Balham Properties LLP - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC375643 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BALHAM PROPERTIES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr S A Hall

Mr D I S Hall

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

OC375643 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certifed Accountants

Solar House

282 Chase Road

London

N14 6NZ

CURRENT ASSETS

Stocks

4

-

3,055,000

Debtors

5

569,991

15,572

Cash at bank

105,885

360,055

675,876

3,430,627

CREDITORS

Amounts falling due within one year

6

663,577

1,866,860

NET CURRENT ASSETS

12,299

1,563,767

TOTAL ASSETS LESS CURRENT LIABILITIES

12,299

1,563,767

CREDITORS

Amounts falling due after more than one year

7

-

1,200,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

12,299

363,767

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

12,299

363,767

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

12,299

363,767

Amounts due from members

5

(564,910

)

-

(552,611

)

363,767

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 2023.

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 30 October 2023 and were signed by:

Mr S A Hall - Designated member

1.	STATUTORY INFORMATION

Balham 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.

Turnover

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

4.

STOCKS

31.3.23

31.3.22

£

£

Stocks

-

3,055,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Debtors

5,081

15,572

Amounts due from members

564,910

-

569,991

15,572

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts (see note 8)

35,885

47,110

Trade creditors

605,625

1,747,777

Other creditors

-

35,000

Service charges in advance

7,067

13,197

Accrued expenses

15,000

23,776

663,577

1,866,860

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans (see note 8)

-

1,200,000

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.23

31.3.22

£

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

35,885

47,110

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

1,200,000

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Total loans due to members is £ 14,799.