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

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

3 CENTRAL AVENUE (WEST BRIDGFORD) LLP - Company Information

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REGISTERED NUMBER: OC362044 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2021

for

3 Central Avenue (West Bridgford) LLP
3 Central Avenue (West Bridgford) LLP (Registered number: OC362044)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3 Central Avenue (West Bridgford) LLP


General Information
for the Year Ended 31 March 2021







DESIGNATED MEMBERS: HCP Capital Partners LLP
The Adams Group Limited





REGISTERED OFFICE: 10 Oxford Street
Nottingham
NG1 5BG





REGISTERED NUMBER: OC362044 (England and Wales)
Page 1
3 Central Avenue (West Bridgford) LLP (Registered number: OC362044)


Balance Sheet
31 March 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,191,369 1,191,369

CURRENT ASSETS
Debtors 5 65,315 53,295
Cash at bank 16,102 7,818
81,417 61,113
CREDITORS
Amounts falling due within one year 6 382,578 391,584
NET CURRENT LIABILITIES (301,161 ) (330,471 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
890,208
860,898

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
890,208
860,898

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 890,208 860,898

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 2021.

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...
3 Central Avenue (West Bridgford) LLP (Registered number: OC362044)


Balance Sheet - continued
31 March 2021


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 September 2021 and were signed by:





HCP Capital Partners LLP - Designated member

The notes form part of these financial statements

Page 3
3 Central Avenue (West Bridgford) LLP (Registered number: OC362044)


Notes to the Financial Statements
for the Year Ended 31 March 2021

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 (2020 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2020
and 31 March 2021 1,191,369
NET BOOK VALUE
At 31 March 2021 1,191,369
At 31 March 2020 1,191,369

Fair value at 31 March 2021 is represented by:
£   
Valuation in 2017 1,191,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 34,284 20,570
Prepayments and accrued income 31,031 32,725
65,315 53,295

Page 4 continued...
3 Central Avenue (West Bridgford) LLP (Registered number: OC362044)


Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 360,206 366,870
Trade creditors 16 -
VAT 3,409 5,884
Accruals and deferred income 18,947 18,830
382,578 391,584

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2021 2020
£    £   
Amounts owed to members in respect of profits 890,208 860,898

Falling due within one year 890,208 860,898

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.

Page 5