REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
ADAMS ROW CAPITAL LLP |
REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
ADAMS ROW CAPITAL LLP |
ADAMS ROW CAPITAL LLP (REGISTERED NUMBER: OC367675) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
ADAMS ROW CAPITAL LLP |
GENERAL INFORMATION |
for the Year Ended 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bank Gallery |
High Street |
Kenilworth |
Warwickshire |
CV8 1LY |
ADAMS ROW CAPITAL LLP (REGISTERED NUMBER: OC367675) |
REPORT OF THE MEMBERS |
for the Year Ended 31 March 2024 |
The members present their report with the financial statements of the LLP for the year ended 31 March 2024. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of acquisition and ownership of investment properties. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £37,418 (2023 - £21,349 profit). |
MEMBERS' INTERESTS |
Details of changes in members' capital in the period ended 31 March 2023 are set out in the Reconciliation of |
Members' Interests. |
ON BEHALF OF THE MEMBERS: |
ADAMS ROW CAPITAL LLP (REGISTERED NUMBER: OC367675) |
INCOME STATEMENT |
for the Year Ended 31 March 2024 |
Period |
1.9.22 |
Year Ended | to |
31.3.24 | 31.3.23 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
OPERATING PROFIT |
Interest receivable and similar income |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
37,418 |
21,349 |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
37,418 |
21,349 |
Members' remuneration charged as an expense |
4 |
(37,418 |
) |
(21,349 |
) |
PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
ADAMS ROW CAPITAL LLP (REGISTERED NUMBER: OC367675) |
BALANCE SHEET |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
617,098 |
616,066 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
609,400 |
608,368 |
MEMBERS' OTHER INTERESTS |
Other reserves classed as equity |
617,098 | 616,066 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 609,400 | 608,368 |
Members' other interests | 7,698 | 7,698 |
Amounts due from members | 6 | (27,919 | ) | (28,180 | ) |
589,179 | 587,886 |
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. |
ADAMS ROW CAPITAL LLP (REGISTERED NUMBER: OC367675) |
BALANCE SHEET - continued |
31 March 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
ADAMS ROW CAPITAL LLP (REGISTERED NUMBER: OC367675) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Adams Row Capital 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 (2023 - NIL). |
4. | INFORMATION IN RELATION TO MEMBERS |
Period |
1.9.22 |
Year Ended | to |
31.3.24 | 31.3.23 |
£ | £ |
Members' remuneration charged as an expense |
Automatic division of profit | 37,418 | 21,349 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts due from members | 27,919 | 28,180 |
ADAMS ROW CAPITAL LLP (REGISTERED NUMBER: OC367675) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2024 | 2023 |
£ | £ |
Loans from members | 138,700 | 138,700 |
Amounts owed to members in respect of profits | 470,700 | 469,668 |
609,400 | 608,368 |
Falling due within one year | 609,400 | 608,368 |
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a |
winding up. |