Statutory Information
EZMaintenance LLP T/A Property Maintenance People is a limited liability partnership, registered in England and Wales, registration number OC332384, registration address Kirkpatrick And Hopes Merlin House, Brunel Road, Theale, Reading, Berkshire, RG7 4AB.
1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern justification
The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern basis.
Turnover
Turnover represents net marketing fees, excluding value added tax. Turnover is recognised when the partnership obtains the right to consideration
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Computer Equipment - 25% on cost At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss. If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs and are measured subsequently at amortised costs using the effective interest method, less any impairment.
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 measured subsequently at amortised costs using the effective interest method.
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2. |
Average number of employees
Average number of employees during the year was 2 (2022 : 2).
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3. |
Tangible fixed assets
Cost or valuation |
Computer Equipment |
|
Total |
|
£ |
|
£ |
At 01 January 2023 |
2,858 |
|
2,858 |
Additions |
998 |
|
998 |
Disposals |
- |
|
- |
At 31 December 2023 |
3,856 |
|
3,856 |
Depreciation |
At 01 January 2023 |
2,645 |
|
2,645 |
Charge for year |
389 |
|
389 |
On disposals |
- |
|
- |
At 31 December 2023 |
3,034 |
|
3,034 |
Net book values |
Closing balance as at 31 December 2023 |
822 |
|
822 |
Opening balance as at 01 January 2023 |
213 |
|
213 |
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4. |
Members' capital accounts
. |
|
C J Wells £ |
|
J N May £ |
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Totals £ |
At 1 January 2023 |
|
14,303 |
|
111,719 |
|
126,021 |
Share of profit |
|
40,731 |
|
40,732 |
|
81,463 |
Drawings |
|
(30,690) |
|
(111,720) |
|
(142,410) |
Capital intoduced |
|
- |
|
16,387 |
|
16,387 |
At 31 December 2023 |
|
24,344 |
|
57,118 |
|
81,461 |
In the event of a winding up, loans and other debts due to members would rank "pari passu" with other unsecured creditors.
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5. |
Debtors: amounts falling due within one year
. |
|
2023 £ |
|
2022 £ |
Trade Debtors |
|
12,553 |
|
42,832 |
Prepayments & Accrued Income |
|
1,434 |
|
1,858 |
|
|
13,987 |
|
44,690 |
|
6. |
Creditors: amounts falling due within one year
. |
|
2023 £ |
|
2022 £ |
Trade Creditors |
|
20,094 |
|
37,150 |
Amounts owed to Participating Interests |
|
48,884 |
|
484,866 |
Accrued Expenses |
|
13,245 |
|
5,070 |
VAT |
|
16,049 |
|
13,091 |
|
|
98,272 |
|
540,177 |
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2
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