REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 28 APRIL 2022 TO 30 APRIL 2023 |
FOR |
ARB GROUP PARTNERSHIP LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 28 APRIL 2022 TO 30 APRIL 2023 |
FOR |
ARB GROUP PARTNERSHIP LLP |
ARB GROUP PARTNERSHIP LLP (REGISTERED NUMBER: OC442112) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 28 APRIL 2022 TO 30 APRIL 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ARB GROUP PARTNERSHIP LLP |
GENERAL INFORMATION |
FOR THE PERIOD 28 APRIL 2022 TO 30 APRIL 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4 Office Village |
Forder Way |
Cygnet Park, Hampton |
Peterborough |
Cambridgeshire |
PE7 8GX |
ARB GROUP PARTNERSHIP LLP (REGISTERED NUMBER: OC442112) |
BALANCE SHEET |
30 APRIL 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
6,130,631 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
6,130,631 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 6,130,631 |
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. |
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 |
ARB GROUP PARTNERSHIP LLP (REGISTERED NUMBER: OC442112) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 28 APRIL 2022 TO 30 APRIL 2023 |
1. | STATUTORY INFORMATION |
ARB Group Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
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 company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: |
Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. |
Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition. |
Debtors |
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
Creditors |
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
ARB GROUP PARTNERSHIP LLP (REGISTERED NUMBER: OC442112) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 28 APRIL 2022 TO 30 APRIL 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
Fair value at 30 April 2023 is represented by: |
£ |
Cost | 13,336,447 |
If the investment properties had not been revalued they would have been included at the following historical cost: |
£ |
Cost | 13,336,447 |
Investment properties were valued on an open market basis on 30 April 2023 by the director . |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts (see note 7) |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
7. | LOANS |
An analysis of the maturity of loans is given below: |
£ |
Amounts falling due within one year or on demand: |
Bank loans - less than 1 yr |
Loans |
Amounts falling due between one and two years: |
Loans | 7,000,000 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Investment properties | 155,816 |
ARB GROUP PARTNERSHIP LLP (REGISTERED NUMBER: OC442112) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 28 APRIL 2022 TO 30 APRIL 2023 |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
£ |
Amounts owed to members in respect of profits | 6,130,631 |
Falling due within one year | 6,130,631 |
Loans and debts due to members are ranked equally with other unsecured creditors of the partnership. |