Chrysalis Rail LLP OC342563 false 2022-02-01 2023-03-31 2023-03-31 The principal activity of the company is Refurbishment of railways Digita Accounts Production Advanced 6.30.9574.0 OC342563 2022-02-01 2023-03-31 OC342563 2023-03-31 OC342563 core:OtherReservesSubtotal 2023-03-31 OC342563 core:CurrentFinancialInstruments 2023-03-31 OC342563 core:Non-currentFinancialInstruments 2023-03-31 OC342563 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 OC342563 core:WithinOneYear 2023-03-31 OC342563 core:FurnitureFittings 2023-03-31 OC342563 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 OC342563 core:MotorVehicles 2023-03-31 OC342563 core:OfficeEquipment 2023-03-31 OC342563 core:PlantMachinery 2023-03-31 OC342563 bus:SmallEntities 2022-02-01 2023-03-31 OC342563 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-03-31 OC342563 bus:FullAccounts 2022-02-01 2023-03-31 OC342563 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-03-31 OC342563 bus:PartnerLLP2 2022-02-01 2023-03-31 OC342563 bus:LimitedLiabilityPartnershipLLP 2022-02-01 2023-03-31 OC342563 core:ComputerEquipment 2022-02-01 2023-03-31 OC342563 core:FurnitureFittings 2022-02-01 2023-03-31 OC342563 core:LandBuildings 2022-02-01 2023-03-31 OC342563 core:LandBuildings core:OwnedOrFreeholdAssets 2022-02-01 2023-03-31 OC342563 core:MotorVehicles 2022-02-01 2023-03-31 OC342563 core:OfficeEquipment 2022-02-01 2023-03-31 OC342563 core:PlantMachinery 2022-02-01 2023-03-31 OC342563 countries:AllCountries 2022-02-01 2023-03-31 OC342563 2022-01-31 OC342563 core:FurnitureFittings 2022-01-31 OC342563 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-31 OC342563 core:MotorVehicles 2022-01-31 OC342563 core:OfficeEquipment 2022-01-31 OC342563 core:PlantMachinery 2022-01-31 OC342563 2021-02-01 2022-01-31 OC342563 2022-01-31 OC342563 core:OtherReservesSubtotal 2022-01-31 OC342563 core:CurrentFinancialInstruments 2022-01-31 OC342563 core:Non-currentFinancialInstruments 2022-01-31 OC342563 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 OC342563 core:WithinOneYear 2022-01-31 OC342563 core:FurnitureFittings 2022-01-31 OC342563 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-31 OC342563 core:MotorVehicles 2022-01-31 OC342563 core:OfficeEquipment 2022-01-31 OC342563 core:PlantMachinery 2022-01-31 iso4217:GBP xbrli:pure

Registration number: OC342563

Chrysalis Rail LLP

Unaudited Financial Statements

for the period from 1 February 2022 to 31 March 2023

 

Contents

Financial Statements

1 to 5

Balance Sheet

1

Notes to the Financial Statements

3

 

(Registration number: OC342563)
Balance Sheet as at 31 March 2023

Note

31 March 2023
 £

31 January 2022
 £

Fixed assets

 

Tangible assets

3

125,286

150,430

Current assets

 

Debtors

8,483

14,234

Cash and short-term deposits

 

53,219

67,048

 

61,702

81,282

Creditors: Amounts falling due within one year

5

(62,239)

(55,388)

Net current (liabilities)/assets

 

(537)

25,894

Total assets less current liabilities

 

124,749

176,324

Creditors: Amounts falling due after more than one year

6

(16,838)

(22,867)

Net assets attributable to members

 

107,911

153,457

Represented by:

 

Members’ other interests

 

Members' capital classified as equity

 

109,356

161,472

Other reserves

 

(1,445)

(8,015)

 

107,911

153,457

   

107,911

153,457

Total members' interests

 

Equity

 

107,911

153,457

   

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 Board and authorised for issue on 31 October 2023. They were signed on behalf of the limited liability partnership by:

.........................................
Mr CG Steele
Designated member

 

Notes to the Financial Statements for the Period from 1 February 2022 to 31 March 2023

1

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

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 3 (2022 - 3).

 

Notes to the Financial Statements for the Period from 1 February 2022 to 31 March 2023 (continued)

3

Tangible fixed assets

Freehold land and buildings
£

Plant and machinery
£

Fixtures and fittings
£

Motor vehicles
£

Cost

At 1 February 2022

50,000

391,951

8,650

39,440

At 31 March 2023

50,000

391,951

8,650

39,440

Depreciation

At 1 February 2022

-

318,140

7,226

15,406

Charge for the year

-

17,349

333

7,010

At 31 March 2023

-

335,489

7,559

22,416

Net book value

At 31 March 2023

50,000

56,462

1,091

17,024

At 31 January 2022

50,000

73,811

1,424

24,034

Office equipment
£

Total
£

Cost

At 1 February 2022

20,889

510,930

At 31 March 2023

20,889

510,930

Depreciation

At 1 February 2022

19,728

360,500

Charge for the year

452

25,144

At 31 March 2023

20,180

385,644

Net book value

At 31 March 2023

709

125,286

At 31 January 2022

1,161

150,430

 

Notes to the Financial Statements for the Period from 1 February 2022 to 31 March 2023 (continued)

4

Debtors

31 March 2023
 £

31 January 2022
 £

Trade debtors

-

6,000

Other debtors

8,483

8,234

Total current trade and other debtors

8,483

14,234

5

Creditors: Amounts falling due within one year

31 March 2023
 £

31 January 2022
 £

Other borrowings

5,168

5,168

Trade creditors

6,172

3,955

Other creditors

45,785

42,436

Taxation and social security

5,114

3,829

62,239

55,388

6

Creditors: Amounts falling due after more than one year

31 March 2023
 £

31 January 2022
 £

Other borrowings

16,838

22,867

Included in other borrowings are hire purchase liabilities, which are secured against the relevant asset.