Registered number
OC415021
Stockley Marquees LLP
Unaudited Filleted Accounts
31 December 2023
Stockley Marquees LLP
Registered number: OC415021
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 186,582 221,052
Cash at bank and in hand 8,123 14,452
194,705 235,504
Creditors: amounts falling due within one year 4 (238,760) (16,000)
Net current (liabilities)/assets (44,055) 219,504
Total assets less current liabilities (44,055) 219,504
Creditors: amounts falling due after more than one year 5 (23,763) (31,263)
Net (liabilities)/assets attributable to members (67,818) 188,241
Represented by:
Loans and other debts due to members 6 (97,818) 158,241
Members' other interests
Members' capital classified as equity 30,000 30,000
(67,818) 188,241
Total members' interests
Loans and other debts due to members 6 (97,818) 158,241
Members' other interests 30,000 30,000
(67,818) 188,241
For the year ended 31 December 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 17 September 2024 and signed on their behalf by:
M Panchmatia
Designated member
Stockley Marquees LLP
Notes to the Accounts
for the year ended 31 December 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 0 0
3 Debtors 2023 2022
£ £
Trade debtors 45,082 196,668
Other debtors 141,500 24,384
186,582 221,052
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Other creditors 228,760 6,000
238,760 16,000
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,763 31,263
6 Loans and other debts due to members 2023 2022
£ £
Amounts due to members in respect of profits (97,818) 158,241
Amounts falling due within one year (97,818) 158,241
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
Stockley Marquees LLP is a limited liability partnership incorporated in England. Its registered office is:
The Clubhouse Stockley Park
Hayes
Uxbridge
UB11 1AQ
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