Company No:
Contents
DESIGNATED MEMBERS | H M Duncalf |
M W Kennett |
REGISTERED OFFICE | C/O Princecroft Willis Limited Towngate House |
2-8 Parkstone Road | |
Poole | |
BH15 2PW | |
United Kingdom |
REGISTERED NUMBER | OC397376 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Towngate House | |
2-8 Parkstone Road | |
Poole | |
Dorset BH15 2PW |
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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288,000 | 288,000 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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305,594 | 302,746 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 290,479 | 290,479 | ||
Total assets less current liabilities | 578,479 | 578,479 | ||
Net assets attributable to members |
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Represented by | ||||
Members' other interests | ||||
Members' capital classified as equity | 425,000 | 425,000 | ||
Revaluation reserve | 153,479 | 153,479 | ||
578,479 | 578,479 | |||
578,479 | 578,479 | |||
Total members' interests | ||||
Amounts due from members (included in debtors) | (287,433) | (260,439) | ||
Members' other interests | 578,479 | 578,479 | ||
291,046 | 318,040 |
Members' responsibilities:
The financial statements of The Trustees of 22 High East Street LLP (registered number:
M W Kennett
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
The Trustees of 22 High East Street LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is C/O Princecroft Willis Limited Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the LLP during the year |
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Investment property | |
£ | |
Valuation | |
As at 06 April 2022 |
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As at 05 April 2023 |
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The investment property was revalued by the designated members at the balance sheet date. In their opinion the market value of the property has remained unchanged.
2023 | 2022 | ||
£ | £ | ||
Trade debtors |
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Amounts owed by members |
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2023 | 2022 | ||
£ | £ | ||
Accruals |
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Other creditors |
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