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 2020

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

4

8,201

1,761

Investments

5

6,022

6,172

Investment property

6

1,350,000

1,350,000

1,364,223

1,357,933

CURRENT ASSETS

Debtors

7

32,250

32,250

Cash at bank

2,866

6,432

35,116

38,682

CREDITORS

Amounts falling due within one year

8

(87,858

)

(86,841

)

NET CURRENT LIABILITIES

(52,742

)

(48,159

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,311,481

1,309,774

CREDITORS

Amounts falling due after more than one year

9

(189,532

)

(249,302

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,121,949

1,060,472

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

1,121,949

1,060,472

1,121,949

1,060,472

TOTAL MEMBERS' INTERESTS

Members' other interests

1,121,949

1,060,472

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 2020.

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 applicable to LLPs subject to the small LLPs regime.

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 and authorised for issue on 15 October 2020 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.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

4,763

Additions

7,506

At 31 March 2020

12,269

DEPRECIATION

At 1 April 2019

3,002

Charge for year

1,066

At 31 March 2020

4,068

NET BOOK VALUE

At 31 March 2020

8,201

At 31 March 2019

1,761

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.20

31.3.19

£

£

Brought forward

4,133

4,133

Net movements

1,889

2,039

6,022

6,172

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

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

1,350,000

NET BOOK VALUE

At 31 March 2020

1,350,000

At 31 March 2019

1,350,000

Fair value at 31 March 2020 is represented by:

£

Valuation in 2019

250,000

Cost

1,100,000

1,350,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

30,750

30,750

Other debtors

1,500

1,500

32,250

32,250

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

59,029

58,288

Trade creditors

162

-

Taxation and social security

10,316

10,202

Other creditors

18,351

18,351

87,858

86,841

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans

189,532

249,302

31.3.20

31.3.19

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

32,352

66,256

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.20

31.3.19

£

£

Bank loans

248,561

307,590

The loans are secured on the freehold property.