REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 5 April 2023 |
for |
Oak Narwana LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 5 April 2023 |
for |
Oak Narwana LLP |
Oak Narwana LLP (Registered number: OC412542) |
Contents of the Financial Statements |
for the year ended 5 April 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Oak Narwana LLP |
General Information |
for the year ended 5 April 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
& Chartered Tax Advisers |
The Bloc |
Springfield Way |
Anlaby |
Kingston upon Hull |
East Yorkshire |
HU10 6RJ |
Oak Narwana LLP (Registered number: OC412542) |
Balance Sheet |
5 April 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
16,441,807 |
10,220,601 |
Oak Narwana LLP (Registered number: OC412542) |
Balance Sheet - continued |
5 April 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
- |
MEMBERS' OTHER INTERESTS |
Capital accounts | 16,441,807 | 10,220,601 |
16,441,807 | 10,220,601 |
TOTAL MEMBERS' INTERESTS |
Members' other interests | 16,441,807 | 10,220,601 |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
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 |
Oak Narwana LLP (Registered number: OC412542) |
Notes to the Financial Statements |
for the year ended 5 April 2023 |
1. | STATUTORY INFORMATION |
Oak Narwana 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 |
Significant judgements and estimates |
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Financial instruments |
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 a market rate of interest. |
Such assets are subsequently carried at amortised cost, using the effective interest rate method. |
Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Investments |
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
Oak Narwana LLP (Registered number: OC412542) |
Notes to the Financial Statements - continued |
for the year ended 5 April 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 6 April 2022 |
and 5 April 2023 |
DEPRECIATION |
At 6 April 2022 |
and 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 5 April 2022 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 6 April 2022 |
Additions |
Disposals | ( |
) |
Revaluations |
At 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 5 April 2022 |
Cost or valuation at 5 April 2023 is represented by: |
Other |
investments |
£ |
Oak Narwana LLP (Registered number: OC412542) |
Notes to the Financial Statements - continued |
for the year ended 5 April 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 6 April 2022 |
Additions |
Disposals | ( |
) |
Revaluations | 2,510,000 |
At 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 5 April 2022 |
Fair value at 5 April 2023 is represented by: |
£ |
Valuation in 2019 | 1,995,427 |
Valuation in 2020 | (537,555 | ) |
Valuation in 2021 | (1,853,560 | ) |
Valuation in 2022 | 1,505,187 |
Valuation in 2023 | 2,510,000 |
Cost | 14,953,024 |
18,572,523 |
7. | DEBTORS |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Other creditors |
Oak Narwana LLP (Registered number: OC412542) |
Notes to the Financial Statements - continued |
for the year ended 5 April 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |