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Registered Number: OC351473
England and Wales

 

 

 

PROSPECT SURVEYORS AND VALUERS LLP


Abridged Accounts
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
 
 
Notes
 
2024
£
  2023
£
Current assets      
Cash at bank and in hand 7    438 
Creditors: amount falling due within one year   (6,000)
Net current assets 7    (5,562)
 
Total assets less current liabilities 7    (5,562)
Net assets 7    (5,562)
 

Represented by:
Amounts due from members   (2,108)
Members' other interest
Other reserves   (3,454)
  (3,454)

  (5,562)
 

Total members' interests
Amounts due from members   (2,108)
Members' other interests   (3,454)
  (5,562)
 


For the year ending 30 June 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................

Designated Member
Date approved by the members: 30 July 2024
1
General Information
Prospect Surveyors and Valuers LLP is a limited liability partnership, registered in England and Wales, registration number OC351473, registration address 24 King Street, Reading, Berkshire, RG1 2HE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)


Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
Going concern basis
The partnership ceased to trade during the year.  The accounts are prepared on a going concern basis, the partners believe the use of the going concern basis of accounting is appropriate because the assets and liabilities will be realised at book value.
Turnover
Turnover comprises net invoiced sales of services excluding Value Added Tax. Turnover is recognised when the partnership obtains the right to consideration.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Members' capital accounts

C J Wells   2024
£
  2023
£
Balance b/f (5,562) (2,108)
Written Off 5,562 
Share of Profit (3,454)
Balance c/f (5,562)

In the event of a winding up, loans and other debts due to members would rank "pari passu" with other unsecured creditors.
4.

Creditors: amounts falling due within one year

.   2024
£
  2023
£
Trade Creditors 4,800 
Other Creditors 1,200 
6,000 

2