Registration number:
Nomad Accommodation LLP
for the period from 1 August 2023 to 31 March 2024
Nomad Accommodation LLP
Contents
Limited liability partnership information |
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
Nomad Accommodation LLP
Limited liability partnership information
Designated members |
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Registered office |
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Accountants |
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Nomad Accommodation LLP
(Registration number: OC443724)
Balance Sheet as at 31 March 2024
Note |
31 March 2024 |
31 July 2023 |
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Fixed assets |
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Tangible assets |
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- |
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Current assets |
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Debtors |
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Cash and short-term deposits |
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Creditors: Amounts falling due within one year |
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Net current (liabilities)/assets |
( |
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Net assets attributable to members |
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Represented by: |
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Members’ other interests |
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Other reserves |
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25,192 |
27,268 |
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Total members' interests |
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Equity |
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25,192 |
27,268 |
Nomad Accommodation LLP
(Registration number: OC443724)
Balance Sheet as at 31 March 2024 (continued)
For the year ending 31 March 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 Members Report and 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.
The financial statements of Nomad Accommodation LLP (registered number OC443724) were approved by the
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Nomad Accommodation LLP
Notes to the Financial Statements for the Period from 1 August 2023 to 31 March 2024
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.
General information and basis of accounting
The limited liability partnership is incorporated in England & Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
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 Nomad Accommodation 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.
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue relates to commissions received in regards to the sourcing of short term letting clients, excluding discounts, rebates, VAT and other sales tax or duty.
Taxation
The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
25% reducing balance |
Particulars of employees |
The average number of persons employed by the limited liability partnership during the period was
Nomad Accommodation LLP
Notes to the Financial Statements for the Period from 1 August 2023 to 31 March 2024 (continued)
Tangible fixed assets |
Motor vehicles |
Total |
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Cost |
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Additions |
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At 31 March 2024 |
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Depreciation |
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Charge for the year |
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At 31 March 2024 |
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Net book value |
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At 31 March 2024 |
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Debtors |
31 March 2024 |
31 July 2023 |
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Trade debtors |
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Other debtors |
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- |
Total current trade and other debtors |
5,877 |
2,071 |
Creditors: Amounts falling due within one year |
31 March 2024 |
31 July 2023 |
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Other creditors |
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Accruals and deferred income |
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