| 144 Cheviot Investre LLP |
Registered number: |
OC416160 |
| Balance Sheet |
| as at 31 December 2024 |
|
Notes |
|
2024 |
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
470,000 |
|
470,000 |
| Current assets |
|
|
|
|
|
| Debtors |
4 |
|
11,545 |
|
3,464 |
| Cash at bank and in hand |
|
|
4,021 |
|
120 |
|
|
|
15,566 |
|
3,584 |
|
| Creditors: amounts falling due within one year |
5 |
|
(12,220) |
|
(5,059) |
|
| Net current assets/(liabilities) |
|
|
3,346 |
|
(1,475) |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
473,346 |
|
468,525 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(264,962) |
|
(268,025) |
|
|
| Net assets attributable to members |
208,384 |
|
200,500 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
7 |
|
167,663 |
|
159,779 |
|
| Members' other interests |
| Revaluation reserve |
|
|
40,721 |
|
40,721 |
|
|
|
|
|
|
|
|
|
208,384 |
|
200,500 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
7 |
|
167,663 |
|
159,779 |
| Members' other interests |
|
|
40,721 |
|
40,721 |
|
|
|
|
208,384 |
|
200,500 |
|
|
|
|
|
|
| For the year ended 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 18 September 2025 and signed on their behalf by: |
|
|
| Investre Limited |
| Designated member |
|
| 144 Cheviot Investre LLP |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Turnover represents rental income received and where applicable the sale price of property sold. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Investment property |
|
Investment property is included at fair value as estimated by the members. Any change in this valuation at the balance sheet date is recognised through the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment property |
| £ |
|
Valuation |
|
At 1 January 2024 |
470,000 |
|
At 31 December 2024 |
470,000 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest |
|
10,924 |
|
2,964 |
|
Other debtors |
621 |
|
500 |
|
|
|
|
|
|
11,545 |
|
3,464 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
4,792 |
|
3,559 |
|
Accruals |
7,428 |
|
1,500 |
|
|
|
|
|
|
12,220 |
|
5,059 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
264,962 |
|
268,025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The bank loan is secured by a fixed and floating charge over the investment property held by the LLP. |
|
|
| 7 |
Loans and other debts due to members |
2024 |
|
2023 |
| £ |
£ |
|
|
Loans from members |
167,663 |
|
159,779 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
167,663 |
|
159,779 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 8 |
Fair value reserve |
2024 |
|
2023 |
| £ |
£ |
|
|
At 1 January 2024 |
40,721 |
|
40,721 |
|
|
At 31 December 2024 |
40,721 |
|
40,721 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
144 Cheviot Investre LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Studio 5 |
|
Pembridge Studios |
|
27A Pembridge Villas |
|
London |
|
W11 3EP |