REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2023 |
for |
Rosemount Kirkaldy LLP |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2023 |
for |
Rosemount Kirkaldy LLP |
Rosemount Kirkaldy LLP (Registered number: OC349326) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Rosemount Kirkaldy LLP |
General Information |
for the Year Ended 31 March 2023 |
DESIGNATED MEMBERS: |
G R Pickett |
N M Sheridan |
Mrs M Verschoyle |
J B Rose |
J E Rose |
T Pickett |
S Pickett |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4 The Courtyard |
Holmsted Farm |
Staplefield Road |
Haywards Heath |
RH17 5JF |
Rosemount Kirkaldy LLP (Registered number: OC349326) |
Statement of Financial Position |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
6,076,290 |
6,076,290 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
- |
MEMBERS' OTHER INTERESTS |
Capital accounts | 1,744,000 | 1,744,000 |
Fair value reserve |
6,076,290 | 6,076,290 |
TOTAL MEMBERS' INTERESTS |
Members' other interests | 6,076,290 | 6,076,290 |
Amounts due from members | 5 | (75,803 | ) | (41,324 | ) |
6,000,487 | 6,034,966 |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
Rosemount Kirkaldy LLP (Registered number: OC349326) |
Statement of Financial Position - continued |
31 March 2023 |
In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
Rosemount Kirkaldy LLP (Registered number: OC349326) |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Rosemount Kirkaldy LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), Companies Act 2006 as applied by LLPs and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships, issued in July 2014. The financial statements have been prepared on the historical cost basis except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below. |
Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated. The financial statements are presented in sterling which is also the functional currency of the LLP. |
Turnover |
Turnover represents net rents receivable, excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Investment property |
Investment properties are included in the balance sheet at their open market value. Any material aggregate surplus or deficit arising from changes in market value is made through Statement of recognised gains and losses. |
3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
Rosemount Kirkaldy LLP (Registered number: OC349326) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
The partnership's investment property has been included at its revalued amount based on the value of transactions carried out in the period. |
Fair value at 31 March 2023 is represented by: |
£ |
Valuation in 2015 | 2,227,290 |
Valuation in 2019 | 2,105,000 |
Cost | 1,667,710 |
6,000,000 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
During the year the partnership paid to P D Rose and G R Pickett £6,500 (2022 £5,200) in respect of the management charges of the partnerships property. |
8. | ULTIMATE CONTROLLING PARTY |
The partnership is under the control of the members. |