Registration number:
Chrysalis Rail LLP
Unaudited Financial Statements
for the period from 1 February 2022 to 31 March 2023
(Registration number: OC342563)
Balance Sheet as at 31 March 2023
Note |
31 March 2023 |
31 January 2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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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 (liabilities)/assets |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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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 |
109,356 |
161,472 |
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Other reserves |
( |
( |
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107,911 |
153,457 |
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107,911 |
153,457 |
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Total members' interests |
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Equity |
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107,911 |
153,457 |
(Registration number: OC342563)
Balance Sheet as at 31 March 2023 (continued)
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 or Members Report 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 Chrysalis Rail LLP (registered number OC342563) were approved by the
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Notes to the Financial Statements for the Period from 1 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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
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 Chrysalis Rail 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.
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its rental of unit. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
No depreciation |
Plant and machinery |
20% on reducing balance |
Fixtures and fittings |
20% on reducing balance |
Computer equipment |
33% on reducing balance |
Motor vehicles |
25% reducing balance |
Particulars of employees |
The average number of persons employed by the limited liability partnership during the period was
Notes to the Financial Statements for the Period from 1 February 2022 to 31 March 2023 (continued)
Tangible fixed assets |
Freehold land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
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Cost |
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At 1 February 2022 |
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At 31 March 2023 |
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Depreciation |
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At 1 February 2022 |
- |
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Charge for the year |
- |
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At 31 March 2023 |
- |
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Net book value |
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At 31 March 2023 |
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At 31 January 2022 |
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Office equipment |
Total |
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Cost |
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At 1 February 2022 |
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At 31 March 2023 |
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Depreciation |
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At 1 February 2022 |
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Charge for the year |
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At 31 March 2023 |
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Net book value |
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At 31 March 2023 |
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At 31 January 2022 |
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Notes to the Financial Statements for the Period from 1 February 2022 to 31 March 2023 (continued)
Debtors |
31 March 2023 |
31 January 2022 |
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Trade debtors |
- |
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Other debtors |
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Total current trade and other debtors |
8,483 |
14,234 |
Creditors: Amounts falling due within one year |
31 March 2023 |
31 January 2022 |
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Other borrowings |
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Trade creditors |
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Other creditors |
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Taxation and social security |
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Creditors: Amounts falling due after more than one year |
31 March 2023 |
31 January 2022 |
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Other borrowings |
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Included in other borrowings are hire purchase liabilities, which are secured against the relevant asset.