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CLEARBELL PROPERTY PARTNERS IV GP LLP
REGISTERED NUMBER: OC435809
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
Clearbell Property Partners IV GP 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.
The LLP is registered in England and Wales. The address of the registered office is 2 Harewood Place, London, W1S 1BX.
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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 .
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Related party transactions
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The LLP is exempt from disclosing related party transactions with other group companies as 100% of the voting rights are controlled within the group and the ultimate parent, Clearbell Capital LLP ("CCLLP"), is incorporated in the United Kingdom and publishes consolidated accounts that are available from Companies House.
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The ultimate and immediate parent undertaking is Clearbell Capital LLP which is incorporated in the United Kingdom and registered in England and Wales.
The largest and smallest group of undertakings of which the Company is a member and for which group accounts are drawn up is CCLLP. Copies of the CCLLP financial statements are available from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.
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