Building Block Properties UK LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC333619 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Building Block Properties UK LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A M Williams

Building Block Properties Limited

REGISTERED OFFICE:

Harmile House

54 St. Mary's Lane

Upminster

Essex

RM14 2QT

REGISTERED NUMBER:

OC333619 (England and Wales)

ACCOUNTANTS:

J P B Harris & Co Limited

Chartered Accountants and Taxation

Consultants

Harmile House, 54 St. Mary's Lane

Upminster

Essex

RM14 2QT

FIXED ASSETS

Tangible assets

3

723,264

345,550

Investments

4

418,830

624,369

1,142,094

969,919

CURRENT ASSETS

Debtors

5

-

776

Cash at bank and in hand

3,896

2,958

3,896

3,734

CREDITORS

Amounts falling due within one year

6

111,957

111,899

NET CURRENT LIABILITIES

(108,061

)

(108,165

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,034,033

861,754

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,234,711

858,244

MEMBERS' OTHER INTERESTS

Other reserves

(200,678

)

(18,307

)

Fair value reserve

8

-

21,817

1,034,033

861,754

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,234,711

858,244

Members' other interests

(200,678

)

3,510

1,034,033

861,754

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 December 2017.

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 25 September 2018 and were signed by:

A M Williams - Designated member

1.	STATUTORY INFORMATION

Building Block Properties UK 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Freehold property

-

not provided

Long leasehold

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

The members consider that the lease and freehold properties are maintained in such a state of repair that their

residual value is at least equal to the net book value. As a result, no depreciation is charged in the profit and loss

account.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

INVESTMENTS

Listed investments are included in the balance sheet at market value.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2017

340,377

7,794

348,171

Additions

377,023

1,984

379,007

At 31 December 2017

717,400

9,778

727,178

DEPRECIATION

At 1 January 2017

-

2,621

2,621

Charge for year

-

1,293

1,293

At 31 December 2017

-

3,914

3,914

NET BOOK VALUE

At 31 December 2017

717,400

5,864

723,264

At 31 December 2016

340,377

5,173

345,550

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2017

624,369

Revaluations

(205,539

)

At 31 December 2017

418,830

NET BOOK VALUE

At 31 December 2017

418,830

At 31 December 2016

624,369

Cost or valuation at 31 December 2017 is represented by:

Other

investments

£

Valuation in 2017

418,830

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

-

776

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Amounts owed to participating interests

110,995

110,995

Other creditors

962

904

111,957

111,899

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other creditors.

8.

RESERVES

Fair

value

reserve

£

At 1 January 2017

21,817

Fair value reserve

(21,817

)

At 31 December 2017

-

Other reserves comprise unallocated profits and impairments of investments.

9.	CAPITAL COMMITMENTS

31.12.17

31.12.16

£

£

Contracted but not provided for in the

financial statements

-

357,000

Contracts for the acquisition of freehold property were exchanged in December 2016, but completion not

finalised until 9th January 2017.