REGISTERED NUMBER: |
De Trafford Property LLP |
Unaudited Financial Statements |
for the Year Ended 31 March 2022 |
REGISTERED NUMBER: |
De Trafford Property LLP |
Unaudited Financial Statements |
for the Year Ended 31 March 2022 |
De Trafford Property LLP (Registered number: OC350936) |
Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
Page |
General information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
De Trafford Property LLP |
General Information |
for the Year Ended 31 March 2022 |
Designated members: | De Trafford Estates Limited |
Registered office: |
Registered number: |
De Trafford Property LLP (Registered number: OC350936) |
Balance Sheet |
31 March 2022 |
31.3.22 | 31.3.21 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
Net assets attributable to members | 27,327 | 50,627 |
Loans and other debts due to members |
9 |
27,327 |
50,627 |
Total members' interests |
Loans and other debts due to members | 9 | 27,327 | 50,627 |
Amounts due from members | 5 | (86,084 | ) | - |
(58,757 | ) | 50,627 |
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. |
De Trafford Property LLP (Registered number: OC350936) |
Balance Sheet - continued |
31 March 2022 |
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 |
De Trafford Property LLP (Registered number: OC350936) |
Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
1. | Statutory information |
De Trafford Property 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 |
Tangible fixed assets |
Fixtures and fittings | - |
Revenue recognition |
Turnover represents amounts receivable for properties and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes. |
Revenue is recognised when the LLP has obtained the right to receive consideration in exchange for its performance under contracts for sale. Revenue is recognised on sales of properties when the notice for legal completion is served on the purchaser at the point of completion of the LLP's obligation to the purchaser under the contract for sale. |
Judgements and key sources of estimation uncertainty |
The preparation of the financial statement requires management to make judgements, estimates and assumptions that may affect the application of the accounting policies and the reported amounts of the assets, liabilities, income and expenses. The partners do not consider any estimates or assumptions to be "key" warranting disclosure. |
3. | Employee information |
The average number of employees during the year was NIL (2021 - NIL). |
De Trafford Property LLP (Registered number: OC350936) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
4. | Tangible fixed assets |
Fixtures |
and |
fittings |
£ |
Cost |
At 1 April 2021 |
and 31 March 2022 |
Depreciation |
At 1 April 2021 |
Charge for year |
At 31 March 2022 |
Net book value |
At 31 March 2022 |
At 31 March 2021 |
5. | Debtors: amounts falling due within one year |
31.3.22 | 31.3.21 |
£ | £ |
Trade debtors |
Other debtors |
6. | Creditors: amounts falling due within one year |
31.3.22 | 31.3.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
7. | Creditors: amounts falling due after more than one year |
31.3.22 | 31.3.21 |
£ | £ |
Bank loans |
De Trafford Property LLP (Registered number: OC350936) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
8. | Secured debts |
The following secured debts are included within creditors: |
31.3.22 | 31.3.21 |
£ | £ |
Loan | - | 580,000 |
Included in other creditors is a loan of £Nil (2021: £580,000 ) which is secured by a charge on the assets of the LLP. |
9. | Loans and other debts due to members |
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of winding up. |