Genich Property LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC343741 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

GENICH PROPERTY LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Miss G L Donaldson

C J Donaldson

Miss N M Donaldson

REGISTERED OFFICE:

1 Dartmouth Drive

Windle

St Helens

Merseyside

WA10 6BP

REGISTERED NUMBER:

OC343741 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Investment property

3

744,000

744,000

CURRENT ASSETS

Debtors

4

1,289

913

Cash at bank

91,487

80,944

92,776

81,857

CREDITORS

Amounts falling due within one year

5

3,190

4,059

NET CURRENT ASSETS

89,586

77,798

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

833,586

821,798

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

830,586

818,798

MEMBERS' OTHER INTERESTS

Capital accounts

3,000

3,000

833,586

821,798

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

830,586

818,798

Members' other interests

3,000

3,000

833,586

821,798

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 2018.

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 of Part 15 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 small LLPs.

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 on 31 July 2018 and were signed by:

C J Donaldson - Designated member

1.	STATUTORY INFORMATION

Genich Property 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 as modified by the revaluation of certain assets.

These financial statements have been prepared in accordance with the Statement Of Recommended Practice,

accounting for Limited Liability Partnerships.

Investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No

depreciation is provided in respect of investment properties.

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2017

and 31 March 2018

744,000

NET BOOK VALUE

At 31 March 2018

744,000

At 31 March 2017

744,000

Cost or valuation at 31 March 2018 is represented by:

£

Valuation in 2012

(16,191

)

Valuation in 2017

78,831

Cost

681,360

744,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

439

-

Prepayments

850

913

1,289

913

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

867

230

Prepaid income

574

574

Accrued expenses

1,749

3,255

3,190

4,059

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2018

2017

£

£

Amounts owed to members in respect of profits

830,586

818,798

Falling due within one year

830,586

818,798

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.