REGISTERED NUMBER: |
Unaudited Financial Statements |
for the period |
1st December 2022 to 31st March 2024 |
for |
Montgomery Estates LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the period |
1st December 2022 to 31st March 2024 |
for |
Montgomery Estates LLP |
Montgomery Estates LLP (Registered number: OC356028) |
Contents of the Financial Statements |
for the period 1st December 2022 to 31st March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Montgomery Estates LLP |
General Information |
for the period 1st December 2022 to 31st March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Black Bull House |
353-355 Station Road |
Bamber Bridge |
Preston |
Lancashire |
PR5 6EE |
Montgomery Estates LLP (Registered number: OC356028) |
Balance Sheet |
31st March 2024 |
2024 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
387,519 |
387,265 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
387,519 |
387,265 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 387,519 | 387,265 |
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. |
Montgomery Estates LLP (Registered number: OC356028) |
Balance Sheet - continued |
31st March 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Montgomery Estates LLP (Registered number: OC356028) |
Notes to the Financial Statements |
for the period 1st December 2022 to 31st March 2024 |
1. | STATUTORY INFORMATION |
Montgomery Estates LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
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 |
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows; |
Land and Buildings - nil |
Fixtures and Fittings - 15% reducing balance |
Land and Buildings are not depreciated as they are held for investment purposes. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st December 2022 |
and 31st March 2024 |
DEPRECIATION |
At 1st December 2022 |
Charge for period |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 30th November 2022 |
Montgomery Estates LLP (Registered number: OC356028) |
Notes to the Financial Statements - continued |
for the period 1st December 2022 to 31st March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Payments on account |
Trade creditors |
Taxation and social security |
Other creditors |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2024 | 2022 |
£ | £ |
Loans from members | 143,966 | 143,966 |
Amounts owed to members in respect of profits | 243,553 | 243,299 |
387,519 | 387,265 |
Falling due within one year | 387,519 | 387,265 |
Amounts due to (from) members represent equity and allocated profits not yet paid to members and are due within one year. In the event of a winding-up, members’ reserves rank after unsecured creditors. |
8. | RELATED PARTY DISCLOSURES |
During the previous period, the members loaned the LLP £143,966 for the purpose of repaying a secured bank loan. During the period, there has been interest charged of £17,986 on this loan (2022: £4,062). The balance outstanding on the loan at the end of the period under review is £143,966 (2022: £143,966), this is represented within the loans from members balance. |
The drawings during the year relate to drawings of profits and not loans. |