REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2024 |
FOR |
DICENTRA LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2024 |
FOR |
DICENTRA LLP |
DICENTRA LLP (REGISTERED NUMBER: OC399707) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 5 April 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
DICENTRA LLP |
GENERAL INFORMATION |
for the year ended 5 April 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Davy Court |
Castle Mound Way |
Rugby, CV23 0UZ |
Magma Audit LLP is part |
Of the Dains Group |
DICENTRA LLP (REGISTERED NUMBER: OC399707) |
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 |
1,072 |
3,188,301 |
OTHER RESERVES CLASSIFIED AS EQUITY |
7 |
1,072 |
1,776,029 |
MEMBERS' CAPITAL CLASSIFIED AS EQUITY |
Capital accounts | - | 1,412,272 |
1,072 | 3,188,301 |
TOTAL MEMBERS' INTERESTS |
Other reserves classified as equity | 7 | 1,072 | 1,776,029 |
Members' capital classified as equity | - | 1,412,272 |
1,072 | 3,188,301 |
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. |
DICENTRA LLP (REGISTERED NUMBER: OC399707) |
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 Profit and Loss Account has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
DICENTRA LLP (REGISTERED NUMBER: OC399707) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 5 April 2024 |
1. | STATUTORY INFORMATION |
Dicentra LLP is a limited liability partnership incorporated in England and Wales. The registered office is Unit 4, Mold Business Park, Wrexham Road, Mold, Wales, CH7 1XP and the registered number is OC399707. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentational currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value of added tax and other sales taxes under contractual obligations which are preformed gradually over time. |
Investment property |
Investment property, which is held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss. |
Financial instruments |
(i) Financial assets |
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Such assets are subsequently carried at amortised cost using the effective interest rate method. |
(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
DICENTRA LLP (REGISTERED NUMBER: OC399707) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 5 April 2024 |
2. | ACCOUNTING POLICIES - continued |
Members participating interest |
Members participation rights are the rights of a member against the LLP that arise under the member's agreement. |
Where a Member contributes capital to the LLP, that Member acquires a share in the LLP in accordance with the amount or value of that contribution. |
The Members shall share any profits of a capital nature as certified by the Accountants, in the proportions of their capital contribution. No Member is entitled to receive interest on the amount of his proportion of the capital contributions to the LLP unless the Designated Members approve such interest payments. |
The income and losses of the LLP shall be divided between the Members in the agreed proportions and credited to the Members' Current Accounts as soon as the annual accounts for the relevant accounting year of the LLP are approved by the Members. |
Each Member may draw on account of their share of profits such sum and on such dates as agreed. |
As soon as the share of the net profits has been credited to a Current Account and after provision has been made for sufficient money to be set aside to meet outstanding LLP liabilities, each Member may withdraw the balance of their share of the net profits, after allowing for all drawings made by that Member. |
If any Member withdraws funds in excess of their profit share for an accounting year, that Member shall repay the excess drawings to the LLP immediately. Each Member shall have a Capital Account, to which their respective capital contributions shall be credited. |
Each Member shall have a Current Account, to which shall be credited any income profit share to which each are entitled and any other sums of a current nature, and to which shall be debited any drawings. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 6 April 2023 |
Disposals | ( |
) |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
DICENTRA LLP (REGISTERED NUMBER: OC399707) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 5 April 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | OTHER RESERVES CLASSIFIED AS EQUITY |
In the event of a winding up the amounts included in "Members' capital classified as equity" will rank behind unsecured creditors. |