Cube London LLP - Accounts to registrar (filleted) - small 18.2

Cube London LLP - Accounts to registrar (filleted) - small 18.2

CUBE LONDON LLP - Company Information

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REGISTERED NUMBER: OC320554 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 July 2018

for

Cube London LLP

Cube London LLP (Registered number: OC320554)






Contents of the Financial Statements
for the Year Ended 31 July 2018




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cube London LLP

General Information
for the Year Ended 31 July 2018







DESIGNATED MEMBERS: Mr S Goldstone
Mr S Brody





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: OC320554 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY
Page 1
Cube London LLP (Registered number: OC320554)

Balance Sheet
31 July 2018

31.7.18 31.7.17
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,010,697 3,672,396

CURRENT ASSETS
Debtors 5 366,332 176,185
Cash at bank 19,502 31,733
385,834 207,918
CREDITORS
Amounts falling due within one year 6 728,433 394,347
NET CURRENT LIABILITIES (342,599 ) (186,429 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,668,098
3,485,967

CREDITORS
Amounts falling due after more than one
year
7
1,509,025
1,372,425
NET ASSETS ATTRIBUTABLE TO
MEMBERS
2,159,073
2,113,542

LOANS AND OTHER DEBTS DUE TO
MEMBERS
9
437,864
392,333

MEMBERS' OTHER INTERESTS
Revaluation reserve 10 1,721,209 1,721,209
2,159,073 2,113,542

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 437,864 392,333
Members' other interests 1,721,209 1,721,209
2,159,073 2,113,542

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 July 2018.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies
Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied
to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006)
Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The notes form part of these financial statements

Page 2 continued...
Cube London LLP (Registered number: OC320554)

Balance Sheet - continued
31 July 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 12 April 2019 and were signed by:





Mr S Goldstone - Designated member

The notes form part of these financial statements

Page 3
Cube London LLP (Registered number: OC320554)

Notes to the Financial Statements
for the Year Ended 31 July 2018

1. STATUTORY INFORMATION

Cube London LLP is registered in England and Wales. The LLP's registered number and registered office
address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Turnover represents rents receivable excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes
in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2017 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2017 3,672,396
Additions 573,301
Disposals (235,000 )
At 31 July 2018 4,010,697
NET BOOK VALUE
At 31 July 2018 4,010,697
At 31 July 2017 3,672,396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Trade debtors 22,572 20,135
Amounts owed by associates 219,820 113,941
Other debtors 123,940 42,109
366,332 176,185

Page 4 continued...
Cube London LLP (Registered number: OC320554)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Bank loans and overdrafts 105,300 56,700
Trade creditors - 3,882
Amounts owed to associates 595,333 288,805
Other creditors 27,800 44,960
728,433 394,347

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.18 31.7.17
£    £   
Bank loans 1,509,025 1,372,425

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,103,100 1,159,800

8. SECURED DEBTS

The bank loan is secured on the company's investment property.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.7.18 31.7.17
£    £   
Amounts owed to members in respect of profits 437,864 392,333

Falling due within one year 437,864 392,333

Loans and other debts due to members have no preferential rank in relation to other creditors.

10. REVALUATION RESERVES
Revaluation
reserve
£   
At 1 August 2017
and 31 July 2018 1,721,209

11. RELATED PARTY DISCLOSURES

The members Mr S Goldstone and Mr S Brody are deemed to be key management personnel.

Page 5