Registered No. OC430902 (England and Wales)
PETSIL PROPERTY VENTURES LLP
Unaudited accounts
for the year ended 28 February 2023
PETSIL PROPERTY VENTURES LLP
LLP Information
for the year ended 28 February 2023
Designated members
Mrs AMARACHI OKWARA
Registered Number
OC430902 (England and Wales)
Registered Office
41 ROLAND AVENUE
COVENTRY
WEST MIDLANDS
CV6 4HQ
Accountants
Mark Essandoh, FCCA,FAIA
SA Accountancy Practice
Equitable House, 10 Woolwich New Road
Woolwich
London
SE18 6AB
PETSIL PROPERTY VENTURES LLP
Statement of financial position
as at 28 February 2023
Tangible assets
287,280
287,280
Cash at bank and in hand
622
2,000
Creditors: amounts falling due within one year
(139)
-
Net current assets
483
2,000
Total assets less current liabilities
287,763
289,280
Creditors: amounts falling due after more than one year
(265,661)
(271,626)
Net assets attributable to members
22,102
17,654
Members' capital classified as equity
40,654
40,654
Other reserves
(18,552)
(23,000)
Members' other interests
22,102
17,654
For the year ending 28 February 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 21 November 2023.
Mr. Emeka Okwara
Designated member
Limited Liability Partnership Registration No. OC430902
PETSIL PROPERTY VENTURES LLP
Notes to the Accounts
for the year ended 28 February 2023
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
PETSIL PROPERTY VENTURES LLP is a limited liability partnership, incorporated in England and Wales, registration number OC430902. Its registered office is 41 ROLAND AVENUE, COVENTRY, WEST MIDLANDS, CV6 4HQ.
3
Tangible fixed assets
Land & buildings
At 28 February 2023
287,280
At 28 February 2023
287,280
At 28 February 2022
287,280
4
Creditors: amounts falling due within one year
2023
2022
5
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
246,626
246,626
Obligations under finance leases and hire purchase contracts
19,035
25,000
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
PETSIL PROPERTY VENTURES LLP
Notes to the Accounts
for the year ended 28 February 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).