Registered No. OC344341 (England and Wales)
53 King Street LLP
Unaudited accounts
for the year ended 31 March 2023
53 King Street LLP
LLP Information
for the year ended 31 March 2023
Designated members
M Leahy Property Ltd
Registered Number
OC344341 (England and Wales)
Registered Office
53 KING STREET
MANCHESTER
M2 4LQ
ENGLAND
Accountants
Davenports Group Ltd
Community House
Badger Street
Bury
BL9 6AD
53 King Street LLP
Statement of financial position
as at 31 March 2023
Tangible assets
17,940,565
17,937,754
Debtors
1,713,748
1,960,031
Cash at bank and in hand
299,185
495,158
Creditors: amounts falling due within one year
(352,432)
(260,006)
Net current assets
1,660,501
2,195,183
Total assets less current liabilities
19,601,066
20,132,937
Creditors: amounts falling due after more than one year
(7,800,000)
(8,000,000)
Net assets attributable to members
11,801,066
12,132,937
Members' capital classified as equity
957,862
1,259,880
Revaluation reserve
10,841,748
10,841,748
Other reserves
1,456
31,309
Members' other interests
11,801,066
12,132,937
For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 30 January 2024.
Pirannah Freight Limited
Designated member
Limited Liability Partnership Registration No. OC344341
53 King Street LLP
Notes to the Accounts
for the year ended 31 March 2023
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not Depreciated
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
53 King Street LLP is a limited liability partnership, incorporated in England and Wales, registration number OC344341. Its registered office is 53 KING STREET, MANCHESTER, M2 4LQ, ENGLAND.
3
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
17,905,166
40,492
3,202
17,948,860
Additions
-
10,146
-
10,146
At 31 March 2023
17,905,166
50,638
3,202
17,959,006
At 1 April 2022
-
10,606
500
11,106
Charge for the year
-
6,794
541
7,335
At 31 March 2023
-
17,400
1,041
18,441
At 31 March 2023
17,905,166
33,238
2,161
17,940,565
At 31 March 2022
17,905,166
29,886
2,702
17,937,754
4
Creditors: amounts falling due within one year
2023
2022
Trade creditors
28,816
9,455
Taxes and social security costs
25,991
-
53 King Street LLP
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
7,800,000
8,000,000
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).