Registered No. OC303340 (England and Wales)
Limevine Properties Limited Liability Partnership
Unaudited accounts
for the period from 1 October 2022 to 31 March 2024
Limevine Properties Limited Liability Partnership
LLP Information
for the period from 1 October 2022 to 31 March 2024
Designated members
Mr Simon Lewsley
Registered Number
OC303340 (England and Wales)
Registered Office
North Lodge Farm
Sheep Street
Leighton Bromswold
Huntingdon
PE28 5AZ
ENGLAND
Accountants
John Mutsaars
LRJ Accountancy Services Limited
High Street, Longborough
Moreton-in-Marsh
Gloucestershire
GL56 0QE
Limevine Properties Limited Liability Partnership
Statement of financial position
as at 31 March 2024
Investment property
860,000
950,000
Cash at bank and in hand
81,661
45,739
Creditors: amounts falling due within one year
(41,552)
(33,044)
Net current assets
40,109
12,695
Total assets less current liabilities
900,109
962,695
Creditors: amounts falling due after more than one year
(281,009)
(328,966)
Net assets attributable to members
619,100
633,729
Members' capital classified as equity
518,731
528,731
Other reserves
100,369
104,998
Members' other interests
619,100
633,729
For the period ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 1 June 2024.
Mr Simon Lewsley
Designated member
Limited Liability Partnership Registration No. OC303340
Limevine Properties Limited Liability Partnership
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment properties are stated at fair value.
The directors revalue the investment property annually to fair value with the aggregate surplus or deficit being recognised in the statement of comprehensive income. Acquisitions and disposals are recognised on the unconditional exchange of contracts for sale/purchase.
It is anticipated that external valuations will be carried out periodically.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Limevine Properties Limited Liability Partnership is a limited liability partnership, incorporated in England and Wales, registration number OC303340. Its registered office is North Lodge Farm, Sheep Street, Leighton Bromswold, Huntingdon, PE28 5AZ, ENGLAND.
Fair value at 1 October 2022
950,000
Net loss from fair value adjustments
(90,000)
The investment properties were revalued by the Members to open market value. The historical cost of these properties was £734,540
Limevine Properties Limited Liability Partnership
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
4
Creditors: amounts falling due within one year
2024
2022
Bank loans and overdrafts
29,651
32,471
Taxes and social security costs
509
573
5
Creditors: amounts falling due after more than one year
2024
2022
Bank loans
281,009
328,966
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the period the average number of employees was 0 (2022: 0).
