Registered number
OC374833
GRIN SW LLP
Filleted Accounts
31 March 2023
GRIN SW LLP
Registered number: OC374833
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 4,903 4,665
Creditors: amounts falling due within one year 4 (400) (400)
Net current assets 4,503 4,265
Total assets less current liabilities 4,503 4,265
Net assets attributable to members 4,503 4,265
Represented by:
Members' other interests
Other reserves 4,503 4,265
4,503 4,265
Total members' interests
Members' other interests 4,503 4,265
4,503 4,265
For the year ended 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 30 October 2023 and signed on their behalf by:
Paul Tucker
Designated member
GRIN SW LLP
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 645
At 31 March 2023 645
Depreciation
At 1 April 2022 645
At 31 March 2023 645
Net book value
At 31 March 2023 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 400 400
5 Other information
GRIN SW LLP is a limited liability partnership incorporated in England. Its registered office is:
91 Mill Street
Torrington
Devon
EX38 8AN
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