Oldfield Property Holdings LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC320073 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

OLDFIELD PROPERTY HOLDINGS LLP

Page

General Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

6

DESIGNATED MEMBERS:

I Carling

K M Sprules

REGISTERED OFFICE:

Springfield House

45 Welsh Back

Bristol

BS1 4AG

REGISTERED NUMBER:

OC320073 (England and Wales)

ACCOUNTANTS:

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

The following reproduces the text of the report prepared for the members in respect of the LLP's annual

unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability

Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your

approval the financial statements of Oldfield Property Holdings LLP for the year ended 31 March 2019 which

comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the members of Oldfield Property Holdings LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oldfield Property Holdings LLP and state those matters that we have agreed to state to the members of Oldfield Property Holdings LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Oldfield Property Holdings LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oldfield Property Holdings LLP. You consider that Oldfield Property Holdings LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oldfield Property Holdings LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

24 June 2019

FIXED ASSETS

Investment property

3

1,568,650

1,568,650

CURRENT ASSETS

Debtors

4

26,247

19,133

Cash at bank

12,186

52,312

38,433

71,445

CREDITORS

Amounts falling due within one year

5

6,947

46,217

NET CURRENT ASSETS

31,486

25,228

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,600,136

1,593,878

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

1,600,136

1,593,878

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

1,600,136

1,593,878

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 24 June 2019 and were signed by:

I Carling - Designated member

1.	STATUTORY INFORMATION

Oldfield Property Holdings 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.

Investment property

Investment properties are stated at fair value. In accordance with FRS102 investment properties are revalued

annually and the surplus or deficit is transferred to retained earnings. No depreciation or amortisation is

provided in respect of freehold investment properties. The directors consider that this accounting policy results

in the accounts giving a true and fair view. Depreciation or amortisation is only one of many factors reflected

in the annual valuation and the amount which might otherwise have been shown cannot be separately

identified or quantified.

Rents received

Rents received reflects the rents due to the LLP for the period including provision for rents not invoiced at the

period end less rents invoiced in advance.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

1,568,650

NET BOOK VALUE

At 31 March 2019

1,568,650

At 31 March 2018

1,568,650

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

15,080

9,133

Amounts owed by participating interests

10,000

10,000

Prepayments

1,167

-

26,247

19,133

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

VAT

5,947

5,737

Other creditors

-

39,980

Accrued expenses

1,000

500

6,947

46,217

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans from members is not required to be paid back within one year. No interest is accruing.

7.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.