REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 31 March 2022 |
for |
Greenstar Kumo Real Estates LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 31 March 2022 |
for |
Greenstar Kumo Real Estates LLP |
Greenstar Kumo Real Estates LLP (Registered number: SO306309) |
Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
Greenstar Kumo Real Estates LLP |
General Information |
for the Year Ended 31 March 2022 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
60 Constitution Street |
Edinburgh |
EH6 6RR |
Greenstar Kumo Real Estates LLP (Registered number: SO306309) |
Report of the Members |
for the Year Ended 31 March 2022 |
The members present their report with the financial statements of the LLP for the year ended 31 March 2022. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of serviced apartments. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £56,469 (2021 - £73,258 profit). |
MEMBERS' INTERESTS |
The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business. |
ON BEHALF OF THE MEMBERS: |
Greenstar Kumo Real Estates LLP (Registered number: SO306309) |
Income Statement |
for the Year Ended 31 March 2022 |
Period |
1.2.20 |
Year Ended | to |
31.3.22 | 31.3.21 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
(94,435 | ) | (78,120 | ) |
Other operating income |
OPERATING PROFIT | 4 |
Interest payable and similar expenses |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
56,469 |
73,258 |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
56,469 |
73,258 |
Members' remuneration charged as an expense |
5 |
(56,469 |
) |
(73,258 |
) |
PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
Greenstar Kumo Real Estates LLP (Registered number: SO306309) |
Balance Sheet |
31 March 2022 |
31.3.22 | 31.3.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
209,564 |
221,774 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
11 |
209,564 |
221,774 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 11 | 209,564 | 221,774 |
Amounts due from members | 7 | (6,761 | ) | - |
202,803 | 221,774 |
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. |
Greenstar Kumo Real Estates LLP (Registered number: SO306309) |
Balance Sheet - continued |
31 March 2022 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Greenstar Kumo Real Estates LLP (Registered number: SO306309) |
Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
1. | STATUTORY INFORMATION |
Greenstar Kumo Real Estates LLP is registered in Scotland. 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 |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
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. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2021 - NIL). |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
Period |
1.2.20 |
Year Ended | to |
31.3.22 | 31.3.21 |
£ | £ |
Depreciation - owned assets |
5. | INFORMATION IN RELATION TO MEMBERS |
Period |
1.2.20 |
Year Ended | to |
31.3.22 | 31.3.21 |
£ | £ |
Members' remuneration charged as an expense |
Automatic division of profit | 56,469 | 73,258 |
Greenstar Kumo Real Estates LLP (Registered number: SO306309) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
6. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 April 2021 |
Additions |
At 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
Charge for year |
At 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Bank loans |
Greenstar Kumo Real Estates LLP (Registered number: SO306309) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
31.3.22 | 31.3.21 |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 435,565 | 443,460 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.22 | 31.3.21 |
£ | £ |
Bank loan | 435,565 | 442,460 |
Redwood Bank Limited have security over the asses of the company by way of a fixed and floating charge. |
11. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
In the event of a winding up, the amounts included in 'Loans and other debts due to members' will rank equally with unsecured creditors. |