REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Robert L Thomas LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Robert L Thomas LLP |
Robert L Thomas LLP (Registered number: OC429839) |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
Robert L Thomas LLP |
General Information |
for the Year Ended 30 June 2023 |
DESIGNATED MEMBERS: |
DRAGONFLY BREWERY LTD |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Robert L Thomas LLP (Registered number: OC429839) |
Report of the Members |
for the Year Ended 30 June 2023 |
The members present their report with the financial statements of the LLP for the year ended 30 June 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of renting out freehold property, owned by the LLP, for use as a public house and related activities. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
DRAGONFLY BREWERY LTD |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £18,500 (2022 - £20,000 profit). |
MEMBERS' INTERESTS |
ON BEHALF OF THE MEMBERS: |
Robert L Thomas LLP (Registered number: OC429839) |
Income Statement |
for the Year Ended 30 June 2023 |
30.6.23 | 30.6.22 |
£ | £ |
TURNOVER |
Administrative expenses |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
Robert L Thomas LLP (Registered number: OC429839) |
Balance Sheet |
30 June 2023 |
30.6.23 | 30.6.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
3,243,300 |
3,247,000 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
359,358 |
363,058 |
MEMBERS' OTHER INTERESTS |
Revaluation reserve |
3,243,300 | 3,247,000 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 359,358 | 363,058 |
Members' other interests | 2,883,942 | 2,883,942 |
3,243,300 | 3,247,000 |
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. |
The financial statements were approved by the members of the LLP and authorised for issue on |
Robert L Thomas LLP (Registered number: OC429839) |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | STATUTORY INFORMATION |
Robert L Thomas 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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2022 |
and 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
Included in fair value of investment property is freehold land of £ 555,422 (2022 - £ 555,422 ) which is not depreciated. |
Fair value at 30 June 2023 is represented by: |
£ |
Valuation in 2021 | 3,250,000 |
If investment properties had not been revalued they would have been included at the following historical cost: |
30.6.23 | 30.6.22 |
£ | £ |
Cost | 366,058 | 366,058 |
Investment properties were valued on an open market basis on 30 June 2021 by Mr R L Thomas . |
Robert L Thomas LLP (Registered number: OC429839) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 30.6.22 |
£ | £ |
Taxation and social security |
Other creditors |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
30.6.23 | 30.6.22 |
£ | £ |
Amounts owed to members in respect of profits | 359,358 | 363,058 |
Falling due within one year | 359,358 | 363,058 |
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. |
There is no provision for specific legally enforceable protection afforded to creditors in such an event. |
There are no restrictions or limitations on the ability of members to reduce the amounts of Members' Other Interests. |