Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-310No description of principal activity2024-04-01false0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC393722 2024-04-01 2025-03-31 OC393722 2023-04-01 2024-03-31 OC393722 2025-03-31 OC393722 2024-03-31 OC393722 c:FreeholdInvestmentProperty 2025-03-31 OC393722 c:FreeholdInvestmentProperty 2024-03-31 OC393722 c:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 OC393722 c:CurrentFinancialInstruments 2025-03-31 OC393722 c:CurrentFinancialInstruments 2024-03-31 OC393722 c:Non-currentFinancialInstruments 2025-03-31 OC393722 c:Non-currentFinancialInstruments 2024-03-31 OC393722 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC393722 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC393722 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC393722 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC393722 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2025-03-31 OC393722 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC393722 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2025-03-31 OC393722 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2024-03-31 OC393722 e:FRS102 2024-04-01 2025-03-31 OC393722 e:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC393722 e:FullAccounts 2024-04-01 2025-03-31 OC393722 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC393722 e:PartnerLLP6 2024-04-01 2025-03-31 OC393722 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC393722 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC393722 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC393722 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC393722 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC393722









EASTBOURNE TERMINUS ROAD 2014 LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
EASTBOURNE TERMINUS ROAD 2014 LLP
REGISTERED NUMBER: OC393722

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
935,000
1,600,000

Current assets
  

Debtors: amounts falling due within one year
 5 
96,494
101,595

Cash at bank and in hand
 6 
25,675
40,838

  
122,169
142,433

Creditors: amounts falling due within one year
 7 
(625,700)
(758,710)

Net current liabilities
  
 
 
(503,531)
 
 
(616,277)

Total assets less current liabilities
  
431,469
983,723

Creditors: amounts falling due after more than one year
 8 
(1,097)
(939,647)

Net assets
  
430,372
44,076


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 10 
1,297,156
245,860

Members' other interests
  

Members' capital classified as equity
  
400
400

Other reserves classified as equity
  
(867,184)
(202,184)

  
 
(866,784)
 
(201,784)

  
430,372
44,076


Total members' interests
  

Loans and other debts due to members
 10 
1,297,156
245,860

Members' other interests
  
(866,784)
(201,784)

  
430,372
44,076


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)
Page 1

 
EASTBOURNE TERMINUS ROAD 2014 LLP
REGISTERED NUMBER: OC393722
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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: 




................................................
Miss Honey Consultancy Limited
Designated member

Date: 26 June 2025

The notes on pages 3 to 8 form part of these financial statements.

Eastbourne Terminus Road 2014 LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 
EASTBOURNE TERMINUS ROAD 2014 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Eastbourne Terminus Road 2014 LLP is a limited liability partnership registered in England and Wales. The registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquires, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue comprises rental income, service charges and other recoveries from tenants of the LLP's investment properties net of value added tax. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
EASTBOURNE TERMINUS ROAD 2014 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

 
2.7

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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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.

 
2.10

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Page 4

 
EASTBOURNE TERMINUS ROAD 2014 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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 entity has no employees.

Page 5

 
EASTBOURNE TERMINUS ROAD 2014 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
1,600,000


Surplus on revaluation
(665,000)



At 31 March 2025
935,000

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




5.


Debtors

2025
2024
£
£


Trade debtors
-
1,103

Other debtors
86,000
86,000

Prepayments and accrued income
10,494
14,492

96,494
101,595



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
25,675
40,838

Less: bank overdrafts
(272,920)
(281,726)

(247,245)
(240,888)


Page 6

 
EASTBOURNE TERMINUS ROAD 2014 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
272,920
281,726

Bank loans
283,794
283,800

Other taxation and social security
5,280
5,160

Other creditors
43,000
40,000

Accruals and deferred income
20,706
148,024

625,700
758,710


Bank loans are secured by a fixed charge over the investment property.


8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
1,097
7,642

Other loans
-
932,005

1,097
939,647


Bank and other loans are secured by a fixed charge over the investment property.

Page 7

 
EASTBOURNE TERMINUS ROAD 2014 LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
283,794
283,800

Amounts falling due 2-5 years

Bank loans
1,097
6,550

Other loans
-
932,005


1,097
938,555

Amounts falling due after more than 5 years

Bank loans
-
1,092

284,891
1,223,447



10.


Loans and other debts due to members


2025
2024
£
£



Other amounts due to members
1,297,156
245,860

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



 
Page 8