Registered number
OC441827
Octopus Dog Walking LLP
Filleted Accounts
30 April 2023
Octopus Dog Walking LLP
Registered number: OC441827
Balance Sheet
as at 30 April 2023
Notes 2023
£
Fixed assets
Tangible assets 3 10,200
Investments 4 50
10,250
Current assets
Debtors 5 3,055
Cash at bank and in hand 2,784
5,839
Creditors: amounts falling due within one year 6 (299)
Net current assets 5,540
Total assets less current liabilities 15,790
Net assets attributable to members 15,790
Represented by:
Loans and other debts due to members 7 (11,231)
Members' other interests
Other reserves 27,021
15,790
Total members' interests
Loans and other debts due to members 7 (11,231)
Members' other interests 27,021
15,790
For the period ended 30 April 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 30 January 2024 and signed on their behalf by:
Martin Syvret
Designated member
Octopus Dog Walking LLP
Notes to the Accounts
for the period from 6 April 2022 to 30 April 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2023
Number
Average number of persons employed by the LLP 0
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 13,600
At 30 April 2023 13,600
Depreciation
Charge for the period 3,400
At 30 April 2023 3,400
Net book value
At 30 April 2023 10,200
4 Fixed asset investments
Other
investments
£
Cost
Additions 50
At 30 April 2023 50
5 Debtors 2023
£
Trade debtors 3,055
6 Creditors: amounts falling due within one year 2023
£
Other creditors 299
7 Loans and other debts due to members 2023
£
Amounts due to members in respect of profits (11,231)
Amounts falling due within one year (11,231)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
Octopus Dog Walking LLP is a limited liability partnership incorporated in England. Its registered office is:
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