REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st October 2023 |
for |
GAAP Investments LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st October 2023 |
for |
GAAP Investments LLP |
GAAP Investments LLP (Registered number: SO306532) |
Contents of the Financial Statements |
for the Year Ended 31st October 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GAAP Investments LLP |
General Information |
for the Year Ended 31st October 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Biz Hub Tees Valley |
Belasis Hall Technology Park |
Coxwold Way |
Billingham |
Co. Durham |
TS23 4EA |
GAAP Investments LLP (Registered number: SO306532) |
Balance Sheet |
31st October 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 639,295 | 832,226 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
639,295 |
832,226 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 639,295 | 832,226 |
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. |
GAAP Investments LLP (Registered number: SO306532) |
Balance Sheet - continued |
31st October 2023 |
The financial statements were approved by the members of the LLP and authorised for issue on |
GAAP Investments LLP (Registered number: SO306532) |
Notes to the Financial Statements |
for the Year Ended 31st October 2023 |
1. | STATUTORY INFORMATION |
GAAP Investments LLP is registered in Scotland. 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 |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
TANGIBLE FIXED ASSETS |
Plant and machinery etc | - |
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. |
HIRE PURCHASE AND LEASING COMMITMENTS |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
GAAP Investments LLP (Registered number: SO306532) |
Notes to the Financial Statements - continued |
for the Year Ended 31st October 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st November 2022 |
and 31st October 2023 |
DEPRECIATION |
At 1st November 2022 |
Charge for year |
At 31st October 2023 |
NET BOOK VALUE |
At 31st October 2023 |
At 31st October 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st November 2022 |
and 31st October 2023 |
NET BOOK VALUE |
At 31st October 2023 |
At 31st October 2022 |
Fair value at 31st October 2023 is represented by: |
£ |
Valuation in 2021 | 45,066 |
Valuation in 2022 | (30,291 | ) |
Cost | 2,544,624 |
2,559,399 |
The members see no benefit in revaluing the assets. |
GAAP Investments LLP (Registered number: SO306532) |
Notes to the Financial Statements - continued |
for the Year Ended 31st October 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
VAT | 14,895 | - |
Other creditors |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Mortgages | 1,753,840 | 1,640,115 |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Members rank ahead of other creditors in a liquidation. |