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REGISTERED NUMBER: OC436207 (England and Wales)















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: P R Gunston
C P Gunston





REGISTERED OFFICE: 53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF





REGISTERED NUMBER: OC436207 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
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:

P R Gunston
C P Gunston

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:





P R Gunston - Designated member


16 August 2022

SEAFORD LAUNDERETTE LLP (REGISTERED NUMBER: OC436207)

INCOME STATEMENT
FOR THE PERIOD 22 MARCH 2021 TO 31 DECEMBER 2021

Notes £   

TURNOVER 30,107

Cost of sales 8,703
GROSS PROFIT 21,404

Administrative expenses 34,223
(12,819 )

Other operating income 38,500
OPERATING PROFIT 4 25,681


Interest payable and similar
expenses

38
PROFIT FOR THE FINANCIAL
PERIOD BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





25,643

SEAFORD LAUNDERETTE LLP (REGISTERED NUMBER: OC436207)

BALANCE SHEET
31 DECEMBER 2021

Notes £    £   
FIXED ASSETS
Intangible assets 5 2,700
Tangible assets 6 4,127
6,827

CURRENT ASSETS
Stocks 250
Debtors 7 2,050
Cash at bank and in hand 77,453
79,753
CREDITORS
Amounts falling due within one year 8 27,707
NET CURRENT ASSETS 52,046
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 LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 December 2021.

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 have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 16 August 2022 and were signed by:





P R Gunston - Designated member

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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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 2 .

4. OPERATING PROFIT

The operating profit is stated after charging:

£   
Depreciation - owned assets 335
Goodwill amortisation 300

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 3,000
At 31 December 2021 3,000
AMORTISATION
Charge for period 300
At 31 December 2021 300
NET BOOK VALUE
At 31 December 2021 2,700

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 4,462
At 31 December 2021 4,462
DEPRECIATION
Charge for period 335
At 31 December 2021 335
NET BOOK VALUE
At 31 December 2021 4,127

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Prepayments and accrued income 2,050

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 20,000
Accruals and deferred income 7,707
27,707

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'.