REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 28 February 2023 |
for |
RS Property Solutions And Developments |
LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 28 February 2023 |
for |
RS Property Solutions And Developments |
LLP |
RS Property Solutions And Developments |
LLP (Registered number: OC430670) |
Contents of the Financial Statements |
for the Year Ended 28 February 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
RS Property Solutions And Developments |
LLP |
General Information |
for the Year Ended 28 February 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite 4102, Charlotte House |
Queens Dock Business Centre |
67-83 Norfolk Street |
Liverpool |
Merseyside |
L1 0BG |
RS Property Solutions And Developments |
LLP (Registered number: OC430670) |
Report of the Members |
for the Year Ended 28 February 2023 |
The members present their report with the financial statements of the LLP for the year ended 28 February 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of property development. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £160,344 (2022 - £170,224 profit). |
MEMBERS' INTERESTS |
There is no interest other than distribution out of the profits / loss of the LLP on equal basis. |
Each Member may draw on account of its share of profits such sums and at such times as the designated Members |
shall determine. The designated Members will determine whether the Members may draw amounts in scenarios |
where the cash requirements of the business compete with the need to allow cash drawings by Members. |
ON BEHALF OF THE MEMBERS: |
RS Property Solutions And Developments |
LLP (Registered number: OC430670) |
Income Statement |
for the Year Ended 28 February 2023 |
28.2.23 | 28.2.22 |
£ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
RS Property Solutions And Developments |
LLP (Registered number: OC430670) |
Balance Sheet |
28 February 2023 |
28.2.23 | 28.2.22 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
16,095 |
- |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
16,095 |
- |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
16,095 |
- |
Amounts due from members | (52,098 | ) | (20,519 | ) |
(36,003 | ) | (20,519 | ) |
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. |
RS Property Solutions And Developments |
LLP (Registered number: OC430670) |
Balance Sheet - continued |
28 February 2023 |
The financial statements were approved by the members of the LLP and authorised for issue on |
RS Property Solutions And Developments |
LLP (Registered number: OC430670) |
Notes to the Financial Statements |
for the Year Ended 28 February 2023 |
1. | STATUTORY INFORMATION |
RS Property Solutions And Developments 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. |
Turnover is measured at the fair value of the amounts derived from the services provided by the company falling within its ordinary activities, excluding discounts, rebates, value added tax and other sales taxes. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
5. | RELATED PARTY DISCLOSURES |
During the period, the LLP received services in the sum of £19,387 from Shape Land and Property Ltd, a designated member. The balance owed to the member at the period end was £19,387 (2020 £Nil). |