Registered number
OC415618
MONARCH COURT INVESTORS LLP
Filleted Accounts
5 April 2024
MONARCH COURT INVESTORS LLP
Registered number: OC415618
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 30,018 30,018
Current assets
Debtors 4 815 117
Cash at bank and in hand 671 1,190
1,486 1,307
Creditors: amounts falling due within one year 5 (600) (897)
Net current assets 886 410
Total assets less current liabilities 30,904 30,428
Net assets attributable to members 30,904 30,428
Represented by:
Members' other interests
Members' capital classified as equity 33,514 31,994
Other reserves (2,610) (1,566)
30,904 30,428
30,904 30,428
Total members' interests
Members' other interests 30,904 30,428
30,904 30,428
For the year ended 5 April 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 R Marks
Designated member
MONARCH COURT INVESTORS LLP
Notes to the Accounts
for the year ended 5 April 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings No depreciation provided
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 Tangible fixed assets
Land and buildings
£
Cost
At 6 April 2023 30,018
At 5 April 2024 30,018
Depreciation
At 5 April 2024 -
Net book value
At 5 April 2024 30,018
At 5 April 2023 30,018
4 Debtors 2024 2023
£ £
Other debtors 815 117
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 600 897
6 Other information
MONARCH COURT INVESTORS LLP is a limited liability partnership incorporated in England. Its registered office is:
40 Monarch Court
Lyttelton Road
London
N2 0RA
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