REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 October 2023 |
for |
Cube Lewisham LLP |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 October 2023 |
for |
Cube Lewisham LLP |
Cube Lewisham LLP (Registered number: OC316403) |
Contents of the Financial Statements |
for the Year Ended 31 October 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Cube Lewisham LLP |
General Information |
for the Year Ended 31 October 2023 |
DESIGNATED MEMBERS: |
Mr D Magar |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Retreat |
406 Roding Lane South |
Woodford Green |
Essex |
IG8 8EY |
Cube Lewisham LLP (Registered number: OC316403) |
Balance Sheet |
31 October 2023 |
31.10.23 | 31.10.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 350,103 | 296,094 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
215,879 |
161,870 |
MEMBERS' OTHER INTERESTS |
Revaluation reserve | 8 |
350,103 | 296,094 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 215,879 | 161,870 |
Members' other interests | 134,224 | 134,224 |
350,103 | 296,094 |
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. |
Cube Lewisham LLP (Registered number: OC316403) |
Balance Sheet - continued |
31 October 2023 |
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 |
Cube Lewisham LLP (Registered number: OC316403) |
Notes to the Financial Statements |
for the Year Ended 31 October 2023 |
1. | STATUTORY INFORMATION |
Cube Lewisham 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 |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Members agreed that there is no revaluation required for this property. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2022 |
and 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
Fair value at 31 October 2023 is represented by: |
£ |
Valuation in 2023 | 350,000 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Other debtors |
Cube Lewisham LLP (Registered number: OC316403) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Trade creditors |
Amounts owed to associates | 62,950 | 108,070 |
Taxation and social security |
Other creditors |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.10.23 | 31.10.22 |
£ | £ |
Amounts owed to members in respect of profits | 215,879 | 161,870 |
Falling due within one year | 215,879 | 161,870 |
Loans and other debts due to members have no preferential rank in relation to other creditors. |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 November 2022 |
and 31 October 2023 |
9. | RELATED PARTY DISCLOSURES |
Mr Magar, Mr Brody and Mr Goldstone are considered to be the key management personnel. |