Centenary Property Developments LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC326958 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Centenary Property Developments LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

European Property Investments Limited

G A Mason

REGISTERED OFFICE:

38 Clarendon Road

Manchester

M30 9ES

REGISTERED NUMBER:

OC326958 (England and Wales)

FIXED ASSETS

Investment property

3

10,000,000

10,000,000

CURRENT ASSETS

Debtors

4

136,423

116,420

Cash in hand

432,288

924,346

568,711

1,040,766

CREDITORS

Amounts falling due within one year

5

294,733

303,498

NET CURRENT ASSETS

273,978

737,268

TOTAL ASSETS LESS CURRENT LIABILITIES

10,273,978

10,737,268

CREDITORS

Amounts falling due after more than one year

6

5,459,051

4,273,805

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,814,927

6,463,463

LOANS AND OTHER DEBTS DUE TO MEMBERS

4,814,925

6,463,461

MEMBERS' OTHER INTERESTS

Capital accounts

2

2

4,814,927

6,463,463

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

4,814,925

6,463,461

Members' other interests

2

2

4,814,927

6,463,463

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 2019.

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 16 December 2019 and were signed by:

G A Mason - Designated member

1.	STATUTORY INFORMATION

Centenary Property Developments 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 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. The financial statements have been prepared under the historical cost convention.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

10,000,000

NET BOOK VALUE

At 31 March 2019

10,000,000

At 31 March 2018

10,000,000

4.

DEBTORS

31.3.19

31.3.18

£

£

Amounts falling due within one year:

Trade debtors

6,633

105,858

Other debtors

18,564

10,562

25,197

116,420

31.3.19

31.3.18

£

£

Amounts falling due after more than one year:

Other debtors

111,226

-

Aggregate amounts

136,423

116,420

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

5,239

4,254

Taxation and social security

49,502

49,467

Other creditors

239,992

249,777

294,733

303,498

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans

5,459,051

4,273,805