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Registration number: OC420727

Young Investment (Bristol) LLP

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 5 April 2024

 

Young Investment (Bristol) LLP

Contents

Limited liability partnership information

1

Members' Report

2

Accountants' Report

3

Abridged Financial Statements

4 to 6

Abridged Balance Sheet

4

Notes to the Abridged Financial Statements

6

 

Young Investment (Bristol) LLP

Limited liability partnership information

Designated members

J Young

L Young
 

Registered office

4 Yeo Bank Business Park
Kenn Road
Clevedon
North Somerset
United Kingdom
BS21 6UW

Accountants

Burton Sweet Limited
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
BS22 8NG

 

Young Investment (Bristol) LLP

Members' Report for the Year Ended 5 April 2024

The members present their report and the unaudited abridged financial statements for the year ended 5 April 2024.

Principal activity

The principal activity of the limited liability partnership is that of management company.

Designated members

The members who held office during the year were as follows:

J Young

L Young

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to limited liability partnerships.

Approved by the Board on 23 December 2024 and signed on its behalf by:

.........................................
J Young
Designated member

.........................................
L Young
Designated member

 

Chartered Accountants' Report to the Members on the Preparation of the Unaudited Statutory Accounts of
Young Investment (Bristol) LLP
for the Year Ended 5 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of Young Investment (Bristol) LLP for the year ended 5 April 2024 set out on pages 4 to 6 from the limited liability partnership's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the members of Young Investment (Bristol) LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Young Investment (Bristol) LLP and state those matters that we have agreed to state to the members of Young Investment (Bristol) LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Young Investment (Bristol) LLP and its members as a body for our work or for this report.

It is your duty to ensure that Young Investment (Bristol) LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Young Investment (Bristol) LLP. You consider that Young Investment (Bristol) LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Young Investment (Bristol) LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Burton Sweet Limited
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
BS22 8NG

23 December 2024

 

Young Investment (Bristol) LLP

(Registration number: OC420727)
Abridged Balance Sheet as at 5 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3,530

113,530

Creditors: Amounts falling due within one year

(100)

(100)

Total assets less current liabilities

 

3,430

113,430

Accruals and deferred income

 

(1,410)

(1,410)

Net assets attributable to members

 

2,020

112,020

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

-

75,845

Members’ other interests

 

Other reserves

 

2,020

36,175

   

2,020

112,020

Total members' interests

 

Amounts due from members

 

(3,530)

(113,530)

Loans and other debts due to members

 

-

75,845

Equity

 

2,020

36,175

   

(1,510)

(1,510)

For the year ending 5 April 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

All of the limited liability partnership's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006, as applied to limited liability partnerships.

 

Young Investment (Bristol) LLP

(Registration number: OC420727)
Abridged Balance Sheet as at 5 April 2024

The financial statements of Young Investment (Bristol) LLP (registered number OC420727) were approved by the Board and authorised for issue on 23 December 2024. They were signed on behalf of the limited liability partnership by:

.........................................
J Young
Designated member

.........................................
L Young
Designated member

 

Young Investment (Bristol) LLP

Notes to the Abridged Financial Statements for the Year Ended 5 April 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Young Investment (Bristol) LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2023 - 0).