REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2022 |
for |
Fleet Suites LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2022 |
for |
Fleet Suites LLP |
Fleet Suites LLP (Registered number: OC427141) |
Contents of the Financial Statements |
for the Year Ended 30 April 2022 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Fleet Suites LLP |
General Information |
for the Year Ended 30 April 2022 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
47 Kensington Road |
Chichester |
West Sussex |
PO19 7XS |
Fleet Suites LLP (Registered number: OC427141) |
Balance Sheet |
30 April 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
906,178 |
919,762 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
706,178 |
719,762 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 200,000 | 200,000 |
906,178 | 919,762 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 706,178 | 719,762 |
Members' other interests | 200,000 | 200,000 |
906,178 | 919,762 |
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. |
Fleet Suites LLP (Registered number: OC427141) |
Balance Sheet - continued |
30 April 2022 |
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 Income Statement has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
Fleet Suites LLP (Registered number: OC427141) |
Notes to the Financial Statements |
for the Year Ended 30 April 2022 |
1. | STATUTORY INFORMATION |
Fleet Suites 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 |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2021 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2021 |
and 30 April 2022 |
NET BOOK VALUE |
At 30 April 2022 |
At 30 April 2021 |
The members consider that the fair value of the property at the balance sheet date is not materially different to its original cost, including acquisition costs, at the date of purchase in October 2019. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Fleet Suites LLP (Registered number: OC427141) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2022 |
7. | 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. |
Loans and other debts due to members include interest free loans totalling £608,500 (2021: £608,500) which are repayable on demand from 5 August 2024, being 5 years after the date of the loan agreement. |
The remaining balance of loans and other debts due to members of £97,678 (2021: £111,262) consists of £54,081 (2021: £67,665) in respect of undrawn profits and £43,597 (2021: £43,597) of capital introduced. |
8. | RELATED PARTY DISCLOSURES |
Other debtors includes £nil (2021 £8,999) receivable from Helvellyn Properties Limited, a member of the LLP, in respect of rental deposits owed to tenants, and the net amount of rent received less expenditure incurred in respect of the investment property following completion. |