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REGISTERED NUMBER: OC412670 (England and Wales)















Financial Statements for the Year Ended 5 April 2023

for

Macrafield LLP

Macrafield LLP (Registered number: OC412670)






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

Macrafield LLP

General Information
for the Year Ended 5 April 2023







DESIGNATED MEMBERS: M Bonfield
C S Coffield





REGISTERED OFFICE: 115 Eastbourne Mews
London
London
W2 6LQ





REGISTERED NUMBER: OC412670 (England and Wales)

Macrafield LLP (Registered number: OC412670)

Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,366,544 1,366,544

CREDITORS
Amounts falling due within one year 5 151,838 151,838
NET CURRENT LIABILITIES (151,838 ) (151,838 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,214,706

1,214,706

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 1,214,706 1,214,706
1,214,706 1,214,706

TOTAL MEMBERS' INTERESTS
Members' other interests 1,214,706 1,214,706

The LLP is entitled to exemption from audit under Section 480 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5 April 2023.

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.

Macrafield LLP (Registered number: OC412670)

Balance Sheet - continued
5 April 2023


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

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 28 March 2024 and were signed by:





M Bonfield - Designated member

Macrafield LLP (Registered number: OC412670)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

Macrafield LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The members have prepared the financial statements on a going concern basis despite the net liability position. The LLP has the ability to meet its liabilities as they fall due.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Investments
Investments comprise capital contributions made to an LLP recorded at cost less provisions for impairment. The contributions are treated as equity in the financial statements of the LLP that this LLP has invested in.

Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed and profits).

Members' participation rights are the rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 102 section 22. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP. In the case of this LLP the members' agreement states that members do not have the right to demand repayment and therefore the contribution is classified as equity.

Amounts subscribed or otherwise contributed by members, for example member's capital, are classed as equity if the LLP has an unconditional right to refuse payment members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

In the event of a winding up the LLP's creditors are paid from any surplus assets prior to their distribution to the members.

Taxation
The LLP is not liable for tax as this is a liability of the partners.

Macrafield LLP (Registered number: OC412670)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 6 April 2022
and 5 April 2023 1,366,544
NET BOOK VALUE
At 5 April 2023 1,366,544
At 5 April 2022 1,366,544

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Other creditors 151,838 151,838