Paul Hambilton Investment LLP - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC353489 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2023

for

Paul Hambilton Investment LLP

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

5

644,700

644,700

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

644,700

644,700

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

644,700

644,700

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

644,700

644,700

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 15th December 2023 and were signed by:

Mr P C Hambilton - Designated member

1.	STATUTORY INFORMATION

Paul Hambilton Investment LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC353489

Registered office:

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition

Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to receive payment is established.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2022 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1st April 2022

and 31st March 2023

644,700

NET BOOK VALUE

At 31st March 2023

644,700

At 31st March 2022

644,700

Cost or valuation at 31st March 2023 is represented by:

Freehold

property

£

Valuation in 2012

105,000

Valuation in 2014

75,000

Valuation in 2015

464,700

644,700

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2023

2022

£

£

Amounts owed to members in respect of profits

644,700

644,700

Falling due within one year

644,700

644,700

The balances shown above would rank below unsecured creditors from the proceeds of a winding-up of the LLP.

7.	ULTIMATE CONTROLLING PARTY

The partnership was under the control of the member Mr P Hambilton, for the entire period.