Silverfin false false 31/12/2024 01/01/2024 31/12/2024 J Hitchcox 01/12/2005 Manhattan Loft Corporation Limited 16/01/2006 D W Pollock 01/12/2005 David William Pollock 15 April 2026 The principal activity of the LLP during the financial year was that of property investment. OC316513 2024-12-31 OC316513 bus:Director1 2024-12-31 OC316513 bus:Director2 2024-12-31 OC316513 bus:Director3 2024-12-31 OC316513 2023-12-31 OC316513 core:CurrentFinancialInstruments 2024-12-31 OC316513 core:CurrentFinancialInstruments 2023-12-31 OC316513 2024-01-01 2024-12-31 OC316513 bus:FilletedAccounts 2024-01-01 2024-12-31 OC316513 bus:SmallEntities 2024-01-01 2024-12-31 OC316513 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 OC316513 bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC316513 bus:Director1 2024-01-01 2024-12-31 OC316513 bus:Director2 2024-01-01 2024-12-31 OC316513 bus:Director3 2024-01-01 2024-12-31 OC316513 bus:Director4 2024-01-01 2024-12-31 OC316513 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: OC316513 (England and Wales)

# WEST HAMPSTEAD MEWS LLP

### Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

WEST HAMPSTEAD MEWS LLP

## Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

WEST HAMPSTEAD MEWS LLP

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
WEST HAMPSTEAD MEWS LLP

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,000 |  | 1,000
|  | 1,000 |  | 1,000
Current assets |  |  |  |
Debtors | 4 | 3,514 |  | 5,258
|  | 3,514 |  | 5,258
Creditors: amounts falling due within one year | 5 | ( 81,649) |  | ( 1,963)
Net current (liabilities)/assets |  | (78,135) |  | 3,295
Total assets less current liabilities |  | (77,135) |  | 4,295
Net (liabilities)/assets attributable to members |  | ( 77,135) |  | 4,295
Represented by |  |  |  |
Loans and other debts due to members after more than one year |  |  |  |
Other amounts |  | (77,135) |  | 4,295
|  | (77,135) |  | 4,295
Members' other interests |  |  |  |
|  | 0 |  | 0
|  | (77,135) |  | 4,295
Total members' interests |  |  |  |
Loans and other debts due to members |  | (77,135) |  | 4,295
|  | (77,135) |  | 4,295

For the financial year ending 31 December 2024 the LLP 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.

Members' responsibilities:

- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

West Hampstead Mews 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 financial statements of West Hampstead Mews LLP (registered number: OC316513) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

David William Pollock Designated member |

15 April 2026

WEST HAMPSTEAD MEWS LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
WEST HAMPSTEAD MEWS LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

West Hampstead Mews LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents amounts receivable for rent.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

##### Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members’ participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member’s participation rights including amounts subscribed or otherwise contributed by members, for example members’ capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.
The profits are not automatically divided as they arise, the LLP therefore has an unconditional right to refuse payment of the profits for a particular year unless and until those profits are divided by a decision taken by the members; and accordingly, following such a division, those profits are classed as an appropriation or equity rather than an expense. They are therefore shown as a residual amount available for appropriation in the Profit and Loss Account.
All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of Financial Position within 'Members' other interests'.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the LLP during the year | 3 |  | 3

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 January 2024 | 1,000
As at 31 December 2024 | 1,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2024 |  | 2023
| £ |  | £
Historic cost | 1,000 |  | 1,000

#### 4. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 2,416 |  | 5,258
Other debtors | 1,098 |  | 0
| 3,514 |  | 5,258

#### 5. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Trade creditors | 1,234 |  | 962
Other creditors | 80,415 |  | 1,001
| 81,649 |  | 1,963

#### 6. Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.