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REGISTERED NUMBER: OC386252 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 June 2023

for

Moto-Classic LLP

Moto-Classic LLP (Registered number: OC386252)






Contents of the Financial Statements
For The Year Ended 30 June 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moto-Classic LLP

General Information
For The Year Ended 30 June 2023







DESIGNATED MEMBERS: D J Wise
H J A Wise





REGISTERED OFFICE: Oak Farm Nursery
Station Hill
Winchfield
Hampshire
RG27 8BX





REGISTERED NUMBER: OC386252 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Moto-Classic LLP (Registered number: OC386252)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,038 8,004

CURRENT ASSETS
Stocks 246,223 247,850
Debtors 5 12,704 2,323
Cash at bank 31,689 31,609
290,616 281,782
CREDITORS
Amounts falling due within one year 6 10,663 14,056
NET CURRENT ASSETS 279,953 267,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,991

275,730

CREDITORS
Amounts falling due after more than one
year

7

36,900

36,900
NET ASSETS ATTRIBUTABLE TO
MEMBERS

246,091

238,830

LOANS AND OTHER DEBTS DUE TO
MEMBERS

246,091

238,830

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 246,091 238,830
Amounts due from members 5 (1,215 ) -
244,876 238,830

The LLP is entitled to exemption from audit under Section 477 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 30 June 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.

Moto-Classic LLP (Registered number: OC386252)

Balance Sheet - continued
30 June 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 January 2024 and were signed by:





D J Wise - Designated member

Moto-Classic LLP (Registered number: OC386252)

Notes to the Financial Statements
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

Moto-Classic 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
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2022 - 3 ) .

Moto-Classic LLP (Registered number: OC386252)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 11,474 8,144 805 20,423
DEPRECIATION
At 1 July 2022 5,734 6,005 680 12,419
Charge for year 2,867 2,036 63 4,966
At 30 June 2023 8,601 8,041 743 17,385
NET BOOK VALUE
At 30 June 2023 2,873 103 62 3,038
At 30 June 2022 5,740 2,139 125 8,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 4,827 1,493
Amounts due from members 1,215 -
Other debtors 517 830
VAT 135 -
Prepayments 6,010 -
12,704 2,323

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 4,999 8,919
Trade creditors 1,888 -
VAT - 2,511
Accruals and deferred income 3,776 2,626
10,663 14,056

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 36,900 36,900