REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
for |
The Low Hall Partnership LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
for |
The Low Hall Partnership LLP |
The Low Hall Partnership LLP (Registered number: OC364461) |
Contents of the Financial Statements |
for the Year Ended 31 October 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
The Low Hall Partnership LLP |
General Information |
for the Year Ended 31 October 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
3 Park Square |
Leeds |
LS1 2NE |
The Low Hall Partnership LLP (Registered number: OC364461) |
Report of the Members |
for the Year Ended 31 October 2023 |
The members present their report with the financial statements of the LLP for the year ended 31 October 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of management services. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The loss for the year before members' remuneration and profit shares was £132,877 (2022 - £37,123 profit). |
MEMBERS' INTERESTS |
MEMBERS' CHANGES SINCE THE YEAR END |
A Dentico has ceased as a member following the 31 October 2023 as she is now deceased. |
ON BEHALF OF THE MEMBERS: |
The Low Hall Partnership LLP (Registered number: OC364461) |
Income Statement |
for the Year Ended 31 October 2023 |
2023 | 2022 |
£ | £ |
TURNOVER |
Cost of sales |
GROSS (LOSS)/PROFIT | ( |
) |
Administrative expenses |
OPERATING (LOSS)/PROFIT and |
(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
The Low Hall Partnership LLP (Registered number: OC364461) |
Balance Sheet |
31 October 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
54,805 |
205,776 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
4,805 |
155,776 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 50,000 | 50,000 |
54,805 | 205,776 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 4,805 | 155,776 |
Members' other interests | 50,000 | 50,000 |
Amounts due from members | 4 | (3,906 | ) | - |
50,899 | 205,776 |
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 Low Hall Partnership LLP (Registered number: OC364461) |
Balance Sheet - continued |
31 October 2023 |
The financial statements were approved by the members of the LLP and authorised for issue on |
The Low Hall Partnership LLP (Registered number: OC364461) |
Notes to the Financial Statements |
for the Year Ended 31 October 2023 |
1. | STATUTORY INFORMATION |
The Low Hall Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
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. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts due from members | 3,906 | - |
Amounts owed by related undertakings |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
VAT | 7,702 | 7,570 |
Accruals and deferred income |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up. |
The Low Hall Partnership LLP (Registered number: OC364461) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
7. | RELATED PARTY DISCLOSURES |
During the year the partnership provided management services to Ratefield Limited which amounted to £Nil (2022: £40,000). |
During the year Ratefield Limited charged the company £130,000 (2022: £Nil) in relation to administration expenses. |
At 31 October 2023 the partnership was owed a balance of £Nil (2022: £209,000) to Ratefield Limited, a company in which M A Joyce is a director. |
At 31 October 2023 the partnership was owed a balance of £53,500 (2022: £Nil) from Precis (1638) Limited, a company in which M A Joyce is a director. |