

932,965
899,133

Loans and other debts due to members may be further analysed as follows:

2025
2024
£
£



Falling due after more than one year
932,965
899,133

932,965
899,133

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


Page 9