Metz Hastings 1066 Properties LLP - Accounts to registrar (filleted) - small 22.3

Metz Hastings 1066 Properties LLP - Accounts to registrar (filleted) - small 22.3

METZ HASTINGS 1066 PROPERTIES LLP - Company Information

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IRIS Accounts Production v22.3.3.48 OC423125 designated member designated member 1.4.21 31.3.22 31.3.22 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC4231252021-03-31OC4231252022-03-31OC4231252021-04-012022-03-31OC4231252020-03-31OC4231252020-04-012021-03-31OC4231252021-03-31OC423125ns16:EnglandWales2021-04-012022-03-31OC423125ns15:PoundSterling2021-04-012022-03-31OC423125ns11:Director12021-04-012022-03-31OC423125ns11:Director22021-04-012022-03-31OC423125ns11:LimitedLiabilityPartnershipLLP2021-04-012022-03-31OC423125ns11:SmallEntities2021-04-012022-03-31OC423125ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-31OC423125ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-31OC423125ns11:LimitedLiabilityPartnershipsSORP2021-04-012022-03-31OC423125ns11:FullAccounts2021-04-012022-03-31OC423125ns11:Director32021-04-012022-03-31OC423125ns11:RegisteredOffice2021-04-012022-03-31OC423125ns6:CurrentFinancialInstruments2022-03-31OC423125ns6:CurrentFinancialInstruments2021-03-31
REGISTERED NUMBER: OC423125 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

METZ HASTINGS 1066 PROPERTIES LLP
METZ HASTINGS 1066 PROPERTIES LLP (REGISTERED NUMBER: OC423125)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


METZ HASTINGS 1066 PROPERTIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DESIGNATED MEMBERS: Mrs C F Metz-Hastings
Mrs S C Hastings
Hastings And Daughter Ltd





REGISTERED OFFICE: Fifth Floor
11 Leadenhall Street
London
EC3V 1LP





REGISTERED NUMBER: OC423125 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Chartered Accountants & Tax Advisers
Fifth Floor
11 Leadenhall Street
London
EC3V 1LP
Page 1
METZ HASTINGS 1066 PROPERTIES LLP (REGISTERED NUMBER: OC423125)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,305,000 3,305,000

CURRENT ASSETS
Cash at bank 12,456 9,199

CREDITORS
Amounts falling due within one year 5 8,700 7,380
NET CURRENT ASSETS 3,756 1,819
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
3,308,756
3,306,819

LOANS AND OTHER DEBTS DUE TO
MEMBERS
28,291
-

MEMBERS' OTHER INTERESTS
Capital accounts 3,280,465 3,306,819
3,308,756 3,306,819

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 28,291 -
Members' other interests 3,280,465 3,306,819
3,308,756 3,306,819

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 2022.

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 notes form part of these financial statements

Page 2 continued...
METZ HASTINGS 1066 PROPERTIES LLP (REGISTERED NUMBER: OC423125)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022


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 13 December 2022 and were signed by:




Mrs C F Metz-Hastings - Designated member




Mrs S C Hastings - Designated member


The notes form part of these financial statements

Page 3
METZ HASTINGS 1066 PROPERTIES LLP (REGISTERED NUMBER: OC423125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Metz Hastings 1066 Properties 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
In preparing the financial statements, the members are required to make estimates and judgments about the carrying amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on historical experience and other factors that are considered by the members to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.

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.

FINANCIAL INSTRUMENTS
The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - NIL).

Page 4 continued...
METZ HASTINGS 1066 PROPERTIES LLP (REGISTERED NUMBER: OC423125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2021
and 31 March 2022 3,305,000
Net book value
At 31 March 2022 3,305,000
At 31 March 2021 3,305,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 1,000
Other creditors 8,700 6,380
8,700 7,380

Page 5