ACCOUNTS - Final Accounts

Loans and other debts due from members

DANESCROFT (NEWPORT PAGNELL ASSET MANAGEMENT) LLP - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-310false2022-04-01falseThe principle activity of the company is property development.0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC422084 2022-04-01 2023-03-31 OC422084 2021-04-01 2022-03-31 OC422084 2023-03-31 OC422084 2022-03-31 OC422084 c:CurrentFinancialInstruments 2023-03-31 OC422084 c:CurrentFinancialInstruments 2022-03-31 OC422084 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC422084 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC422084 d:FRS102 2022-04-01 2023-03-31 OC422084 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC422084 d:FullAccounts 2022-04-01 2023-03-31 OC422084 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC422084 d:PartnerLLP1 2022-04-01 2023-03-31 OC422084 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC422084 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 OC422084 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC422084 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 OC422084 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: OC422084

DANESCROFT (NEWPORT PAGNELL ASSET MANAGEMENT) LLP

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

DANESCROFT (NEWPORT PAGNELL ASSET MANAGEMENT) LLP

CONTENTS

	Page
Balance Sheet	1 - 2
Reconciliation of Members' Interests	3
Notes to the Financial Statements	4 - 5

DANESCROFT (NEWPORT PAGNELL ASSET MANAGEMENT) LLP

REGISTERED NUMBER: OC422084

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£


Current assets
Debtors		1,067		440
Cash at bank and in hand	3	11,391		15,376
		12,458		15,816
Creditors: Amounts Falling Due Within One Year	4	(2,200)		(2,200)
Net current assets			10,258		13,616
Total assets less current liabilities			10,258		13,616

Net assets			10,258		13,616

Represented by:
Loans and other debts due from members
Other amounts	5		10,158		13,516
			10,158		13,516
Members' other interests
Members' capital classified as equity		100		100
			100		100
			10,258		13,616

Total members' interests
Loans and other debts due from members	5	10,158	13,516
Members' other interests		100	100
		10,258	13,616

Page 1

DANESCROFT (NEWPORT PAGNELL ASSET MANAGEMENT) LLP

REGISTERED NUMBER: OC422084

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 13 December 2023.

................................................

C A Allen
On behalf of Fiera Real Estate UK Limited

Designated member

The notes on pages 4 to 5 form part of these financial statements.

Page 2

DANESCROFT (NEWPORT PAGNELL ASSET MANAGEMENT) LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 MARCH 2023


	EQUITY Members' other interests		DEBT Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Total	Other amounts	Total	Total
	£	£	£	£	£
Amounts due to members			16,778	16,778
Balance at 1 April 2021	100	100	16,777	16,777	16,877
Members' remuneration charged as an expense	-	-	(3,261)	(3,261)	(3,261)
Members' interests after profit for the year	100	100	13,516	13,516	13,616
Amounts due to members			13,516	13,516
Balance at 31 March 2022	100	100	13,516	13,516	13,616
Members' remuneration charged as an expense	-	-	(3,358)	(3,358)	(3,358)
Members' interests after profit for the year	100	100	10,158	10,158	10,258
Amounts due to members			10,158	10,158
Balance at 31 March 2023	100	100	10,158	10,158	10,258

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

DANESCROFT (NEWPORT PAGNELL ASSET MANAGEMENT) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

Danescroft (Newport Pagnell Asset Management) LLP is a Limited Liability Partnership, registered in England and Wales, registration number OC422084. The address of the registered office is Third Floor Queensberry House, 3 Old Burlington Street, London, W1S 3AE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

2.2

Going concern

The LLP is currently reliant on its members for financial support. The members are commited to the sustainment of the LLP and its activities, and are confident that the LLP has the resources to continue operating for at least 12 months from the date the financial statements are authorised. The members have concluded that it is appropriate that the financial statements be prepared on a going concern basis.

2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

DANESCROFT (NEWPORT PAGNELL ASSET MANAGEMENT) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Cash and cash equivalents
		2023	2022
		£	£

	Cash at bank and in hand	11,391	15,376

4.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

	Accruals and deferred income	2,200	2,200


	Other amounts due to members	10,158	13,516

Total members' interest, including loans and other debts due to members, are unsecured and would rank Pari passu with other unsecured creditors in the event of winding up

Page 5