OC430837falsethat of a holiday cottages management2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/cd:Director22022-04-012023-03-31http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2022-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: OC430837

Corvus Leisure LLP

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023

Prepared By:
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU

Corvus Leisure LLP

CONTENTS
Page
Report of the Members-
Report of the Accountants-
Profit and Loss Account-
Balance Sheet3
Notes to the Accounts4
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account-
Profit and Loss Account Summaries-
Capital Accounts-
Current Accounts-

Corvus Leisure LLP

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
DESIGNATED MEMBERS
Andrew Corbett
Virginia Corbett
REGISTERED OFFICE
Trenewydd
Moylegrove
Cardigan
Ceredigion
SA43 3BJ
COMPANY NUMBER
OC430837
ACCOUNTANTS
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU

Corvus Leisure LLP

BALANCE SHEET AT 31 March 2023
20232022
Notes££
FIXED ASSETS
Tangible assets272,66665,257
CURRENT ASSETS
Stock1c780877
Debtors33,0222,192
Cash at bank and in hand2,6934,512
6,4957,581
CREDITORS: Amounts falling due within one year20,47218,414
NET CURRENT LIABILITIES(13,977)(10,833)
TOTAL ASSETS LESS CURRENT LIABILITIES58,68954,424
CREDITORS: Amounts falling due after more than oneyear516,000-
NET ASSETS ATTRIBUTABLE TO MEMBERS42,68954,424
LOANS AND OTHER DEBTS DUE TO MEMBERS42,68954,424
MEMBERS ' OTHER INTERESTS
42,68954,424
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members42,68954,424
42,68954,424
For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 21 June 2023 and signed on their behalf by
.............................
Virginia Corbett
Designated Member

Corvus Leisure LLP

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 15%
Commercial Vehicles 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Corvus Leisure LLP

2. TANGIBLE FIXED ASSETS
Land AndPlant andCommercial
BuildingsMachineryVehiclesTotal
££££
Cost
At 1 April 202212,02064,02712,25188,298
Additions3,93814,447-18,385
At 31 March 202315,95878,47412,251106,683
Depreciation
At 1 April 2022-19,0414,00023,041
For the year-8,9142,06210,976
At 31 March 2023-27,9556,06234,017
Net Book Amounts
At 31 March 202315,95850,5196,18972,666
At 31 March 202212,02044,9868,25165,257
3. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors1,607217
VAT-1,475
Other Debtors1,415500
3,0222,192
4. EMPLOYEES
20232022
No.No.
Average number of employees--
There were no employees.

Corvus Leisure LLP

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans and overdrafts16,000-
16,000-