Unaudited Financial Statements |
for the Period 1 December 2023 to 5 April 2024 |
for |
The Stewart Family LLP |
Unaudited Financial Statements |
for the Period 1 December 2023 to 5 April 2024 |
for |
The Stewart Family LLP |
The Stewart Family LLP (Registered number: OC434409) |
Contents of the Financial Statements |
for the Period 1 December 2023 to 5 April 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
The Stewart Family LLP |
General Information |
for the Period 1 December 2023 to 5 April 2024 |
DESIGNATED MEMBERS: |
Mrs B A Stewart |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants |
146 High Street |
Billericay |
Essex |
CM12 9DF |
The Stewart Family LLP (Registered number: OC434409) |
Balance Sheet |
5 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
778,541 |
768,658 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
778,541 |
768,658 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 778,541 | 768,658 |
Amounts due from members | 5 | (23,246 | ) | (6,024 | ) |
755,295 | 762,634 |
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 Stewart Family LLP (Registered number: OC434409) |
Balance Sheet - continued |
5 April 2024 |
In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
The Stewart Family LLP (Registered number: OC434409) |
Notes to the Financial Statements |
for the Period 1 December 2023 to 5 April 2024 |
1. | STATUTORY INFORMATION |
The Stewart Family 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 represents the rental income receivable for the period. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST OR VALUATION |
At 1 December 2023 |
and 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 30 November 2023 |
Freehold property consists of the following interests remaining in The Stewart Family LLP, following disposals made to the Stewart Family Discretionary Trust on 31st October 2023: |
£ |
Unit 1A Shelford Place | 343,000 |
Unit 1D Shelford Place | 412,060 |
Total | 755,060 |
Cost or valuation at 5 April 2024 is represented by: |
Land and |
buildings |
£ |
Valuation in 2023 | (282,640 | ) |
Cost | 1,037,700 |
755,060 |
The Stewart Family LLP (Registered number: OC434409) |
Notes to the Financial Statements - continued |
for the Period 1 December 2023 to 5 April 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts due from members | 23,246 | 6,024 |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
Accrued expenses |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2024 | 2023 |
£ | £ |
Amounts owed to members in respect of profits | 23,481 | 13,598 |
Property capital accounts | 755,060 | 755,060 |
778,541 | 768,658 |
Falling due within one year | 778,541 | 768,658 |
Loans and other debts to members are not preferential to any other creditors. |