REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Period 27 March 2023 to 31 March 2024 |
for |
Ingleton Wall LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Period 27 March 2023 to 31 March 2024 |
for |
Ingleton Wall LLP |
Ingleton Wall LLP (Registered number: OC446567) |
Contents of the Financial Statements |
for the Period 27 March 2023 to 31 March 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
Ingleton Wall LLP |
General Information |
for the Period 27 March 2023 to 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 Station View |
Bramhall Moor Lane |
Hazel Grove |
Stockport |
Cheshire |
SK7 5ER |
Ingleton Wall LLP (Registered number: OC446567) |
Report of the Members |
for the Period 27 March 2023 to 31 March 2024 |
The members present their report with the financial statements of the LLP for the period 27 March 2023 to 31 March 2024. |
INCORPORATION |
The LLP was incorporated on 27 March 2023 . |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the period under review was that of the provision of climbing wall facilities. |
DESIGNATED MEMBERS |
The designated members during the period under review were: |
RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS |
The profit for the period before members' remuneration and profit shares was £8,972. |
MEMBERS' INTERESTS |
No Member may draw any sum on account of their share of profits unless the Designated Members unanimously agree otherwise, and then only such sums as the Designated Members determine. |
If any Member withdraws funds in excess of their profit share for an accounting year, that Member shall repay the excess drawings to the LLP immediately. |
ON BEHALF OF THE MEMBERS: |
Ingleton Wall LLP (Registered number: OC446567) |
Income Statement |
for the Period 27 March 2023 to 31 March 2024 |
Notes | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
8,972 |
PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
8,972 |
Members' remuneration charged as an expense |
4 |
(8,337 |
) |
PROFIT FOR THE FINANCIAL PERIOD AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
Ingleton Wall LLP (Registered number: OC446567) |
Balance Sheet |
31 March 2024 |
Notes | £ |
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 |
688 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
688 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
7 |
688 |
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 |
Ingleton Wall LLP (Registered number: OC446567) |
Notes to the Financial Statements |
for the Period 27 March 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Ingleton Wall 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 |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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. |
Taxation |
The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate. |
Cash and cash equivalents |
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
4. | INFORMATION IN RELATION TO MEMBERS |
£ |
Members' remuneration charged as an expense |
Partners' salaries | 8,337 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
Ingleton Wall LLP (Registered number: OC446567) |
Notes to the Financial Statements - continued |
for the Period 27 March 2023 to 31 March 2024 |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
£ |
Loans from members | 53 |
Amounts owed to members in respect of profits | 635 |
688 |
Falling due within one year | 688 |
8. | ULTIMATE CONTROLLING PARTY |
The LLP is controlled by its Members acting in concert. |