Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-03-01falseBunkhouse22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC343693 2022-03-01 2023-02-28 OC343693 2021-03-01 2022-02-28 OC343693 2023-02-28 OC343693 2022-02-28 OC343693 c:Buildings 2022-03-01 2023-02-28 OC343693 c:Buildings 2023-02-28 OC343693 c:Buildings 2022-02-28 OC343693 c:Buildings c:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 OC343693 c:LandBuildings 2023-02-28 OC343693 c:LandBuildings 2022-02-28 OC343693 c:FurnitureFittings 2022-03-01 2023-02-28 OC343693 c:FurnitureFittings 2023-02-28 OC343693 c:FurnitureFittings 2022-02-28 OC343693 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 OC343693 c:OfficeEquipment 2022-03-01 2023-02-28 OC343693 c:OfficeEquipment 2023-02-28 OC343693 c:OfficeEquipment 2022-02-28 OC343693 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 OC343693 c:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 OC343693 c:CurrentFinancialInstruments 2023-02-28 OC343693 c:CurrentFinancialInstruments 2022-02-28 OC343693 c:CurrentFinancialInstruments c:WithinOneYear 2023-02-28 OC343693 c:CurrentFinancialInstruments c:WithinOneYear 2022-02-28 OC343693 d:FRS102 2022-03-01 2023-02-28 OC343693 d:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 OC343693 d:FullAccounts 2022-03-01 2023-02-28 OC343693 d:LimitedLiabilityPartnershipLLP 2022-03-01 2023-02-28 OC343693 d:PartnerLLP1 2022-03-01 2023-02-28 OC343693 c:FurtherSpecificReserve2ComponentTotalEquity 2023-02-28 OC343693 c:FurtherSpecificReserve2ComponentTotalEquity 2022-02-28 OC343693 c:FurtherSpecificReserve3ComponentTotalEquity 2023-02-28 OC343693 c:FurtherSpecificReserve3ComponentTotalEquity 2022-02-28 iso4217:GBP xbrli:pure

Registered number: OC343693










PLAS NEWYDD BUNKHOUSE LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
PLAS NEWYDD BUNKHOUSE LLP
REGISTERED NUMBER: OC343693

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
8,546
8,882

  
8,546
8,882

Current assets
  

Cash at bank and in hand
 6 
85,376
37,878

  
85,376
37,878

Creditors: Amounts Falling Due Within One Year
 7 
(4,053)
(2,168)

Net current assets
  
 
 
81,323
 
 
35,710

Total assets less current liabilities
  
89,869
44,592

  

Net assets
  
89,869
44,592


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
42,222
29,970

  
42,222
29,970

Members' other interests
  

Other reserves classified as equity
  
47,647
14,622

  
 
47,647
 
14,622

  
89,869
44,592


Total members' interests
  

Loans and other debts due to members
 8 
42,222
29,970

Members' other interests
  
47,647
14,622

  
89,869
44,592

Page 1

 
PLAS NEWYDD BUNKHOUSE LLP
REGISTERED NUMBER: OC343693
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 15 November 2023.




Mrs F S Vaughan
Designated member

The notes on pages 3 to 7 form part of these financial statements.

Plas Newydd Bunkhouse LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.
Page 2

 
PLAS NEWYDD BUNKHOUSE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Plas Newydd Bunkhouse LLP, OC34693, is a limited iability partnerhsip, registered in England and Wales, with its registered office and principal place of business at plas Newydd, Gorn Road, Llanidloes, Powys, SY16 6LA,
The principal activity for this year is the provision of bunkhouse accomodation.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Going concern

The Members have reasonable expectations the Company has adequate reserves to continue to trade for the foreseeable future. Therefore, the Company continues to adopt the going concern basis in preparing the Accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
PLAS NEWYDD BUNKHOUSE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' in.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation
Fixtures and fittings
-
15%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of
Page 4

 
PLAS NEWYDD BUNKHOUSE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Tangible fixed assets





Freehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2022
6,682
6,531
776
13,989



At 28 February 2023

6,682
6,531
776
13,989



Depreciation


At 1 March 2022
-
4,401
706
5,107


Charge for the year on owned assets
-
319
17
336



At 28 February 2023

-
4,720
723
5,443



Net book value



At 28 February 2023
6,682
1,811
53
8,546



At 28 February 2022
6,682
2,130
70
8,882

Page 5

 
PLAS NEWYDD BUNKHOUSE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

           5.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
6,682
6,682

6,682
6,682



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
85,376
37,878

85,376
37,878



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Payments received on account
1,190
818

Trade creditors
1,410
-

Accruals and deferred income
1,453
1,350

4,053
2,168


Page 6

 
PLAS NEWYDD BUNKHOUSE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
42,222
29,970

42,222
29,970

Loans and other debts due to members may be further analysed as follows:

2023
2022
£
£



Falling due within one year
42,222
29,970

42,222
29,970

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 7