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Financial Statements |
Contents |
Page |
Members' report |
1 |
Statement of comprehensive income |
2 |
Statement of financial position |
3 |
Reconciliation of members' interests |
5 |
Notes to the financial statements |
7 |
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Members' Report |
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Registered office: |
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Statement of Comprehensive Income |
2023 |
2022 |
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Note |
£ |
£ |
Turnover |
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Fair value adjustment investment property |
– |
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Other operating expenses |
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--------- |
--------- |
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Operating profit/(loss) |
4 |
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(
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Other interest receivable and similar income |
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Interest payable and similar expenses |
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--------- |
--------- |
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Profit/(loss) for the financial year before members' remuneration and profit shares available for discretionary division among members |
178,469 |
(320,579) |
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--------- |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
5 |
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Debtors |
6 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
7 |
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------------ |
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Net current assets/(liabilities) |
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(
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------------ |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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– |
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Net assets |
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Other amounts |
9 |
881,326 |
752,857 |
Members' capital classified as equity |
2,671,794 |
2,671,794 |
Other reserves |
(1,029,080) |
(1,029,080) |
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2,524,040 |
2,395,571 |
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Loans and other debts due to members |
9 |
881,326 |
752,857 |
Members' other interests |
1,642,714 |
1,642,714 |
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2,524,040 |
2,395,571 |
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Statement of Financial Position (continued) |
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Reconciliation of Members' Interests |
Members' other interests |
Loans and other debts due to members less any amounts due from members in debtors |
Total members' interests |
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Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2023 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1 January 2023 |
2,671,794 |
(1,029,080) |
1,642,714 |
752,857 |
752,857 |
2,395,571 |
Profit for the financial year available for discretionary division among members |
178,469 |
178,469 |
178,469 |
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Members' interests after profit for the year |
2,671,794 |
(850,611) |
1,821,183 |
752,857 |
752,857 |
2,574,040 |
Other division of profits |
(178,469) |
(178,469) |
178,469 |
178,469 |
– |
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Drawings |
(50,000) |
(50,000) |
(50,000) |
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Balance at 31 December 2023 |
2,671,794 |
(1,029,080) |
1,642,714 |
881,326 |
881,326 |
2,524,040 |
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Reconciliation of Members' Interests (continued) |
Members' other interests |
Loans and other debts due to members less any amounts due from members in debtors |
Total members' interests |
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Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2022 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1 January 2022 |
2,671,794 |
(409,080) |
2,262,714 |
738,436 |
738,436 |
3,001,150 |
Loss for the financial year available for discretionary division among members |
(320,579) |
(320,579) |
(320,579) |
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Members' interests after loss for the year |
2,671,794 |
(729,659) |
1,942,135 |
738,436 |
738,436 |
2,680,571 |
Other division of profits |
(299,421) |
(299,421) |
299,421 |
299,421 |
– |
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Drawings |
(285,000) |
(285,000) |
(285,000) |
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Balance at 31 December 2022 |
2,671,794 |
(1,029,080) |
1,642,714 |
752,857 |
752,857 |
2,395,571 |
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Notes to the Financial Statements |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
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Notes to the Financial Statements (continued) |
4. |
Operating profit/(loss) |
2023 |
2022 |
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£ |
£ |
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Fair value adjustments to investment property |
– |
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--------- |
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5. |
Tangible assets |
Freehold property |
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£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
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Depreciation |
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At 1 January 2023 and 31 December 2023 |
– |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Freehold property |
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£ |
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At 31 December 2023 |
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Aggregate cost |
6,409,080 |
Aggregate depreciation |
– |
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Carrying value |
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------------ |
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At 31 December 2022 |
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Aggregate cost |
6,409,080 |
Aggregate depreciation |
– |
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Carrying value |
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6. |
Debtors |
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the LLP has a participating interest |
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Social security and other taxes |
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Other creditors |
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--------- |
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2023 |
2022 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the LLP has a participating interest |
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– |
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9. |
Loans and other debts due to members |
2023 |
2022 |
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£ |
£ |
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Amounts owed to members in respect of profits |
881,326 |
752,857 |
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10. |
Charges on assets |
11. |
Controlling party |