Registered number
OC436012
Linney Court LLP
Filleted Accounts
31 March 2024
Linney Court LLP
Registered number: OC436012
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 500,000 500,000
Current assets
Cash at bank and in hand 727 500
Creditors: amounts falling due within one year 4 (1,808) (1,218)
Net current liabilities (1,081) (718)
Total assets less current liabilities 498,919 499,282
Net assets attributable to members 498,919 499,282
Represented by:
Loans and other debts due to members 5 (1,081) (718)
Members' other interests
Members' capital classified as equity 500,000 500,000
498,919 499,282
Total members' interests
Loans and other debts due to members 5 (1,081) (718)
Members' other interests 500,000 500,000
498,919 499,282
For the year ended 31 March 2024 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 September 2024 and signed on their behalf by:
……………………………………………………..
Mr M West
Designated member
Linney Court LLP
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Fixed asset investments
Other
investments
£
Cost
At 1 April 2023 500,000
At 31 March 2024 500,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,808 1,218
5 Loans and other debts due to members 2024 2023
£ £
Loans from members 9,231 8,976
Amounts due to members in respect of profits (10,312) (9,694)
(1,081) (718)
Amounts falling due within one year (1,081) (718)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
Linney Court LLP is a limited liability partnership incorporated in England. Its registered office is:
8 New Road
Linslade
Leighton Buzzard
Bedfordshire
LU7 2LX
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