| GOLD LION PROPERTY VENTURES LLP |
| Registered number: |
OC416649 |
| Balance Sheet |
| as at 31 March 2025 |
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Fixed assets |
| Investment property |
3 |
|
660,000 |
|
625,000 |
| Current assets |
|
|
|
|
|
| Cash at bank and in hand |
|
|
255 |
|
81 |
|
| Creditors: amounts falling due within one year |
4 |
|
(4,720) |
|
(500) |
|
| Net current liabilities |
|
|
(4,465) |
|
(419) |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
655,535 |
|
624,581 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
(446,683) |
|
(446,683) |
|
|
| Net assets attributable to members |
208,852 |
|
177,898 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
6 |
|
10,365 |
|
33,891 |
|
|
|
|
|
|
| Members' other interests |
| Other reserves |
|
|
198,487 |
|
144,007 |
|
|
|
|
|
|
|
|
|
208,852 |
|
177,898 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
6 |
|
10,365 |
|
33,891 |
| Members' other interests |
|
|
198,487 |
|
144,007 |
|
|
|
|
208,852 |
|
177,898 |
|
|
|
|
|
|
| For the year ended 31 March 2025 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 28 December 2025 and signed on their behalf by: |
|
|
| Alex Sapala |
| Designated member |
|
| GOLD LION PROPERTY VENTURES LLP |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
| 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. |
|
|
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. |
|
|
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 |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Fixed asset investments |
|
| Investment |
| Property |
| £ |
|
Cost |
|
At 1 April 2024 |
625,000 |
|
Revaluation |
35,000 |
|
|
At 31 March 2025 |
660,000 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
4,720 |
|
500 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
446,683 |
|
446,683 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans and other debts due to members |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts due to members in respect of profits |
10,365 |
|
33,891 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
10,365 |
|
33,891 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
GOLD LION PROPERTY VENTURES LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
40 Egbert Gardens |
|
Wickford |
|
Essex |
|
SS11 7BW |