1 April 2024 false No description of principal activity Taxfiler 2024.6 OC388556 business:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC388556 2024-03-31 OC388556 2024-04-01 2025-03-31 OC388556 business:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC388556 business:FilletedAccounts 2024-04-01 2025-03-31 OC388556 2025-03-31 OC388556 business:PartnerLLP1 2024-04-01 2025-03-31 OC388556 business:PartnerLLP2 2024-04-01 2025-03-31 OC388556 business:PartnerLLP3 2024-04-01 2025-03-31 OC388556 business:RegisteredOffice 2024-04-01 2025-03-31 OC388556 2024-03-31 OC388556 core:WithinOneYear 2025-03-31 OC388556 core:WithinOneYear 2024-03-31 OC388556 core:AfterOneYear 2025-03-31 OC388556 core:AfterOneYear 2024-03-31 OC388556 core:RetainedEarningsAccumulatedLosses 2025-03-31 OC388556 core:RetainedEarningsAccumulatedLosses 2024-03-31 OC388556 business:SmallEntities 2024-04-01 2025-03-31 OC388556 core:LandBuildings 2024-04-01 2025-03-31 OC388556 core:PlantMachinery 2024-04-01 2025-03-31 OC388556 core:FurnitureFittings 2024-04-01 2025-03-31 OC388556 countries:EnglandWales 2024-04-01 2025-03-31 OC388556 core:LandBuildings 2024-03-31 OC388556 core:FurnitureFittings 2024-03-31 OC388556 core:ComputerEquipment 2024-03-31 OC388556 core:LandBuildings 2025-03-31 OC388556 core:FurnitureFittings 2025-03-31 OC388556 core:ComputerEquipment 2025-03-31 OC388556 core:DisposalsRepaymentsInvestments 2025-03-31 OC388556 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered No. OC388556 (England and Wales)
Bywater Properties Investment Management LLP Unaudited accounts for the year ended 31 March 2025
Bywater Properties Investment Management LLP LLP Information for the year ended 31 March 2025
Designated members
Bywater Properties Limited
Corineus Capital Limited
Moraira Properties Limited
Registered Number
OC388556 (England and Wales)
Registered Office
Accounts and Legal Consultants Suite 1 -3 , The Hop Exchange London SE1 1TY United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Bywater Properties Investment Management LLP Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Investments
4
-
100
Current assets
Debtors
418,774
324,782
Cash at bank and in hand
86,763
100,177
505,537
424,959
Creditors: amounts falling due within one year
5
(11,796)
(38,697)
Net current assets
493,741
386,262
Total assets less current liabilities
493,741
386,362
Creditors: amounts falling due after more than one year
6
(6,782)
(16,667)
Net assets attributable to members
486,959
369,695
Represented by:
Loans and other debts due to members
7
(390,416)
(265,416)
Members' other interests
Other reserves
877,375
635,111
486,959
369,695
Total members' interests
Loans and other debts due to members
(390,416)
(265,416)
Members' other interests
877,375
635,111
486,959
369,695
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 31 March 2026.
Moraira Properties Limited Designated member Limited Liability Partnership Registration No. OC388556
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Bywater Properties Investment Management 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% straight line basis
Plant & machinery
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
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.
Members' remuneration
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense. Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
2
Statutory information
Bywater Properties Investment Management LLP is a limited liability partnership, incorporated in England and Wales, registration number OC388556. Its registered office is Accounts and Legal Consultants, Suite 1 -3 , The Hop Exchange, London, SE1 1TY, United Kingdom.
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Bywater Properties Investment Management LLP Notes to the Accounts for the year ended 31 March 2025
3
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
19,168
13,518
8,137
40,823
At 31 March 2025
19,168
13,518
8,137
40,823
Depreciation
At 1 April 2024
19,168
13,518
8,137
40,823
At 31 March 2025
19,168
13,518
8,137
40,823
Net book value
At 31 March 2025
-
-
-
-
4
Investments
Other investments
Cost
£
At 1 April 2024
100
Disposals
(100)
At 31 March 2025
-
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
2,336
9,689
Taxes and social security costs
(540)
19,008
11,796
38,697
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
6,782
16,667
7
Loans and other debts due to members
2025
2024
£
£
Amounts due to members in respect of profits
(390,416)
(265,416)
Amounts falling due within one year
(390,416)
(265,416)
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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