Registered No. OC301721 (England and Wales)
Canning Holiday Lettings LLP
Unaudited accounts
for the year ended 31 March 2022
Canning Holiday Lettings LLP
LLP Information
for the year ended 31 March 2022
Designated members
Mr C Bodhan
Registered Number
OC301721 (England and Wales)
Registered Office
321 Main Street
Calverton
Nottingham
NG14 6LT
Accountants
Add-itions Accountancy Solutions Ltd
321 Main Street
Calverton
Nottingham
Nottinghamshire
NG14 6LT
Canning Holiday Lettings LLP
Statement of financial position
as at 31 March 2022
Investment property
189,000
189,000
Cash at bank and in hand
57,709
59,861
Creditors: amounts falling due within one year
(4,227)
-
Net current assets
62,285
62,260
Net assets attributable to members
251,350
251,347
Loans and other debts due to members
198,178
198,175
Members' capital classified as equity
53,172
53,172
Loans and other debts due to members
198,178
198,175
Members' other interests
53,172
53,172
For the year ending 31 March 2022 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 26 July 2022.
Mr Ashok Jani
Designated member
Limited Liability Partnership Registration No. OC301721
Canning Holiday Lettings LLP
Notes to the Accounts
for the year ended 31 March 2022
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover represents rental income received.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
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.
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
Canning Holiday Lettings LLP is a limited liability partnership, incorporated in England and Wales, registration number OC301721. Its registered office is 321 Main Street, Calverton, Nottingham, NG14 6LT.
Canning Holiday Lettings LLP
Notes to the Accounts
for the year ended 31 March 2022
3
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2021
189,000
Fair value at 31 March 2022 is represented by:
Cost £136,828
Valuation in 2019 £52,172
The investment property was valued on an open market basis on 31 March 2022 by the directors.
5
Creditors: amounts falling due within one year
2022
2021
6
Loans and other debts due to members
2022
2021
Members' capital classified as a liability
198,178
198,175
Amounts falling due within one year
198,178
198,175
Loans and other debts due to members' (other than members' capital classified as debt) would only be paid after all other creditors had been settled.
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).