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Registered number: OC308722
PNH (PROPERTIES) INVESTMENTS LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
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PNH (PROPERTIES) INVESTMENTS LLP
REGISTERED NUMBER: OC308722
BALANCE SHEET
AS AT 31 MARCH 2023
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Debtors: amounts falling due within one year
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Creditors: Amounts Falling Due Within One Year
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Loans and other debts due to members within one year
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Other reserves classified as equity
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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 480 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 21 December 2023.
The notes on pages 4 to 6 form part of these financial statements.
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PNH (PROPERTIES) INVESTMENTS LLP
REGISTERED NUMBER: OC308722
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
PNH (Properties) Investments LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.
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PNH (PROPERTIES) INVESTMENTS LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2023
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EQUITY
Members' other interests
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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.
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PNH (PROPERTIES) INVESTMENTS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PNH (Properties) Investments LLP ("the LLP") is a limited liability partnership, incorporated in England and Wales. Its registered office is Unit 5 Passfield Business Centre, Lynchborough Road, Passfield, Liphook, GU30 7SB.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of 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".
Turnover comprises revenue recognised by the LLP in respect of charges for management and financial services to connected companies.
Investments held as fixed assets are shown at cost less provision for impairment.
Short term debtors are measured at transaction price, less any impairment.
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Judgements in applying accounting policies and key sources of estimation uncertainty
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Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
a) Critical judgements in applying accounting policies
No critical judgements have been made in preparing these financial statements.
b) Critical accounting estimates and assumptions
The LLP does not consider there to be any critical estimates and assumptions in applying accounting policies.
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PNH (PROPERTIES) INVESTMENTS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
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Investments in subsidiary companies
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PNH (PROPERTIES) INVESTMENTS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
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The following were subsidiary undertakings of the LLP:
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Newhaven Industrial Park Limited
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Henley Business Park Limited
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Fernhurst Business Park Limited
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Amounts owed by joint ventures and associated undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to subsidiaries
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Related party transactions
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During the year the LLP recharged interest and related finance costs of £Nil (2022 - £27,826) to subsidiary and associated undertakings. Included within debtors is an amount of £408,090 (2022 - £408,090) owed by associated undertakings. Included within creditors is an amount of £3,472,154 (2022 - £3,472,154) owed to subsidiary undertakings.
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PNH (Properties) Investments LLP was under the joint control of P N Hunt and J A Hunt during the year.
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