Archibald Marckay Rental LLP OC418484 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is property rental portfolio Digita Accounts Production Advanced 6.30.9574.0 OC418484 2022-09-01 2023-08-31 OC418484 2023-08-31 OC418484 core:OtherReservesSubtotal 2023-08-31 OC418484 core:CurrentFinancialInstruments 2023-08-31 OC418484 core:Non-currentFinancialInstruments 2023-08-31 OC418484 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 OC418484 core:WithinOneYear 2023-08-31 OC418484 bus:SmallEntities 2022-09-01 2023-08-31 OC418484 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 OC418484 bus:FullAccounts 2022-09-01 2023-08-31 OC418484 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 OC418484 bus:RegisteredOffice 2022-09-01 2023-08-31 OC418484 bus:PartnerLLP1 2022-09-01 2023-08-31 OC418484 bus:PartnerLLP2 2022-09-01 2023-08-31 OC418484 bus:LimitedLiabilityPartnershipLLP 2022-09-01 2023-08-31 OC418484 bus:Agent1 2022-09-01 2023-08-31 OC418484 countries:AllCountries 2022-09-01 2023-08-31 OC418484 2022-08-31 OC418484 2021-09-01 2022-08-31 OC418484 2022-08-31 OC418484 core:OtherReservesSubtotal 2022-08-31 OC418484 core:CurrentFinancialInstruments 2022-08-31 OC418484 core:Non-currentFinancialInstruments 2022-08-31 OC418484 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 OC418484 core:WithinOneYear 2022-08-31 iso4217:GBP xbrli:pure

Registration number: OC418484

Archibald Marckay Rental LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Archibald Marckay Rental LLP

Contents

Limited liability partnership information

1

Members' Report

2

Accountants' Report

3

Financial Statements

4 to 8

Balance Sheet

4

Statement of Changes in Members’ Interests

6

Notes to the Financial Statements

7

 

Archibald Marckay Rental LLP

Limited liability partnership information

Designated members

Mrs CK Claydon

NM Claydon
 

Registered office

Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

Archibald Marckay Rental LLP

Members' Report for the Year Ended 31 August 2023

The members present their report and the unaudited financial statements for the year ended 31 August 2023.

Designated members

The members who held office during the year were as follows:

Mrs CK Claydon

NM Claydon

Members' drawings and the subscription and repayment of members' capital

Drawings are treated as payments on account of profit allocation and are only repayable to the LLP in so far as
there are insufficient profits to allocate against such drawings. The amount of such drawings is set at the
beginning of each financial year, taking into account the anticipated cash needs of the LLP.
The capital requirements of the partnership are detirmined by the members and are reviewed regularly. Each
member is required to subscribe to a proportion of this capital. The amount of capital subscripbed by each
member is usually linked to the earnings allocated to that member. No interest is paid on the capital.
On retirement, capital is repaid to the members.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to limited liability partnerships.

Approved by the Board on 19 August 2024 and signed on its behalf by:

.........................................
Mrs CK Claydon
Designated member

.........................................
NM Claydon
Designated member

 
 

Chartered Accountants' Report to the Members on the Preparation of the Unaudited Statutory Accounts of
Archibald Marckay Rental LLP
for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of Archibald Marckay Rental LLP for the year ended 31 August 2023 set out on pages 4 to 8 from the limited liability partnership's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the members of Archibald Marckay Rental LLP, as a body, in accordance with the terms of our engagement letter dated 7 August 2017. Our work has been undertaken solely to prepare for your approval the accounts of Archibald Marckay Rental LLP and state those matters that we have agreed to state to the members of Archibald Marckay Rental LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Archibald Marckay Rental LLP and its members as a body for our work or for this report.

It is your duty to ensure that Archibald Marckay Rental LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Archibald Marckay Rental LLP. You consider that Archibald Marckay Rental LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Archibald Marckay Rental LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

19 August 2024

 

Archibald Marckay Rental LLP

(Registration number: OC418484)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

3

4,125,670

4,125,670

Current assets

 

Debtors

4

601

290

Cash and short-term deposits

 

559

724

 

1,160

1,014

Creditors: Amounts falling due within one year

5

(305,260)

(306,820)

Net current liabilities

 

(304,100)

(305,806)

Total assets less current liabilities

 

3,821,570

3,819,864

Creditors: Amounts falling due after more than one year

6

(2,960,637)

(2,960,637)

Net assets attributable to members

 

860,933

859,227

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

(618,335)

(611,196)

Members’ other interests

 

Members' capital classified as equity

 

84,721

84,721

Other reserves

 

1,394,547

1,385,702

 

1,479,268

1,470,423

   

860,933

859,227

Total members' interests

 

Loans and other debts due to members

 

(618,335)

(611,196)

Equity

 

1,479,268

1,470,423

   

860,933

859,227

 

Archibald Marckay Rental LLP

(Registration number: OC418484)
Balance Sheet as at 31 August 2023

For the year ending 31 August 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Archibald Marckay Rental LLP (registered number OC418484) were approved by the Board and authorised for issue on 19 August 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Mrs CK Claydon
Designated member

.........................................
NM Claydon
Designated member

 
 

Archibald Marckay Rental LLP

Statement of Changes in Members’ Interests
At 31 August 2023

 

Equity

 

Loans and other debts due to/(from) members

   

Members' capital
£

Other reserves
£

Total equity
£

Members' capital classified as a liability
£

Total debt
£

Total
2023
£

Members' interest at 1 September 2022

84,721

1,385,703

1,470,424

(321,515)

(321,515)

1,148,909

Profit for the financial year available for discretionary division among members

-

8,844

8,844

-

-

8,844

At 31 August 2023

84,721

1,394,547

1,479,268

(321,515)

(321,515)

1,157,753

 

Archibald Marckay Rental LLP

Notes to the Financial Statements for the Year Ended 31 August 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Archibald Marckay Rental LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Investment properties

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Archibald Marckay Rental LLP

Notes to the Financial Statements for the Year Ended 31 August 2023

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 2 (2022 - 2).

3

Investment property

2023
£

At 1 September

4,125,670

4

Debtors

2023
£

2022
£

Trade debtors

601

290

Total current trade and other debtors

601

290

5

Creditors: Amounts falling due within one year

2023
£

2022
£

Trade creditors

-

1,560

Other creditors

303,700

303,700

Accruals and deferred income

1,560

1,560

305,260

306,820

6

Creditors: Amounts falling due after more than one year

2023
£

2022
£

Bank loans and overdrafts

2,960,637

2,960,637

7

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.