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CH PROPERTIES (SOUTH-EAST) LLP
CHARTERED ACCOUNTANT'S REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CH PROPERTIES (SOUTH-EAST) LLP
FOR THE YEAR ENDED 31 MARCH 2025
In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), I have prepared for your approval the financial statements of CH Properties (South-East) LLP for the year ended 31 March 2025 which comprise the Balance sheet and the related notes from the LLP's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the members in accordance with the terms of my engagement letter dated 26/04/2025. My work has been undertaken solely to prepare for your approval the financial statements of CH Properties (South-East) LLP and state those matters that I have agreed to state to the CH Properties (South-East) LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than CH Properties (South-East) LLP and its members for my work or for this report.
It is your duty to ensure that CH Properties (South-East) LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CH Properties (South-East) LLP. You consider that CH Properties (South-East) LLP is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or review of the financial statements of CH Properties (South-East) LLP. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Drennan & Co
Chartered Accountants
64 Belsize Park
London
NW3 4EH
7 August 2025
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CH PROPERTIES (SOUTH-EAST) LLP
REGISTERED NUMBER: OC436153
BALANCE SHEET
AS AT 31 MARCH 2025
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Creditors: Amounts Falling Due Within One Year
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Total assets less current liabilities
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Loans and other debts due to members within one year
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Members' capital classified as equity
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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) 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.
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CH PROPERTIES (SOUTH-EAST) LLP
REGISTERED NUMBER: OC436153
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
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 on 7 August 2025.
The notes on pages 4 to 5 form part of these financial statements.
CH Properties (South-East) 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.
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CH PROPERTIES (SOUTH-EAST) LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The entity is a Limited Liability Partnership incorporated in England & Wales and its registered number is OC436153.
2.Accounting policies
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Basis of preparation of financial statements
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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:
Turnover represents the total invoice value of rents receivable during the period.
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Division and distribution of profits
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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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .
Profits of the LLP which are not yet divided among the members are shown under 'Other reserves' on the Balance sheet, pending a discretionary decision to divide the profits.
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.
Investment properties held to earn rentals and/or capital appreciation, are initially recognised at cost which includes the purchase cost and any directly attributable expenditure. Subsequently, they are measured at fair value as the reporting date. The surplus or deficit on revaluation is recognised in the profit and loss account.
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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CH PROPERTIES (SOUTH-EAST) LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Freehold investment property
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The members consider the carrying amounts of the investment properties to approximate to their fair value at the balance sheet date.
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