Registration number:
The Smugglers Inn Seaton LLP
trading as
for the Year Ended 31 January 2023
The Smugglers Inn Seaton LLP
trading as The Smugglers Inn
Contents
Limited liability partnership information |
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Financial Statements |
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Statement of Comprehensive Income |
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Balance Sheet |
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Notes to the Financial Statements |
The Smugglers Inn Seaton LLP
trading as The Smugglers Inn
Limited liability partnership information
Designated members |
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Registered office |
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Accountants |
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The Smugglers Inn Seaton LLP
trading as The Smugglers Inn
Statement of Comprehensive Income for the Year Ended 31 January 2023
Note |
2023 |
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Loss for the year available for discretionary division among members |
(11,483) |
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Other comprehensive income |
- |
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Total comprehensive income for the year available for discretionary division among members |
( |
The Smugglers Inn Seaton LLP
trading as The Smugglers Inn
(Registration number: OC415432)
Balance Sheet as at 31 January 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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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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Loans and other debts due to members |
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Members' capital classified as a liability |
29,441 |
141,780 |
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Members’ other interests |
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Members' capital classified as equity |
- |
5,727 |
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Other reserves |
( |
- |
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(11,483) |
5,727 |
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17,958 |
147,507 |
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Total members' interests |
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Loans and other debts due to members |
29,441 |
141,780 |
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Equity |
( |
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17,958 |
147,507 |
For the year ending 31 January 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’.
The Smugglers Inn Seaton LLP
trading as The Smugglers Inn
(Registration number: OC415432)
Balance Sheet as at 31 January 2023 (continued)
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 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 The Smugglers Inn Seaton LLP (registered number OC415432) were approved by the
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The Smugglers Inn Seaton LLP
trading as The Smugglers Inn
Notes to the Financial Statements for the Year Ended 31 January 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 The Smugglers Inn Seaton 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 performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost.
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Members' interests
Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
The Smugglers Inn Seaton LLP
trading as The Smugglers Inn
Notes to the Financial Statements for the Year Ended 31 January 2023 (continued)
Tangible fixed assets |
Fixtures and fittings |
Office equipment |
Total |
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Cost |
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At 1 February 2022 |
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Additions |
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At 31 January 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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Eliminated on disposals |
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- |
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At 31 January 2023 |
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Net book value |
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At 31 January 2023 |
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At 31 January 2022 |
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Stocks |
2023 |
2022 |
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Stocks |
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Debtors |
2023 |
2022 |
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Other debtors |
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Prepayments and accrued income |
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Total current trade and other debtors |
85,706 |
39,662 |
The Smugglers Inn Seaton LLP
trading as The Smugglers Inn
Notes to the Financial Statements for the Year Ended 31 January 2023 (continued)
Creditors: Amounts falling due within one year |
2023 |
2022 |
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Bank loans and overdrafts |
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Trade creditors |
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Other creditors |
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Accruals and deferred income |
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Taxation and social security |
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( |
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Creditors: Amounts falling due after more than one year |
2023 |
2022 |
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Bank loans and overdrafts |
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Other creditors |
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Control |
The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.