REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
NEW YARD PARTNERSHIP LLP |
REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
NEW YARD PARTNERSHIP LLP |
NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Reconciliation of Members' Interests | 6 |
Notes to the Financial Statements | 8 |
NEW YARD PARTNERSHIP LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
14 London Street |
Andover |
Hampshire |
SP10 2PA |
NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195) |
REPORT OF THE MEMBERS |
FOR THE YEAR ENDED 31 MARCH 2024 |
The members present their report with the financial statements of the LLP for the year ended 31 March 2024. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £5,813 (2023 - £9,994 profit). |
MEMBERS' INTERESTS |
The amount of profit distributed to members is determined by the LLP Agreement. |
All members are equity members and share in the profits and subscribe the entire capital of the LLP. Each member's capital subscription is linked to his or her share of profits and is repaid in full on retirement. |
ON BEHALF OF THE MEMBERS: |
NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195) |
INCOME STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ |
TURNOVER |
Administrative expenses | ( |
) | ( |
) |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
5,813 |
9,994 |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
5,813 |
9,994 |
Members' remuneration charged as an expense |
6 |
(5,813 |
) |
(9,994 |
) |
PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,818,800 |
1,812,987 |
NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195) |
BALANCE SHEET - continued |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
1,817,800 |
1,811,987 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 1,000 | 1,000 |
1,818,800 | 1,812,987 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
10 |
1,817,800 |
1,811,987 |
Members' other interests | 1,000 | 1,000 |
1,818,800 | 1,812,987 |
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 |
NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195) |
RECONCILIATION OF MEMBERS' INTERESTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
EQUITY |
Members' other interests |
Members' |
capital |
(classified |
as | Other |
equity) | reserves | Total |
£ | £ | £ |
Balance at 1 April 2023 | 1,000 | - | 1,000 |
Members' remuneration charged as an expense, including employment and retirement benefit costs |
- |
- |
- |
Profit for the financial year available for discretionary division among members |
- |
- |
- |
Members' interests after profit for the year | 1,000 | - | 1,000 |
Balance at 31 March 2024 | 1,000 | - | 1,000 |
DEBT | TOTAL |
Loans and other debts due to | MEMBERS' |
members less any amounts due | INTERESTS |
from members in debtors |
Other |
amounts | Total |
£ | £ |
Amount due to members | 1,811,987 |
Amount due from members | - |
Balance at 1 April 2023 | 1,811,987 | 1,812,987 |
Members' remuneration charged as an expense, including employment and retirement benefit costs |
5,813 |
5,813 |
Profit for the financial year available for discretionary division among members |
- |
- |
Members' interests after profit for the year | 1,817,800 | 1,818,800 |
Amount due to members | 1,817,800 |
Amount due from members | - |
Balance at 31 March 2024 | 1,817,800 | 1,818,800 |
NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195) |
RECONCILIATION OF MEMBERS' INTERESTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
EQUITY |
Members' other interests |
Members' |
capital |
(classified |
as | Other |
equity) | reserves | Total |
£ | £ | £ |
Balance at 1 April 2022 | 1,000 | - | 1,000 |
Members' remuneration charged as an expense, including employment and retirement benefit costs |
- |
- |
- |
Profit for the financial year available for discretionary division among members |
- |
- |
- |
Members' interests after profit for the year | 1,000 | - | 1,000 |
Balance at 31 March 2023 | 1,000 | - | 1,000 |
DEBT | TOTAL |
Loans and other debts due to | MEMBERS' |
members less any amounts due | INTERESTS |
from members in debtors |
Other |
amounts | Total |
£ | £ |
Amount due to members | 1,801,993 |
Amount due from members | - |
Balance at 1 April 2022 | 1,801,993 | 1,802,993 |
Members' remuneration charged as an expense, including employment and retirement benefit costs |
9,994 |
9,994 |
Profit for the financial year available for discretionary division among members |
- |
- |
Members' interests after profit for the year | 1,811,987 | 1,812,987 |
Amount due to members | 1,811,987 |
Amount due from members | - |
Balance at 31 March 2023 | 1,811,987 | 1,812,987 |
NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
New Yard Partnership 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. | STATEMENT OF COMPLIANCE |
3. | 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 |
Freehold property | - |
Plant and machinery | - |
Computer equipment | - |
4. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
5. | OPERATING PROFIT |
The operating profit is stated after charging: |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
6. | INFORMATION IN RELATION TO MEMBERS |
2024 | 2023 |
£ | £ |
Members' remuneration charged as an expense |
Automatic division of profit | 5,813 | 9,994 |
7. | TANGIBLE FIXED ASSETS |
Freehold | Plant and | Computer |
property | machinery | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
VAT | 1,711 | 1,504 |
Other creditors |
Accrued expenses |
NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members' (other than members' capital classified as debt) rank equally with other unsecured creditors in the event of a winding up. |