P B Property Investments LLP - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: OC356861 (England and Wales)

P B PROPERTY INVESTMENTS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 AUGUST 2022

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

C R J Baxter

A J Baxter

REGISTERED OFFICE:

Clarke Nicklin House

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

REGISTERED NUMBER:

OC356861 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Investment property

4

160,000

160,000

CURRENT ASSETS

Debtors

5

5,276

2,000

Cash at bank

18,916

11,940

24,192

13,940

CREDITORS

Amounts falling due within one year

6

8,157

2,536

NET CURRENT ASSETS

16,035

11,404

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

176,035

171,404

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

121,638

117,007

MEMBERS' OTHER INTERESTS

Capital accounts

50

50

Revaluation reserve

8

54,347

54,347

176,035

171,404

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

121,638

117,007

Members' other interests

54,397

54,397

176,035

171,404

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 27 August 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 22 June 2023 and were signed by:

C R J Baxter - Designated member

A J Baxter - Designated member

1.	STATUTORY INFORMATION

P B Property Investments 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the invoices rent and sales of services. Rental income is recognised in the period to which the rent relates. Other income is recognised when the underlying service is provided and the LLP obtains the right to consideration.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2021 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 28 August 2021

and 27 August 2022

160,000

NET BOOK VALUE

At 27 August 2022

160,000

At 27 August 2021

160,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

3,229

-

Other debtors

2,047

2,000

5,276

2,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other creditors

8,157

2,536

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2022

2021

£

£

Amounts owed to members in respect of profits

121,638

117,007

Falling due within one year

121,638

117,007

Loans and other debts due to members' rank below in relation to other creditors.

8.

RESERVES

Revaluation

reserve

£

At 28 August 2021

and 27 August 2022

54,347