Wollaton Estates LLP - Accounts to registrar - small 17.1.1

WOLLATON ESTATES LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Turner Properties Limited

Horizon Developments (1994) Ltd

REGISTERED OFFICE:

Tudor House

185 Kenton Road

Kenton

Harrow

Middlesex

HA3 0EY

REGISTERED NUMBER:

OC332909 (England and Wales)

ACCOUNTANTS:

Barretts

Chartered Accountants &

Chartered Tax Advisers

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Investment property

3

190,000

186,676

CURRENT ASSETS

Cash at bank

4,618

9,703

CREDITORS

Amounts falling due within one year

4

1,832

1,691

NET CURRENT ASSETS

2,786

8,012

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

192,786

194,688

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

115,786

104,508

MEMBERS' OTHER INTERESTS

Capital accounts

77,000

90,180

192,786

194,688

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

115,786

104,508

Members' other interests

77,000

90,180

192,786

194,688

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 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 Profit and loss account has not been delivered.

The financial statements were approved by the members of the LLP on 21 June 2017 and were signed by:

Turner Properties Limited - Designated member

1.	STATUTORY INFORMATION

Wollaton Estates 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 rents receivable from let properties.

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 2016

186,676

Revaluations

3,324

At 31 March 2017

190,000

NET BOOK VALUE

At 31 March 2017

190,000

At 31 March 2016

186,676

Cost or valuation at 31 March 2017 is represented by:

£

Valuation in 2017

3,324

Cost

186,676

190,000

If the investment property had not been revalued it would have been included at the following historical cost:

2017

2016

£

£

Cost

186,676

186,676

The investment property was valued on an open market basis on 31 March 2017 by the members .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

1,000

650

Accruals and deferred income

832

1,041

1,832

1,691

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally in relation to other unsecured creditors, in the event of the

winding up of the LLP.