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REGISTERED NUMBER: OC450371 (England and Wales)












LLANGRANNOG PUBS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

19 DECEMBER 2023 TO 30 APRIL 2024






LLANGRANNOG PUBS LLP (REGISTERED NUMBER: OC450371)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 19 DECEMBER 2023 TO 30 APRIL 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LLANGRANNOG PUBS LLP

GENERAL INFORMATION
FOR THE PERIOD 19 DECEMBER 2023 TO 30 APRIL 2024







DESIGNATED MEMBERS: Miss A Ramsey-Williams
D Ramsey-Williams
S A Ramsey-Williams





REGISTERED OFFICE: Campion Gardens
Clyne Common
Bishopston
Swansea
West Glamorgan
SA3 3JB





REGISTERED NUMBER: OC450371 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

LLANGRANNOG PUBS LLP (REGISTERED NUMBER: OC450371)

BALANCE SHEET
30 APRIL 2024

Notes £    £   
FIXED ASSETS
Investment property 4 400,000

CREDITORS
Amounts falling due within one year 5 370,000
NET CURRENT LIABILITIES (370,000 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 30,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

MEMBERS' OTHER INTERESTS
Capital accounts 30,000
30,000

TOTAL MEMBERS' INTERESTS
Members' other interests 30,000

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 30 April 2024.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 31 January 2025 and were signed by:





S A Ramsey-Williams - Designated member

LLANGRANNOG PUBS LLP (REGISTERED NUMBER: OC450371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 19 DECEMBER 2023 TO 30 APRIL 2024

1. STATUTORY INFORMATION

Llangrannog Pubs LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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.

Financial instruments
The LLP only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 400,000
At 30 April 2024 400,000
NET BOOK VALUE
At 30 April 2024 400,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 370,000

LLANGRANNOG PUBS LLP (REGISTERED NUMBER: OC450371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 19 DECEMBER 2023 TO 30 APRIL 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

£   
Loans 370,000

The company's lenders hold security by way of a fixed charge over all the property known as The Ship and a negative pledge.