REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 31 July 2022 |
for |
Busfeild Arms LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 31 July 2022 |
for |
Busfeild Arms LLP |
Busfeild Arms LLP (Registered number: OC355384) |
Contents of the Financial Statements |
for the Year Ended 31 July 2022 |
Page |
General information | 1 |
Report of the members | 2 |
Income statement | 3 |
Balance sheet | 4 |
Notes to the financial statements | 6 |
Busfeild Arms LLP |
General Information |
for the Year Ended 31 July 2022 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Moors House |
11 South Hawksworth Street |
Ilkley |
West Yorkshire |
LS29 9DX |
Busfeild Arms LLP (Registered number: OC355384) |
Report of the Members |
for the Year Ended 31 July 2022 |
The members present their report with the financial statements of the LLP for the year ended 31 July 2022. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of a restaurant and public house. |
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 £24,749 (2021 - £99,205 loss). |
MEMBERS' INTERESTS |
ON BEHALF OF THE MEMBERS: |
Busfeild Arms LLP (Registered number: OC355384) |
Income Statement |
for the Year Ended 31 July 2022 |
31.7.22 | 31.7.21 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
(139,728 | ) | (223,764 | ) |
Other operating income |
OPERATING PROFIT/(LOSS) | 4 | ( |
) |
Interest payable and similar expenses |
PROFIT/(LOSS) FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
Busfeild Arms LLP (Registered number: OC355384) |
Balance Sheet |
31 July 2022 |
31.7.22 | 31.7.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
821,052 |
889,676 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
12 |
821,052 |
889,676 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
12 |
821,052 |
889,676 |
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. |
Busfeild Arms LLP (Registered number: OC355384) |
Balance Sheet - continued |
31 July 2022 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Busfeild Arms LLP (Registered number: OC355384) |
Notes to the Financial Statements |
for the Year Ended 31 July 2022 |
1. | STATUTORY INFORMATION |
Busfeild Arms 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. |
Tangible fixed assets |
Improvements to property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
4. | OPERATING PROFIT/(LOSS) |
The operating profit (2021 - operating loss) is stated after charging: |
31.7.22 | 31.7.21 |
£ | £ |
Depreciation - owned assets |
Busfeild Arms LLP (Registered number: OC355384) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and |
property | property | fittings |
£ | £ | £ |
COST |
At 1 August 2021 |
Additions |
At 31 July 2022 |
DEPRECIATION |
At 1 August 2021 |
Charge for year |
At 31 July 2022 |
NET BOOK VALUE |
At 31 July 2022 |
At 31 July 2021 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 August 2021 |
Additions |
At 31 July 2022 |
DEPRECIATION |
At 1 August 2021 |
Charge for year |
At 31 July 2022 |
NET BOOK VALUE |
At 31 July 2022 |
At 31 July 2021 |
6. | STOCKS |
31.7.22 | 31.7.21 |
£ | £ |
Stocks |
Busfeild Arms LLP (Registered number: OC355384) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Other debtors |
VAT |
Prepayments |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Bank loans and overdrafts (see note 10) |
Trade creditors |
Social security and other taxes |
VAT | 29,696 | - |
Other creditors |
Accrued expenses |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Other loans (see note 10) |
10. | LOANS |
An analysis of the maturity of loans is given below: |
31.7.22 | 31.7.21 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
Amounts falling due between one and two years: |
Loans | 185,170 |
11. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.7.22 | 31.7.21 |
£ | £ |
Loans |
Busfeild Arms LLP (Registered number: OC355384) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
12. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.7.22 | 31.7.21 |
£ | £ |
Amounts owed to members in respect of profits | 821,052 | 889,676 |
Falling due within one year | 821,052 | 889,676 |
In the event of a winding up the amounts included in "Loans and others debts due to members" will rank equally with unsecured creditors. |