Registered number: OC430837 | ||||||||
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 Sheet | 3 | |||||||
Notes to the Accounts | 4 | |||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
Ceredigion | ||||||||
COMPANY NUMBER | ||||||||
ACCOUNTANTS | ||||||||
Pritchard & Co | ||||||||
Chartered Certified Accountants | ||||||||
Ffynnonddofn | ||||||||
74 High Street | ||||||||
Fishguard | ||||||||
Pembrokeshire | ||||||||
SA65 9AU |
Corvus Leisure LLP | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | 1c | |||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
6,495 | 7,581 | |||||||||
CREDITORS: Amounts falling due within one year | ||||||||||
NET CURRENT LIABILITIES | ( | (10,833) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than oneyear | 5 | 16,000 | - | |||||||
NET ASSETS ATTRIBUTABLE TO MEMBERS | 42,689 | 54,424 | ||||||||
LOANS AND OTHER DEBTS DUE TO MEMBERS | 42,689 | 54,424 | ||||||||
MEMBERS ' OTHER INTERESTS | ||||||||||
42,689 | 54,424 | |||||||||
TOTAL MEMBERS' INTERESTS | ||||||||||
Loans and other debts due to members | 42,689 | 54,424 | ||||||||
42,689 | 54,424 | |||||||||
Approved by the members on | ||||||||||
............................. | ||||||||||
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 | ||||||||
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 And | Plant and | Commercial | ||||||
Buildings | Machinery | Vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 April 2022 | 12,020 | 64,027 | 12,251 | 88,298 | ||||
Additions | 3,938 | 14,447 | - | 18,385 | ||||
At 31 March 2023 | 15,958 | 78,474 | 12,251 | 106,683 | ||||
Depreciation | ||||||||
At 1 April 2022 | - | 19,041 | 4,000 | 23,041 | ||||
For the year | - | 8,914 | 2,062 | 10,976 | ||||
At 31 March 2023 | - | 27,955 | 6,062 | 34,017 | ||||
Net Book Amounts | ||||||||
At 31 March 2023 | 72,666 | |||||||
At 31 March 2022 | 65,257 | |||||||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 1,607 | 217 | ||||||
VAT | - | 1,475 | ||||||
Other Debtors | 1,415 | 500 | ||||||
3,022 | 2,192 | |||||||
4. EMPLOYEES | ||||||||
2023 | 2022 | |||||||
No. | No. | |||||||
Average number of employees | - | |||||||
There were no employees. | ||||||||
Corvus Leisure LLP | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 16,000 | - | ||||||
16,000 | - | |||||||