Registration number:
RSK Investments (Wigan) LLP
for the period from 2 February 2022 to 31 March 2023
RSK Investments (Wigan) LLP
Contents
Limited liability partnership information |
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
RSK Investments (Wigan) LLP
Limited liability partnership information
Designated members |
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Registered office |
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Accountants |
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RSK Investments (Wigan) LLP
(Registration number: OC440883)
Balance Sheet as at 31 March 2023
Note |
31 March 2023 |
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Fixed assets |
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Investments |
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Current assets |
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Cash and short-term deposits |
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Creditors: Amounts falling due within one year |
( |
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Net current assets/(liabilities) |
- |
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Net assets attributable to members |
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Represented by: |
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Members’ other interests |
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Members' capital classified as equity |
339,000 |
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339,000 |
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Total members' interests |
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Equity |
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339,000 |
For the year ending 31 March 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of RSK Investments (Wigan) LLP (registered number OC440883) were approved by the
RSK Investments (Wigan) LLP
(Registration number: OC440883)
Balance Sheet as at 31 March 2023 (continued)
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RSK Investments (Wigan) LLP
Notes to the Financial Statements for the Period from 2 February 2022 to 31 March 2023
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
General information and basis of accounting
The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of RSK Investments (Wigan) LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Members' remuneration and division of profits
The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.
Taxation
The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.
RSK Investments (Wigan) LLP
Notes to the Financial Statements for the Period from 2 February 2022 to 31 March 2023 (continued)
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Accounting policies (continued) |
Fixed asset investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Members' interests
Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.
Particulars of employees |
2 February 2022 to 31 March 2023 |
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Other departments |
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RSK Investments (Wigan) LLP
Notes to the Financial Statements for the Period from 2 February 2022 to 31 March 2023 (continued)
Investments held as fixed assets |
31 March 2023 |
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Other investments |
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Other investments
Unlisted investments |
Total |
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Cost |
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Additions |
339,000 |
339,000 |
At 31 March 2023 |
339,000 |
339,000 |
Net book value |
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At 31 March 2023 |
339,000 |
339,000 |
Creditors: Amounts falling due within one year |
31 March 2023 |
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Accruals and deferred income |
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