Caseware UK (AP4) 2022.0.179 2022.0.179 2022-08-312022-08-31false2021-09-01Gift shop33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC432876 2021-09-01 2022-08-31 OC432876 2020-08-06 2021-08-31 OC432876 2022-08-31 OC432876 2021-08-31 OC432876 c:PlantMachinery 2021-09-01 2022-08-31 OC432876 c:PlantMachinery 2022-08-31 OC432876 c:PlantMachinery 2021-08-31 OC432876 c:PlantMachinery c:OwnedOrFreeholdAssets 2021-09-01 2022-08-31 OC432876 c:CurrentFinancialInstruments 2022-08-31 OC432876 c:CurrentFinancialInstruments 2021-08-31 OC432876 c:CurrentFinancialInstruments c:WithinOneYear 2022-08-31 OC432876 c:CurrentFinancialInstruments c:WithinOneYear 2021-08-31 OC432876 d:FRS102 2021-09-01 2022-08-31 OC432876 d:AuditExempt-NoAccountantsReport 2021-09-01 2022-08-31 OC432876 d:FullAccounts 2021-09-01 2022-08-31 OC432876 d:LimitedLiabilityPartnershipLLP 2021-09-01 2022-08-31 OC432876 d:PartnerLLP1 2021-09-01 2022-08-31 OC432876 c:FurtherSpecificReserve2ComponentTotalEquity 2022-08-31 OC432876 c:FurtherSpecificReserve2ComponentTotalEquity 2021-08-31 OC432876 c:FurtherSpecificReserve3ComponentTotalEquity 2022-08-31 OC432876 c:FurtherSpecificReserve3ComponentTotalEquity 2021-08-31 iso4217:GBP xbrli:pure
Registered number: OC432876














WESTTOWN 11 LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

 
WESTTOWN 11 LLP
REGISTERED NUMBER:OC432876

BALANCE SHEET
AS AT 31 AUGUST 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,338
8,450

  
6,338
8,450

Current assets
  

Stocks
  
16,550
9,600

Debtors: amounts falling due within one year
 5 
426
1,123

Cash at bank and in hand
 6 
42,875
24,089

  
59,851
34,812

Creditors: Amounts Falling Due Within One Year
 7 
(3,239)
(2,000)

Net current assets
  
 
 
56,612
 
 
32,812

Total assets less current liabilities
  
62,950
41,262

  

Net assets
  
62,950
41,262


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
127,789
71,656

  
127,789
71,656

Members' other interests
  

Other reserves classified as equity

  

(64,839)
(30,394)

  
 
(64,839)
 
(30,394)

  
62,950
41,262


Total members' interests
  

Loans and other debts due to members
 8 
127,789
71,656

Members' other interests
  
(64,839)
(30,394)

  
62,950
41,262



 
WESTTOWN 11 LLP
REGISTERED NUMBER:OC432876
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2022

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 13 October 2023.




D Albarn
Designated member

The notes on page 2 form part of these financial statements.

Westtown 11 LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.


 
WESTTOWN 11 LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

1.


General information

Westtown 11 LLP, is a limited liability partnership, registered in England and Wales, registration number OC432876. The registered offce address is 1 Westbourne Grove Mews, London W11 2RU. 
The principal activty of the LLP was the retail sale of gifts and home furnishings.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. 
Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure. Grants received from the local council authorities are included in other operating income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


 
WESTTOWN 11 LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price. 

 
2.9

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).


4.


Tangible fixed assets





Plant and machinery

£



Cost 


At 1 September 2021
11,268



At 31 August 2022

11,268



Depreciation


At 1 September 2021
2,818


Charge for the year on owned assets
2,112



At 31 August 2022

4,930



Net book value



At 31 August 2022
6,338



At 31 August 2021
8,450


 
WESTTOWN 11 LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

5.


Debtors

2022
2021
£
£


Other debtors
293
990

Prepayments
133
133

426
1,123



6.


Cash

2022
2021
£
£

Cash at bank and in hand
42,875
24,089

42,875
24,089



7.


Creditors: amounts falling due within one year

2022
2021
£
£

Trade creditors
526
-

Other creditors
213
-

Accruals
2,500
2,000

3,239
2,000


Page 1

 
WESTTOWN 11 LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

8.


Loans and other debts due to members


2022
2021
£
£



Other amounts due to members
127,789
71,656

127,789
71,656

Loans and other debts due to members may be further analysed as follows:

2022
2021
£
£



Falling due within one year
127,789
71,656

127,789
71,656

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 2