Registered number
OC437096
GO Routledge LLP
Filleted Accounts
31 December 2022
GO Routledge LLP
Registered number: OC437096
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 1,783,154 1,783,154
Current assets
Debtors 4 4,254 4,254
Cash at bank and in hand 13,875 -
18,129 4,254
Creditors: amounts falling due within one year 5 (2,088) (1,848)
Net current assets 16,041 2,406
Total assets less current liabilities 1,799,195 1,785,560
Creditors: amounts falling due after more than one year 6 (950,150) (950,150)
Net assets attributable to members 849,045 835,410
Represented by:
Loans and other debts due to members 7 833,004 833,004
Members' other interests
Other reserves 16,041 2,406
849,045 835,410
Total members' interests
Loans and other debts due to members 7 833,004 833,004
Members' other interests 16,041 2,406
849,045 835,410
For the year ended 31 December 2022 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 2 April 2023 and signed on their behalf by:
Mr Guy Sebastian Routledge
Designated member
GO Routledge LLP
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings No depreciation policy applied
2 Employees 2022 2021
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2022 1,783,154
At 31 December 2022 1,783,154
Depreciation
At 31 December 2022 -
Net book value
At 31 December 2022 1,783,154
At 31 December 2021 1,783,154
4 Debtors 2022 2021
£ £
Other debtors 4,254 4,254
5 Creditors: amounts falling due within one year 2022 2021
£ £
Other creditors 2,088 1,848
6 Creditors: amounts falling due after one year 2022 2021
£ £
Other creditors 950,150 950,150
7 Loans and other debts due to members 2022 2021
£ £
Loans from members 833,004 833,004
Amounts falling due within one year 833,004 833,004
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
GO Routledge LLP is a limited liability partnership incorporated in England. Its registered office is:
Paddock Woods
Petworth Road
Wormley
Godalming
GU8 5TR
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