REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 May 2023 to 31 March 2024 |
for |
Wye Residential (Stokenchurch) LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 May 2023 to 31 March 2024 |
for |
Wye Residential (Stokenchurch) LLP |
Wye Residential (Stokenchurch) LLP (Registered number: OC433324) |
Contents of the Financial Statements |
for the Period 1 May 2023 to 31 March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Wye Residential (Stokenchurch) LLP |
General Information |
for the Period 1 May 2023 to 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
TOR |
Saint-Cloud Way |
Maidenhead |
Berkshire |
SL6 8BN |
Wye Residential (Stokenchurch) LLP (Registered number: OC433324) |
Balance Sheet |
31 March 2024 |
31.3.24 | 30.4.23 |
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 | 70,800 | 125,216 |
LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | - | 45,216 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 70,800 | 80,000 |
70,800 | 125,216 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | - | 45,216 |
Members' other interests | 70,800 | 80,000 |
Amounts due from members | 5 | (11,277 | ) | - |
59,523 | 125,216 |
Wye Residential (Stokenchurch) LLP (Registered number: OC433324) |
Balance Sheet - continued |
31 March 2024 |
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. |
The financial statements were approved by the members of the LLP and authorised for issue on |
Wye Residential (Stokenchurch) LLP (Registered number: OC433324) |
Notes to the Financial Statements |
for the Period 1 May 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Wye Residential (Stokenchurch) 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 |
Significant judgements and estimates |
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
The company does not make significant estimates and assumptions concerning the future. |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Commission earned on sales of property is recognised on exchange of contract, commission earned on securing a letting is recognised immediately whilst management fees are billed and recognised monthly at a fixed percentage of the monthly rental. |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible fixed assets are included at cost less depreciation and impairment. |
Financial instruments |
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
Wye Residential (Stokenchurch) LLP (Registered number: OC433324) |
Notes to the Financial Statements - continued |
for the Period 1 May 2023 to 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 May 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 April 2023 |
5. | DEBTORS |
31.3.24 | 30.4.23 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 30.4.23 |
£ | £ |
Taxation and social security |
Other creditors |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.3.24 | 30.4.23 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of winding up. |
Wye Residential (Stokenchurch) LLP (Registered number: OC433324) |
Notes to the Financial Statements - continued |
for the Period 1 May 2023 to 31 March 2024 |
9. | ULTIMATE CONTROLLING PARTY |
There is no ultimate controlling party. |