0 false false false false false false false false false false false false false false false false false No description of principal activity 2023-04-06 Sage Accounts Production Advanced 2024 - FRS102_2024 2,280,000 279,300 2,559,300 485,000 2,074,300 1,795,000 xbrli:pure xbrli:shares iso4217:GBP OC353196 2023-04-06 2024-04-05 OC353196 2024-04-05 OC353196 2023-04-05 OC353196 2022-04-06 2023-04-05 OC353196 2023-04-05 OC353196 2022-04-05 OC353196 bus:Director1 2023-04-06 2024-04-05 OC353196 core:WithinOneYear 2024-04-05 OC353196 core:WithinOneYear 2023-04-05 OC353196 core:CostValuation core:Non-currentFinancialInstruments 2023-04-05 OC353196 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-04-05 OC353196 core:CostValuation core:Non-currentFinancialInstruments 2024-04-05 OC353196 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-04-05 OC353196 core:Non-currentFinancialInstruments 2024-04-05 OC353196 core:Non-currentFinancialInstruments 2023-04-05 OC353196 bus:SmallEntities 2023-04-06 2024-04-05 OC353196 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 OC353196 bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 OC353196 bus:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC353196 bus:FullAccounts 2023-04-06 2024-04-05
REGISTERED NUMBER: OC353196
LONDON EBOR LLP
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 April 2024
LONDON EBOR LLP
STATEMENT OF FINANCIAL POSITION
5 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
5
2,074,300
1,795,000
CURRENT ASSETS
Debtors
6
6,804
8,041
Investments
7
541,483
541,483
Cash at bank and in hand
350,960
550,850
----------
-------------
899,247
1,100,374
CREDITORS: Amounts falling due within one year
8
72,796
138,437
----------
-------------
NET CURRENT ASSETS
826,451
961,937
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,900,751
2,756,937
-------------
-------------
NET ASSETS
2,900,751
2,756,937
-------------
-------------
REPRESENTED BY:
LOANS AND OTHER DEBTS DUE TO MEMBERS
Other amounts
9
1,280,751
1,136,937
MEMBERS' OTHER INTERESTS
Members' capital classified as equity
2,105,000
2,105,000
Fair value
(485,000)
(485,000)
-------------
-------------
2,900,751
2,756,937
-------------
-------------
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members
9
1,280,751
1,136,937
Members' other interests
1,620,000
1,620,000
-------------
-------------
2,900,751
2,756,937
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
LONDON EBOR LLP
STATEMENT OF FINANCIAL POSITION (continued)
5 April 2024
For the year ending 5 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the members and authorised for issue on 7 November 2024 , and are signed on their behalf by:
Mr F H Brown
Designated Member
Registered number: OC353196
LONDON EBOR LLP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2024
1.
GENERAL INFORMATION
The LLP is registered in England and Wales. The address of the registered office is 72 Main Street, Askham Bryan, York, YO23 3QS.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rentals, stated net of discounts and of Value Added Tax.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 25 (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and similar instruments. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members.
All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.
Investments
Investment properties are measured at fair value with changes in fair value being recognised in profit or loss.
Current investments
Current investments are stated at cost and are repayable on demand. All interest receivable is charged to the profit and loss account in the period in which it is received.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
MEMBERS
The average number of members of the LLP during the year amounted to 10 (2023:10).
5.
INVESTMENTS
Investment properties
£
Cost
At 6 April 2023
2,280,000
Additions
279,300
-------------
At 5 April 2024
2,559,300
-------------
Impairment
At 6 April 2023 and 5 April 2024
485,000
-------------
Carrying amount
At 5 April 2024
2,074,300
-------------
At 5 April 2023
1,795,000
-------------
The investment properties are valued at fair value by an independent surveyor.
6.
DEBTORS
2024
2023
£
£
Trade debtors
1,800
3,549
Other debtors
5,004
4,492
-------
-------
6,804
8,041
-------
-------
7.
INVESTMENTS
2024
2023
£
£
Other investments
541,483
541,483
----------
----------
Current investments are stated at cost and are repayable on demand. All interest receivable is charged to the profit and loss account in the period in which it is received.
8. CREDITORS: Amounts falling due within one year
2024
2023
£
£
Trade creditors
300
Social security and other taxes
13,490
22,054
Other creditors
59,006
116,383
--------
----------
72,796
138,437
--------
----------
9.
LOANS AND OTHER DEBTS DUE TO MEMBERS
2024
2023
£
£
Amounts owed to members in respect of profits
1,280,751
1,136,937
-------------
-------------