REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st March 2024 |
for |
Beaufort Property Partnership LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st March 2024 |
for |
Beaufort Property Partnership LLP |
Beaufort Property Partnership LLP (Registered number: OC418689) |
Contents of the Financial Statements |
for the Year Ended 31st March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Beaufort Property Partnership LLP |
General Information |
for the Year Ended 31st March 2024 |
DESIGNATED MEMBERS: |
Beaufort Properties Ltd |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Biz Hub Tees Valley |
Belasis Hall Technology Park |
Coxwold Way |
Billingham |
Co. Durham |
TS23 4EA |
Beaufort Property Partnership LLP (Registered number: OC418689) |
Balance Sheet |
31st March 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 5,109,612 | 4,933,710 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
- |
4,933,710 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 5,109,612 | - |
5,109,612 | 4,933,710 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | - | 4,933,710 |
Members' other interests | 5,109,612 | - |
5,109,612 | 4,933,710 |
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. |
Beaufort Property Partnership LLP (Registered number: OC418689) |
Balance Sheet - continued |
31st March 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Beaufort Property Partnership LLP (Registered number: OC418689) |
Notes to the Financial Statements |
for the Year Ended 31st March 2024 |
1. | STATUTORY INFORMATION |
Beaufort Property Partnership 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. |
TANGIBLE FIXED ASSETS |
Land and buildings | - |
Plant and machinery etc | - |
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st April 2023 |
Additions |
Disposals | ( |
) | ( |
) |
Revaluations |
At 31st March 2024 |
DEPRECIATION |
At 1st April 2023 |
Charge for year |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st March 2023 |
Beaufort Property Partnership LLP (Registered number: OC418689) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31st March 2024 is represented by: |
Land and |
buildings |
£ |
Valuation in 2020 | (226,642 | ) |
Valuation in 2021 | 594,000 |
Valuation in 2022 | 725,000 |
Valuation in 2023 | 766,297 |
Valuation in 2024 | 344,770 |
Cost | 7,374,009 |
9,577,434 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Social security and other taxes |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans - 2-5 years |
Other creditors | 4,527,013 | 3,403,457 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Mortgages | 4,527,013 | 3,403,457 |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Members rank ahead of other creditors in a liquidation. |