Barrier Animal Care Clinic LLP OC303416 false 2023-06-22 2024-06-21 2024-06-21 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 Software true OC303416 2023-06-22 2024-06-21 OC303416 2024-06-21 OC303416 core:CurrentFinancialInstruments 2024-06-21 OC303416 core:Non-currentFinancialInstruments 2024-06-21 OC303416 bus:SmallEntities 2023-06-22 2024-06-21 OC303416 bus:AuditExemptWithAccountantsReport 2023-06-22 2024-06-21 OC303416 bus:FullAccounts 2023-06-22 2024-06-21 OC303416 bus:RegisteredOffice 2023-06-22 2024-06-21 OC303416 bus:PartnerLLP1 2023-06-22 2024-06-21 OC303416 bus:PartnerLLP2 2023-06-22 2024-06-21 OC303416 bus:LimitedLiabilityPartnershipLLP 2023-06-22 2024-06-21 OC303416 countries:AllCountries 2023-06-22 2024-06-21 OC303416 2023-06-21 OC303416 2022-06-22 2023-06-21 OC303416 2023-06-21 OC303416 core:CurrentFinancialInstruments 2023-06-21 OC303416 core:Non-currentFinancialInstruments 2023-06-21 iso4217:GBP xbrli:pure

Registration number: OC303416

Prepared for the registrar

Barrier Animal Care Clinic LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 21 June 2024

 

Barrier Animal Care Clinic LLP

Contents

Limited liability partnership information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Barrier Animal Care Clinic LLP

Limited liability partnership information

Designated members

B Spolander

F Jamieson
 

Registered office

32a Hardens Manor Way
Charlton
London
SE7 8LP

Accountants

Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
GL51 0UX

 

Barrier Animal Care Clinic LLP

(Registration number: OC303416)
Balance Sheet as at 21 June 2024

Note

2024
 £

2023
 £

Fixed assets

 

Investment property

3

1,050,000

950,000

Current assets

 

Cash and short-term deposits

 

54,548

42,461

Creditors: Amounts falling due within one year

4

(30,041)

(27,779)

Net current assets

 

24,507

14,682

Total assets less current liabilities

 

1,074,507

964,682

Creditors: Amounts falling due after more than one year

5

(106,823)

(128,341)

Net assets attributable to members

 

967,684

836,341

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

58,890

58,890

Other amounts

497,586

466,243

 

556,476

525,133

Total members' interests

 

Loans and other debts due to members

 

556,476

525,133

Equity

 

411,208

311,208

   

967,684

836,341

For the year ending 21 June 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to LLPs, relating to small entities.


These financial statements have been prepared in accordance with the special provisions relating to LLPs subject to the small LLPs regime within Part 15 of the Companies Act 2006, as applied to LLPs.

These financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime, as applied to LLPs, 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 Companies Act 2006, as applied to LLPs 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.

The financial statements of Barrier Animal Care Clinic LLP (registered number OC303416) were approved by the members and authorised for issue on 22 January 2025. They were signed on behalf of the LLP by:

.........................................
B Spolander
Designated member

.........................................
F Jamieson
Designated member

 

Barrier Animal Care Clinic LLP

Notes to the Financial Statements for the Year Ended 21 June 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 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.

Basis of preparation

The limited liability partnership is incorporated in England and Wales 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 operation and its principle activities are given in the members' report.

These 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 Barrier Animal Care Clinic LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability operates. Foreign operations are included in accordance with the policies set out below.

The presentational currency of the financial statements is pounds sterling, being the functional currency of the primary economic environment in which the LLP operates. Monetary amounts in these financial statements are rounded to the nearest pound.

Going concern

After reviewing the LLP’s forecasts and projections, the designated members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

A member’s share of the profit or loss for the year is accounted for as an allocation of profits.

The profits of the LLP are automatically divided amongst the members in accordance with the agreed profit sharing arrangements.

Investment properties

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the members. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

 

Barrier Animal Care Clinic LLP

Notes to the Financial Statements for the Year Ended 21 June 2024

Financial instruments

Classification

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the LLP is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and Measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of financial assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

2

Particulars of employees

The average number of persons employed by the LLP during the year was 2 (2023 - 2).

3

Investment property

2024
£

At 22 June

950,000

Fair value adjustments

100,000

At 21 June

1,050,000

The members are of the opinion that the value of the investment property has increased to the revalued amount.

There has been no valuation of investment property by an independent valuer.

 

Barrier Animal Care Clinic LLP

Notes to the Financial Statements for the Year Ended 21 June 2024

4

Creditors: Amounts falling due within one year

2024
 £

2023
 £

Bank loans and overdrafts

23,681

23,681

Other creditors

1,500

1,500

Accruals and deferred income

3,760

1,765

Taxation and social security

1,100

833

30,041

27,779

5

Creditors: Amounts falling due after more than one year

2024
 £

2023
 £

Bank loans and overdrafts

106,823

128,341

Included in the creditors are the following amounts due after more than five years:

2024
 £

2023
 £

After more than five years by instalments

12,097

33,615