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REGISTERED NUMBER: OC422042 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Arthousing Family Partnership LLP

Arthousing Family Partnership LLP (Registered number: OC422042)






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


Arthousing Family Partnership LLP

General Information
for the Year Ended 31st March 2024







DESIGNATED MEMBERS: Arthousing Family Holdings Ltd
T Kirwan
Estate of N Kirwan





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
Co. Durham
TS23 4EA





REGISTERED NUMBER: OC422042 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Arthousing Family Partnership LLP (Registered number: OC422042)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,693,443 24,675,830

CURRENT ASSETS
Cash at bank 32,131 24,252

CREDITORS
Amounts falling due within one year 5 (19,686 ) (19,686 )
NET CURRENT ASSETS 12,445 4,566
TOTAL ASSETS LESS CURRENT LIABILITIES 24,705,888 24,680,396

CREDITORS
Amounts falling due after more than one
year

6

(13,254,844

)

(13,270,568

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 11,451,044 11,409,828

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

-

11,409,828

MEMBERS' OTHER INTERESTS
Capital accounts 11,451,044 -
11,451,044 11,409,828

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 11,409,828
Members' other interests 11,451,044 -
11,451,044 11,409,828

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 31st March 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.

Arthousing Family Partnership LLP (Registered number: OC422042)

Balance Sheet - continued
31st March 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 10th July 2025 and were signed by:





T Kirwan - Designated member

Arthousing Family Partnership LLP (Registered number: OC422042)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Arthousing Family 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
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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - in accordance with the property

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1st April 2023 24,675,830
Revaluations 17,613
At 31st March 2024 24,693,443
NET BOOK VALUE
At 31st March 2024 24,693,443
At 31st March 2023 24,675,830

Arthousing Family Partnership LLP (Registered number: OC422042)

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 2021 600,000
Valuation in 2022 100,000
Valuation in 2024 17,613
Cost 23,975,830
24,693,443

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,686 19,686

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 39,254 53,504
Other creditors 13,215,590 13,217,064
13,254,844 13,270,568

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 13,215,590 13,217,063

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.