REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
22 MARCH 2021 TO 31 DECEMBER 2021 |
FOR |
SEAFORD LAUNDERETTE LLP |
REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
22 MARCH 2021 TO 31 DECEMBER 2021 |
FOR |
SEAFORD LAUNDERETTE LLP |
SEAFORD LAUNDERETTE LLP (REGISTERED NUMBER: OC436207) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 22 MARCH 2021 TO 31 DECEMBER 2021 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
SEAFORD LAUNDERETTE LLP |
GENERAL INFORMATION |
FOR THE PERIOD 22 MARCH 2021 TO 31 DECEMBER 2021 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
53 Gildredge Road |
Eastbourne |
East Sussex |
BN21 4SF |
SEAFORD LAUNDERETTE LLP (REGISTERED NUMBER: OC436207) |
REPORT OF THE MEMBERS |
FOR THE PERIOD 22 MARCH 2021 TO 31 DECEMBER 2021 |
The members present their report with the financial statements of the LLP for the period 22 March 2021 to 31 December 2021. |
INCORPORATION |
The LLP was incorporated on 22 March 2021 and commenced trading on 1 July 2021. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the period under review was that of a laundrette |
DESIGNATED MEMBERS |
The designated members during the period under review were: |
RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS |
The profit for the period before members' remuneration and profit shares was £25,643. |
MEMBERS' INTERESTS |
During the year members receive monthly drawings, and occasional additional amounts, representing payments on account of profits which may be allocated to them. The amount of such monthly drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP and may be reclaimed from members until such time as profits have been allocated. |
Profits are determined, allocated and divided between members after the finalisation of the accounts. Prior to the allocation of profits and their division between members, drawings are included within debtors. Unallocated profits are included within 'members' other interests'. |
Capital requirements are determined by the designated members. All members are required to subscribe a proportion of that capital, with the amounts being determined by reference to the Limited Liability Partnership agreement. |
On retirement, capital is repaid to members. |
ON BEHALF OF THE MEMBERS: |
SEAFORD LAUNDERETTE LLP (REGISTERED NUMBER: OC436207) |
INCOME STATEMENT |
FOR THE PERIOD 22 MARCH 2021 TO 31 DECEMBER 2021 |
Notes | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
(12,819 | ) |
Other operating income |
OPERATING PROFIT | 4 |
Interest payable and similar expenses |
PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
SEAFORD LAUNDERETTE LLP (REGISTERED NUMBER: OC436207) |
BALANCE SHEET |
31 DECEMBER 2021 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
58,873 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
58,873 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
9 |
58,873 |
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. |
SEAFORD LAUNDERETTE LLP (REGISTERED NUMBER: OC436207) |
BALANCE SHEET - continued |
31 DECEMBER 2021 |
The financial statements were approved by the members of the LLP and authorised for issue on |
SEAFORD LAUNDERETTE LLP (REGISTERED NUMBER: OC436207) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 22 MARCH 2021 TO 31 DECEMBER 2021 |
1. | STATUTORY INFORMATION |
Seaford Launderette 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 |
Turnover |
The turnover shown in the profit and loss accounts represents takings during the year. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of 5 years. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
£ |
Depreciation - owned assets |
Goodwill amortisation |
SEAFORD LAUNDERETTE LLP (REGISTERED NUMBER: OC436207) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 22 MARCH 2021 TO 31 DECEMBER 2021 |
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31 December 2021 |
AMORTISATION |
Charge for period |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
Additions |
At 31 December 2021 |
DEPRECIATION |
Charge for period |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Prepayments and accrued income |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Accruals and deferred income |
SEAFORD LAUNDERETTE LLP (REGISTERED NUMBER: OC436207) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 22 MARCH 2021 TO 31 DECEMBER 2021 |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
£ |
Amounts owed to members in respect of profits | 58,873 |
Falling due within one year | 58,873 |
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. |
There is no provision for specific legally enforceable protection afforded to creditors in such an event. |
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'. |