REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2022 |
for |
The Bell Street Partnership LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2022 |
for |
The Bell Street Partnership LLP |
The Bell Street Partnership LLP (Registered number: OC361367) |
Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
The Bell Street Partnership LLP |
General Information |
for the Year Ended 31 March 2022 |
DESIGNATED MEMBERS: |
R J Verdin |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Gowran House |
56 Broad Street |
Chipping Sodbury |
Bristol |
BS37 6AG |
The Bell Street Partnership LLP (Registered number: OC361367) |
Balance Sheet |
31 March 2022 |
31.3.22 | 31.3.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
698,872 |
700,299 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
698,872 |
700,299 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 698,872 | 700,299 |
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. |
The Bell Street Partnership LLP (Registered number: OC361367) |
Balance Sheet - continued |
31 March 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 |
The Bell Street Partnership LLP (Registered number: OC361367) |
Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
1. | STATUTORY INFORMATION |
The Bell Street Partnership 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 represents rents receivable from residential properties. |
Tangible fixed assets |
No depreciation is provided on the freehold property for the year as it is considered that the current value considerably exceeds cost. |
Depreciation on furniture has been fully provided in previous years. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2021 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property | Furniture | Totals |
£ | £ | £ |
COST |
At 1 April 2021 |
and 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
and 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Sundry Debtors and prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Sundry creditors and accruals |
Bank loan | 2,500,000 | - |
The Bell Street Partnership LLP (Registered number: OC361367) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Bank loan 1 - 5 years |
Secured by first charge against the freehold property and due to mature on 28 April 2022, but has been extended. |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.3.22 | 31.3.21 |
£ | £ |
Amounts owed to members in respect of profits | 698,872 | 700,299 |
Falling due within one year | 698,872 | 700,299 |
The amounts due to members rank after all amounts owed to creditors. |