3 Central Avenue (West Bridgford) LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC362044 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

3 Central Avenue (West Bridgford) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

HCP Capital Partners LLP

The Adams Group Limited

REGISTERED OFFICE:

10 Oxford Street

Nottingham

NG1 5BG

REGISTERED NUMBER:

OC362044 (England and Wales)

FIXED ASSETS

Investment property

4

1,191,369

1,191,369

CURRENT ASSETS

Debtors

5

53,295

32,393

Cash at bank

7,818

-

61,113

32,393

CREDITORS

Amounts falling due within one year

6

391,584

408,004

NET CURRENT LIABILITIES

(330,471

)

(375,611

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

860,898

815,758

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

860,898

815,758

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

860,898

815,758

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 29 October 2020 and were signed by:

HCP Capital Partners LLP - Designated member

1.	STATUTORY INFORMATION

3 Central Avenue (West Bridgford) 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.

Turnover

Turnover represents net 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 NIL (2019 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

1,191,369

NET BOOK VALUE

At 31 March 2020

1,191,369

At 31 March 2019

1,191,369

Fair value at 31 March 2020 is represented by:

£

Valuation in 2017

1,191,369

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

20,570

2,383

VAT

-

1,418

Prepayments and accrued income

32,725

28,592

53,295

32,393

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

366,870

396,715

Trade creditors

-

8,228

VAT

5,884

-

Accruals and deferred income

18,830

3,061

391,584

408,004

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2020

2019

£

£

Amounts owed to members in respect of profits

860,898

815,758

Falling due within one year

860,898

815,758

In the event of a winding up, members' other reserves rank after unsecured creditors. Loans and other

debts due to members rank pari passu with unsecured creditors in the event of a winding up. There is

no formal restriction on the ability of the LLP to reduce the amount of members' other interests.