Registered number
OC419750
Henry Glenville LLP
Filleted Accounts
30 November 2023
Henry Glenville LLP
Registered number: OC419750
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,076,580 1,076,580
Current assets
Debtors 4 2,510 2,510
Cash at bank and in hand 8,471 4,669
10,981 7,179
Creditors: amounts falling due within one year 5 (52,194) (51,531)
Net current liabilities (41,213) (44,352)
Total assets less current liabilities 1,035,367 1,032,228
Creditors: amounts falling due after more than one year 6 (686,168) (686,168)
Net assets attributable to members 349,199 346,060
Represented by:
Members' other interests
Members' capital classified as equity 317,032 329,543
Other reserves 32,167 16,517
349,199 346,060
349,199 346,060
Total members' interests
Members' other interests 349,199 346,060
349,199 346,060
For the year ended 30 November 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 28 August 2024 and signed on their behalf by:
Hilary Jean Rodham
Designated member
Henry Glenville LLP
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings No depreciation provided
Leasehold land and buildings No depreciation provided
Fixtures, fittings, tools and equipment 15% on written down value
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2022 1,076,580
At 30 November 2023 1,076,580
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 1,076,580
At 30 November 2022 1,076,580
4 Debtors 2023 2022
£ £
Other debtors 2,510 2,510
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 43,425 43,425
Other creditors 8,769 8,106
52,194 51,531
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 686,168 686,168
7 Other information
Henry Glenville LLP is a limited liability partnership incorporated in England. Its registered office is:
483 Green Lanes
London
N13 4BS
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