REGISTERED NUMBER: |
ELMWOOD CONSTRUCTION LLP |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
REGISTERED NUMBER: |
ELMWOOD CONSTRUCTION LLP |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
ELMWOOD CONSTRUCTION LLP (REGISTERED NUMBER: OC320727) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
ELMWOOD CONSTRUCTION LLP (REGISTERED NUMBER: OC320727) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
and |
Net assets attributable to members | 2,160,973 | 2,289,427 |
Loans and other debts due to members | 9 | 747,795 | 747,795 |
Members' other interests |
Revaluation reserve | 10 |
Fair value reserve | 10 |
2,160,973 | 2,289,427 |
Total members' interests |
Loans and other debts due to members | 9 | 747,795 | 747,795 |
Members' other interests | 1,413,178 | 1,541,632 |
Amounts due from members | 6 | (394,734 | ) | (215,959 | ) |
1,766,239 | 2,073,468 |
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. |
ELMWOOD CONSTRUCTION LLP (REGISTERED NUMBER: OC320727) |
BALANCE SHEET - continued |
30 APRIL 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
ELMWOOD CONSTRUCTION LLP (REGISTERED NUMBER: OC320727) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | Statutory information |
Elmwood Construction LLP is registered in England and Wales. The LLP's registered number and registered office address are as below: |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes. |
Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a service to the customer. |
Tangible fixed assets |
Plant and machinery etc | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | Employee information |
The average number of employees during the year was |
ELMWOOD CONSTRUCTION LLP (REGISTERED NUMBER: OC320727) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 May 2023 |
Additions |
At 30 April 2024 |
Depreciation |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
5. | Investment property |
Total |
£ |
Fair value |
At 1 May 2023 |
Disposals | ( |
) |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
Fair value at 30 April 2024 is represented by: |
£ |
Valuation in 2011 | 1,216,177 |
Valuation in 2019 | 197,000 |
Cost | 276,823 |
1,690,000 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
ELMWOOD CONSTRUCTION LLP (REGISTERED NUMBER: OC320727) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
9. | Loans and other debts due to members |
2024 | 2023 |
£ | £ |
Loans from members | 747,795 | 747,795 |
Falling due within one year | 747,795 | 747,795 |
Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up. |
10. | Reserves |
Fair |
Revaluation | value |
reserve | reserve | Totals |
£ | £ | £ |
At 1 May 2023 | 1,541,632 |
Transfer | (77,868 | ) | (50,586 | ) | (128,454 | ) |
At 30 April 2024 | 1,216,179 | 196,999 | 1,413,178 |