Oldfield Property Holdings LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC320073 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

OLDFIELD PROPERTY HOLDINGS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Designated members:

I Carling

Whelford Properties Limited

Registered office:

Springfield House

45 Welsh Back

Bristol

BS1 4AG

Registered number:

OC320073 (England and Wales)

Accountants:

Haines Watts Birmingham LLP

5-6 Greenfield Crescent

Edgbaston

Birmingham

West Midlands

B15 3BE

Fixed assets

Investment property

4

894,790

894,790

Current assets

Debtors

5

780,831

780,278

Cash at bank

8,724

11,422

789,555

791,700

Creditors

Amounts falling due within one year

6

807,730

809,875

Net current liabilities

(18,175

)

(18,175

)

Total assets less current liabilities

and

Net assets attributable to members

876,615

876,615

Loans and other debts due to members

7

876,615

876,615

Total members' interests

Loans and other debts due to members

7

876,615

876,615

Amounts due from members

5

(779,652

)

(779,089

)

96,963

97,526

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 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 21 December 2022 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.	Employee information

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

4.	Investment property

Total

£

Fair value

At 1 April 2021

and 31 March 2022

894,790

Net book value

At 31 March 2022

894,790

At 31 March 2021

894,790

5.

Debtors: amounts falling due within one year

2022

2021

£

£

Amounts due from members

779,652

779,089

VAT

12

22

Prepayments

1,167

1,167

780,831

780,278

6.

Creditors: amounts falling due within one year

2022

2021

£

£

Trade creditors

1,333

73

Amounts owed to participating interests

802,812

802,812

Accrued expenses

3,585

6,990

807,730

809,875

7.

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.