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Company No: OC399705 (England and Wales)

IMMOBILLAIRE LAND AND PROPERTY LLP

Unaudited Financial Statements
For the financial period from 01 June 2023 to 31 March 2024
Pages for filing with the registrar

IMMOBILLAIRE LAND AND PROPERTY LLP

Unaudited Financial Statements

For the financial period from 01 June 2023 to 31 March 2024

Contents

IMMOBILLAIRE LAND AND PROPERTY LLP

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
IMMOBILLAIRE LAND AND PROPERTY LLP

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
31.03.2024 31.05.2023
£ £
Current assets
Stocks 0 134,218
Cash at bank and in hand 5,589 3,630
5,589 137,848
Creditors: amounts falling due within one year 3 ( 5,250) ( 2,250)
Net current assets 339 135,598
Total assets less current liabilities 339 135,598
Net assets attributable to members 339 135,598
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability 140,198 140,198
140,198 140,198
Members' other interests
Members' capital classified as equity (1,400) (3,400)
Other reserves (138,459) (1,200)
(139,859) (4,600)
339 135,598
Total members' interests
Loans and other debts due to members 140,198 140,198
Members' other interests (139,859) (4,600)
339 135,598

For the financial period ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of Immobillaire Land And Property LLP (registered number: OC399705) were approved and authorised for issue by the Board of Directors on 12 December 2024. They were signed on its behalf by:

Simon John Ford
Designated member
IMMOBILLAIRE LAND AND PROPERTY LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 June 2023 to 31 March 2024
IMMOBILLAIRE LAND AND PROPERTY LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 June 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Immobillaire Land And Property LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Allstone House, Myers Road, Gloucester, GL1 3QD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The previous financial statements cover from 1 June 2022 to 31 May 2023. These financial statements cover from 1 June 2023 to 31 March 2024 due to the financial reporting date being changed to align the entity's financial statements with their tax year. Therefore, the comparatives are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

Period from
01.06.2023 to
31.03.2024
Year ended
31.05.2023
Number Number
Monthly average number of persons employed by the LLP during the period 2 2

3. Creditors: amounts falling due within one year

31.03.2024 31.05.2023
£ £
Accruals 5,250 2,250

4. Related party transactions

Transactions with the entity's members

31.03.2024 31.05.2023
£ £
Other amounts due to members (140,198) (140,198)