Buckingham Road LLP OC316321 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is property rental Digita Accounts Production Advanced 6.30.9574.0 true OC316321 2024-01-01 2024-12-31 OC316321 2024-12-31 OC316321 bus:SmallEntities 2024-01-01 2024-12-31 OC316321 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 OC316321 bus:FilletedAccounts 2024-01-01 2024-12-31 OC316321 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC316321 bus:PartnerLLP1 2024-01-01 2024-12-31 OC316321 bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC316321 countries:AllCountries 2024-01-01 2024-12-31 OC316321 2023-01-01 2023-12-31 xbrli:pure

Registration number: OC316321

Buckingham Road LLP

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Buckingham Road LLP

(Registration number: OC316321)
Balance Sheet as at 31 December 2024

Note

2024
 £

2023
 £

Fixed assets

 

Investment property

3

10,066,950

10,020,000

Current assets

 

Debtors

4

20,213

23,921

Cash and short-term deposits

 

507,681

588,871

 

527,894

612,792

Creditors: Amounts falling due within one year

5

(2,179,508)

(56,416)

Net current (liabilities)/assets

 

(1,651,614)

556,376

Total assets less current liabilities

 

8,415,336

10,576,376

Creditors: Amounts falling due after more than one year

6

(1,423,000)

(3,573,000)

Net assets attributable to members

 

6,992,336

7,003,376

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

482,579

493,619

Equity

 

Other reserves

 

6,509,757

6,509,757

   

6,992,336

7,003,376

Total members' interests

 

Loans and other debts due to members

 

482,579

493,619

Members' other interests

 

6,509,757

6,509,757

   

6,992,336

7,003,376

For the year ending 31 December 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

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

 

Buckingham Road LLP

(Registration number: OC316321)
Balance Sheet as at 31 December 2024

The financial statements of Buckingham Road LLP (registered number OC316321) were approved by the Board and authorised for issue on 17 August 2025. They were signed on behalf of the limited liability partnership by:


Dome Developments (Highbury) Limited
Designated member

   
 

Buckingham Road LLP

Notes to the Financial Statements for the Year Ended 31 December 2024

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in the United Kingdom under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, net of value added tax and returns.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements.

Investment properties

Investment property is carried at fair value, derived from the current market prices for comparable real
estate determined annually by the designated members. The designated members use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2023 - 0).

 

Buckingham Road LLP

Notes to the Financial Statements for the Year Ended 31 December 2024

3

Investment property

The value of investment property is £10,066,950 (2023 - £10,020,000).

The fair value of investment property is reviewed annually by the designated members.

There has been no valuation of investment property by an independent valuer.

The increase represents additions of £46,950 during the year.

4

Debtors

2024
 £

2023
 £

Other debtors

1,498

-

Prepayments and accrued income

18,715

23,921

20,213

23,921

5

Creditors: Amounts falling due within one year

2024
 £

2023
 £

Bank loan

2,150,000

-

Accruals and deferred income

27,583

53,277

Taxation and social security

1,925

3,139

2,179,508

56,416

6

Creditors: Amounts falling due after more than one year

2024
 £

2023
 £

Bank loan

1,423,000

3,573,000

The bank loan is wholly repayable within five years and is secured by legal charges on the entity's investment properties and other assets.