Genich Property LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC343741 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

GENICH PROPERTY LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Miss G L Donaldson

C J Donaldson

Miss N M Donaldson

REGISTERED OFFICE:

1 Dartmouth Drive

Windle

St Helens

Merseyside

WA10 6BP

REGISTERED NUMBER:

OC343741 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Investment property

3

744,000

744,000

CURRENT ASSETS

Debtors

4

728

1,289

Cash at bank

83,094

91,487

83,822

92,776

CREDITORS

Amounts falling due within one year

5

2,928

3,190

NET CURRENT ASSETS

80,894

89,586

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

824,894

833,586

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

821,894

830,586

MEMBERS' OTHER INTERESTS

Capital accounts

3,000

3,000

824,894

833,586

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

821,894

830,586

Members' other interests

3,000

3,000

824,894

833,586

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 March 2019.

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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP on 25 July 2019 and were signed by:

C J Donaldson - Designated member

1.	STATUTORY INFORMATION

Genich Property LLP is registered in England and Wales. The LLP's registered number and registered office

address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

These financial statements have been prepared in accordance with the Statement Of Recommended Practice,

accounting for Limited Liability Partnerships.

Investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No

depreciation is provided in respect of investment properties.

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2018

and 31 March 2019

744,000

NET BOOK VALUE

At 31 March 2019

744,000

At 31 March 2018

744,000

In the opinion of the members, there has been no change in the market value of the properties and a revaluation

has not therefore been carried out in the current year.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

-

439

Prepayments

728

850

728

1,289

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

604

867

Prepaid income

574

574

Accrued expenses

1,750

1,749

2,928

3,190

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2019

2018

£

£

Amounts owed to members in respect of profits

821,894

830,586

Falling due within one year

821,894

830,586

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.