Registered number
OC307341
Fenside Accounting LLP
Filleted Accounts
31 March 2023
Fenside Accounting LLP
Registered number: OC307341
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 - -
Investments 6 - -
- -
Current assets
Stocks - -
Debtors 7 - -
Investments held as current assets 8 - -
Cash at bank and in hand - -
- -
Creditors: amounts falling due within one year 9 - -
Net current assets - -
Total assets less current liabilities - -
Creditors: amounts falling due after more than one year 10 - -
Provisions for liabilities - -
Net assets attributable to members - -
Represented by:
Loans and other debts due to members 12 (17,366) (15,007)
Members' other interests
Members' capital classified as equity - -
Revaluation reserve - -
Other reserves 17,366 15,007
17,366 15,007
- -
Loans and other debts due to members 12 (17,366) (15,007)
Members' other interests 17,366 15,007
- -
For the year ended 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 22 November 2023 and signed on their behalf by:
W.E. Morley
Designated member
Fenside Accounting LLP
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
3 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 2 2
5 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 - 1,330 - 1,330
Additions - - - -
At 31 March 2023 - 1,330 - 1,330
Depreciation
At 1 April 2022 - 1,330 - 1,330
Charge for the year - - - -
At 31 March 2023 - 1,330 - 1,330
Net book value
At 31 March 2023 - - - -
At 31 March 2022 - - - -
12 Loans and other debts due to members 2023 2022
£ £
Amounts due to members in respect of profits 1,816 -
1,816 -
Amounts falling due within one year 1,816 -
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