Badminton Estates Property LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC335000 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Badminton Estates Property LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M Williams

Badminton Estates Limited

Mrs L Williams

REGISTERED OFFICE:

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

REGISTERED NUMBER:

OC335000 (England and Wales)

ACCOUNTANTS:

APT

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

FIXED ASSETS

Tangible assets

3

1,761

226

Investments

4

6,172

4,133

Investment property

5

1,350,000

1,350,000

1,357,933

1,354,359

CURRENT ASSETS

Debtors

6

32,250

-

Cash at bank

6,432

40,916

38,682

40,916

CREDITORS

Amounts falling due within one year

7

(86,841

)

(86,590

)

NET CURRENT LIABILITIES

(48,159

)

(45,674

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,309,774

1,308,685

CREDITORS

Amounts falling due after more than one year

8

(249,302

)

(307,999

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,060,472

1,000,686

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

1,060,472

1,000,686

1,060,472

1,000,686

TOTAL MEMBERS' INTERESTS

Members' other interests

1,060,472

1,000,686

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 4 June 2019 and were signed by:

M Williams - Designated member

1.	STATUTORY INFORMATION

Badminton Estates 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.

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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial

statements are rounded to the nearest £1, except where otherwise indicated.

Going concern

After reviewing the company's forecasts and projections, the members have a reasonable expectation that the

company has adequate resources to continue in operational existence for the foreseeable future. The company

therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors,

including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover represents rents received, net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provision for liabilities

Provisions are recognised when the group has a present obligation (legal or constructive) as a result of a past event, it

is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount

of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present

obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the

obligation.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

2,853

Additions

1,910

At 31 March 2019

4,763

DEPRECIATION

At 1 April 2018

2,627

Charge for year

375

At 31 March 2019

3,002

NET BOOK VALUE

At 31 March 2019

1,761

At 31 March 2018

226

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.19

31.3.18

£

£

Brought forward

4,133

4,589

Net movements

2,039

(456

)

6,172

4,133

Fixed Asset Investments represents the LLP's capital account balance in Roadside (UK) LLP.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

1,350,000

NET BOOK VALUE

At 31 March 2019

1,350,000

At 31 March 2018

1,350,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2019

250,000

Cost

1,100,000

1,350,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

30,750

-

Other debtors

1,500

-

32,250

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

58,288

57,877

Taxation and social security

10,202

10,380

Other creditors

18,351

18,333

86,841

86,590

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans

249,302

307,999

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

66,256

98,340

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

31.3.18

£

£

Bank loans

307,590

365,876

The loans are secured on the freehold property.