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Registered Number: OC445298
England & Northern Ireland

 

 

 

DANCING CHAIN BIKES LLP


Abridged Accounts
 


Period of accounts

Start date: 09 January 2023

End date: 31 March 2023
Chartered Accountant's report to the Members on the preparation of the unaudited statutory accounts of Dancing Chain Bikes LLP for the period ended 31 March 2023


As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2023 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................
Moorhurst Partners LLP
Suite 39 Albert Buildings
49 Queen Victoria Street
London
EC4N 4SA
20 November 2023
1
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 10,330 
10,330 
Current assets    
Stocks 15,140 
Cash at bank and in hand 739 
15,879 
Creditors: amount falling due within one year (1)
Net current assets 15,878 
 
Total assets less current liabilities 26,208 
Net assets 26,208 
 

Represented by:
Loans and other debts due to members 31,741 
Members' other interest
Other reserves (5,533)
(5,533)

26,208 
 

Total members' interests
Loans and other debts due to members 31,741 
Members' other interests (5,533)
26,208 
 


For the period ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................

Designated Member
Date approved by the members: 20 November 2023
2
General Information
Dancing Chain Bikes LLP is a limited liability partnership, registered in England & Northern Ireland, registration number OC445298, registration address 297 High Road, Leytonstone, London, E11 4HH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
Improvements to property 20% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Improvements to property   Total
  £   £   £
At 09 January 2023    
Additions 6,502    4,371    10,873 
Disposals    
At 31 March 2023 6,502    4,371    10,873 
Depreciation
At 09 January 2023    
Charge for period 325    218    543 
On disposals    
At 31 March 2023 325    218    543 
Net book values
Closing balance as at 31 March 2023 6,177    4,153    10,330 
Opening balance as at 09 January 2023    


3