Craven Park Road Llp - Accounts to registrar (filleted)

REGISTERED NUMBER: OC375846 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

CRAVEN PARK ROAD LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

G L Properties Group Ltd

Panorama View Ltd

Yelkus 2 Limited

REGISTERED OFFICE:

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

REGISTERED NUMBER:

OC375846 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

FIXED ASSETS

Tangible assets

4

-

Investment property

5

6,474,707

CURRENT ASSETS

Debtors

6

446,069

463,495

Cash at bank and in hand

148,306

171,251

594,375

634,746

CREDITORS

Amounts falling due within one year

7

78,317

69,075

NET CURRENT ASSETS

516,058

565,671

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,990,765

7,040,378

CREDITORS

Amounts falling due after more than one year

8

3,355,161

3,404,807

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,635,604

3,635,571

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,263

1,230

MEMBERS' OTHER INTERESTS

Capital accounts

88,612

Other reserves

3,545,729

3,635,604

3,635,571

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

1,263

1,230

Members' other interests

3,634,341

Amounts due from members

6

(351,624

)

(368,562

)

3,283,980

3,267,009

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 31 December 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16 September 2025 and were signed by:

Panorama View Ltd - Designated member

1.	STATUTORY INFORMATION

Craven Park Road 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rent is recognised on an accrual basis over the term of the lease.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Investment property

Investment property is shown at the market value. Any aggregate surplus or deficit arising from changes in fair

value is recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

68,418

DEPRECIATION

At 1 January 2024

and 31 December 2024

68,418

NET BOOK VALUE

At 31 December 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

6,474,707

NET BOOK VALUE

At 31 December 2024

6,474,707

At 31 December 2023

6,474,707

The director believes that the market value of the investment properties to be not materially different to the carrying value based on his knowledge of the comparative local properties.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

62,945

52,933

Other debtors

383,124

410,562

446,069

463,495

Included in other debtors is £349,359 due back from Members of the LLP (£368,562 Dec 2023).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

51,923

Trade creditors

8,448

10,824

Other creditors

17,946

6,328

78,317

69,075

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans

3,355,161

3,404,807

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

3,407,084

3,456,730

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with other unsecured debts.