REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
A SHADE GREENER (BOILERS) LLP |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
A SHADE GREENER (BOILERS) LLP |
A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
A SHADE GREENER (BOILERS) LLP |
GENERAL INFORMATION |
for the Year Ended 31 March 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Chartered Accountants & Statutory Auditors |
2 Westbrook Court |
Sharrow Vale Road |
Sheffield |
S11 8YZ |
A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912) |
BALANCE SHEET |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors: amounts falling due within one year | 6 |
Debtors: amounts falling due after more than one year |
6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 100 | 169,738 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
- |
169,638 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 100 | 100 |
100 | 169,738 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | - | 169,638 |
Members' other interests | 100 | 100 |
Amounts due from members | 6 | (34,214 | ) | - |
(34,114 | ) | 169,738 |
A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912) |
BALANCE SHEET - 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 |
A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
A Shade Greener (Boilers) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The members acknowledge that there is a net current liability position at the balance sheet date. The members of the LLP, and the ultimate controlling party, have the means and ability to support the LLP should this be required. This support to the LLP results in the continued adoption of the going concern basis in preparing the annual financial statements. |
The financial statements are prepared in sterling, which is the functional currency of the entity. |
Judgements and key sources of estimation uncertainty |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
In the opinion of management, there are no judgement or key sources of estimation uncertainty that have a significant impact on the financial statement. |
Revenue recognition |
Turnover is measured at the fair value of the consideration received or receivable and represents income from the rental and maintenance of boiler systems. Turnover is recognised, net of VAT, over the term of the rental and maintenance agreements. |
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can only be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Plant and machinery etc - 25% on reducing balance and 10% on cost |
Stocks |
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. |
A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2023 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities. |
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
Members' participation rights |
Members' participation rights are the rights of a member that arise under the members' agreement. |
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members. Member's capital is classified as liabilities unless the LLP has an unconditional right to refuse payments to members, in which case it is classified as equity. |
Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other amounts due to members' to the extent that they exceed debts due from a specific member. All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests. |
Amounts due to members in respect of profits rank pari passu with other unsecured creditors. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2023 |
4. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences |
£ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
AMORTISATION |
At 1 April 2022 |
Amortisation for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST OR VALUATION |
At 1 April 2022 |
Additions |
Disposals | ( |
) |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
The gross amount of assets held for use in operating leases amounted to £7,737,781 (2022 £8,197,681). |
A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2023 |
5. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31 March 2023 is represented by: |
Plant and |
machinery |
etc |
£ |
Valuation in 2017 | 670,781 |
Cost | 7,132,501 |
7,803,282 |
If plant & machinery had not been revalued it would have been included at the following historical cost: |
31.3.23 | 31.3.22 |
£ | £ |
Cost | 7,132,501 | 7,582,203 |
Aggregate depreciation | 7,132,501 | 7,227,974 |
Plant & machinery was valued on an open market basis on 31 March 2023 by S J Davies at £3,588,252 . |
6. | DEBTORS |
31.3.23 | 31.3.22 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Trade debtors |
Aggregate amounts |
Trade debtors includes an amount of £1,603,872 (2022 £2,394,853) which relates to the net investment in finance lease contracts. |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Other creditors |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.23 | 31.3.22 |
£ | £ |
Other loans | 5,282,057 | 7,008,798 |
Other loans are secured against the assets of the entity. |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with ordinary creditors in the event of a winding up. There are no restrictions in place in terms of the members' ability to reduce the amount of members' other interests. |
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditor, dated 23 November 2023, was unqualified. |
Andrew Throssell FCA (Senior Statutory Auditor) |
For and on behalf of Hebblethwaites |
12. | RELATED PARTY DISCLOSURES |
NWS3 LLP |
31.3.23 | 31.3.22 |
£ | £ |
Amount due from/(to) related party at balance sheet date | (3,122 | ) | - |
13. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |