Prime Landlords LLP - Accounts to registrar (filleted) - small 23.1.2

Prime Landlords LLP - Accounts to registrar (filleted) - small 23.1.2

PRIME LANDLORDS LLP - Company Information

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REGISTERED NUMBER: OC386986 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

PRIME LANDLORDS LLP
PRIME LANDLORDS LLP (REGISTERED NUMBER: OC386986)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIME LANDLORDS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2022







DESIGNATED MEMBERS: M Brook
Yelloway Coaches Limited





REGISTERED OFFICE: Unit 1 Palm Business Centre
Stock Lane
Chadderton
Oldham
Lancashire
OL9 9ER





REGISTERED NUMBER: OC386986 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD
Page 1
PRIME LANDLORDS LLP (REGISTERED NUMBER: OC386986)

BALANCE SHEET
31ST DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 467,368 467,368
467,368 467,368

CURRENT ASSETS
Debtors 6 7,305 7,140
Cash at bank 3,112 5,827
10,417 12,967
CREDITORS
Amounts falling due within one year 7 22,654 16,031
NET CURRENT LIABILITIES (12,237 ) (3,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
455,131
464,304

CREDITORS
Amounts falling due after more than
one year
8
305,595
312,080
NET ASSETS ATTRIBUTABLE TO
MEMBERS
149,536
152,224

LOANS AND OTHER DEBTS DUE TO
MEMBERS
9
149,536
152,224

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 149,536 152,224
Amounts due from members 6 (6,826 ) (6,825 )
142,710 145,399

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 31st December 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...
PRIME LANDLORDS LLP (REGISTERED NUMBER: OC386986)

BALANCE SHEET - continued
31ST DECEMBER 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 29th September 2023 and were signed by:





M Brook - Designated member

The notes form part of these financial statements

Page 3
PRIME LANDLORDS LLP (REGISTERED NUMBER: OC386986)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022

1. STATUTORY INFORMATION

Prime Landlords LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2022
and 31st December 2022 6,501
DEPRECIATION
At 1st January 2022
and 31st December 2022 6,501
NET BOOK VALUE
At 31st December 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2022
and 31st December 2022 467,368
NET BOOK VALUE
At 31st December 2022 467,368
At 31st December 2021 467,368

Page 4 continued...
PRIME LANDLORDS LLP (REGISTERED NUMBER: OC386986)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 7,305 7,140

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 22,262 15,639
Other creditors 392 392
22,654 16,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 305,595 312,080

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 216,546 249,525

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

Page 5