Brook Mill Property Management LLP. FILLETED ACCOUNTS COVER
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Registered No. OC350635
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Brook Mill Property Management LLP. BALANCE SHEET REGISTRAR
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at
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Registered No.
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Notes
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2019
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2018
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£
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£
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Fixed assets
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Investment property
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4
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4,193,599
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4,193,599
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Investments
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5
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129,918
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-
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4,323,517
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4,193,599
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Current assets
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Debtors
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6
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6,079,277
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79,804
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Cash at bank and in hand
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217,781
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21,314
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6,297,058
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101,118
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Creditors: Amounts falling due within one year
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7
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(91,505)
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(99,252)
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Net current assets
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6,205,553
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1,866
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Total assets less current liabilities
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10,529,070
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4,195,465
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Creditors: Amounts falling due after more than one year
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8
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(6,309,600)
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-
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Net assets attributable to members
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4,219,470
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4,195,465
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Represented by:
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Members' other interests
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Members' capital
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4,193,599
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4,193,586
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Other reserves
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25,871
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1,879
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4,219,470
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4,195,465
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4,219,470
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4,195,465
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As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the members on 05 April 2019
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And signed on its behalf by designated member:
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Alternative Investments Exchange Ltd.
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Designated member
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05 April 2019
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Brook Mill Property Management LLP. NOTES TO THE ACCOUNTS REGISTRAR
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for the year ended 5 April 2019
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General information
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1
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Its registered number is: OC350635
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Its registered office is:
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2
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Accounting policies
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Turnover
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Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
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Members' remuneration and division of profits
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Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.
In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense. Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'. |
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Freehold investment property
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No depreciation is provided in respect of investment properties. |
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Trade and other debtors
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Trade and other creditors
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Members' Interests
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Members' interests are classified as either equity or debt.
Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves. Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members. |
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Taxation
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3
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Information in relation to members
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2019
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2018
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Number
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Number
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The average number of members during the year :
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3
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3
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2019
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2018
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£
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£
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The amount of profit attributable to the member with the largest entitlement was:
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217,150
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197,702
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4
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Investment property
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Freehold Investment Property
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£
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Valuation
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At 6 April 2018
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At 5 April 2019
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5
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Investments
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Investment in Subsidiaries
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Total
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£
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£
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Cost or revaluation
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Additions
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At 5 April 2019
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Provisions and impairment
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Net book values
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At 5 April 2019
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6
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Debtors
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2019
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2018
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£
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£
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Trade debtors
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Amounts owed by group undertakings
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VAT recoverable
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Other debtors
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Prepayments and accrued income
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7
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Creditors:
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amounts falling due within one year
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2019
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2018
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£
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£
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Bank loans and overdrafts
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Other loans
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Trade creditors
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Other taxes and social security
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Accruals and deferred income
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8
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Creditors:
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amounts falling due after more than one year
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2019
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2018
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£
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£
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Bank loans and overdrafts
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Liabilities repayable in more than five years after the balance sheet date
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Amount repayable other than by instalments
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6,309,600
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-
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9
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Creditors: borrowings
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2019
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2018
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£
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£
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The aggregate amount of secured liabilities included within creditors falling due within and after one year
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10
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Related party disclosures
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2019
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2018
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Transactions with related parties
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£
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£
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Name of related party
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Description of relationship between the parties
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Subsidiary
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Description of transaction and general amounts involved
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Amount due from/(to) the related party
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Name of related party
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Description of relationship between the parties
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Subsidiary
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Description of transaction and general amounts involved
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Amount due from/(to) the related party
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Controlling Party
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The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:
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The parent's registered office address is:
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The address of the parent's principal place of business is:
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Brookmill Property Management LLP
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40a Manor Road
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Potters Bar
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En6 1Dq
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