Registered number
OC442749
CROWLAND & WOLF HOLDINGS LLP
Filleted Accounts
31 March 2024
CROWLAND & WOLF HOLDINGS LLP
Registered number: OC442749
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Stocks 206,100 206,100
Cash at bank and in hand 3,284 25,380
209,384 231,480
Creditors: amounts falling due within one year 3 (26,961) (40,001)
Net current assets 182,423 191,479
Total assets less current liabilities 182,423 191,479
Creditors: amounts falling due after more than one year 4 (158,396) (158,396)
Net assets attributable to members 24,027 33,083
Represented by:
Loans and other debts due to members 5 83,004 70,828
Members' other interests
Other reserves (58,977) (37,745)
24,027 33,083
Total members' interests
Loans and other debts due to members 5 83,004 70,828
Members' other interests (58,977) (37,745)
24,027 33,083
For the period ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 28 January 2025 and signed on their behalf by:
Myriam Fawzia Sohail
Designated member
CROWLAND & WOLF HOLDINGS LLP
Notes to the Accounts
for the period from 1 July 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the LLP has a participating interest 24,501 40,001
Other creditors 360 -
26,961 40,001
4 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 158,396 158,396
5 Loans and other debts due to members 2024 2023
£ £
Members capital classified as debt 83,004 70,828
Amounts falling due within one year 83,004 70,828
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
CROWLAND & WOLF HOLDINGS LLP is a limited liability partnership incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
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