Company No:
Contents
31.03.2024 | 31.05.2023 | |||
£ | £ | |||
Current assets | ||||
Stocks |
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Cash at bank and in hand |
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5,589 | 137,848 | |||
Creditors: amounts falling due within one year | 3 | (
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(
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Net current assets | 339 | 135,598 | ||
Total assets less current liabilities | 339 | 135,598 | ||
Net assets attributable to members |
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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 |
Members' responsibilities:
The financial statements of Immobillaire Land And Property LLP (registered number:
Simon John Ford
Designated member |
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.
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 £.
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.
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 is recognised when the significant risks and rewards are considered to have been transferred to the customer.
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.
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.
Period from 01.06.2023 to 31.03.2024 |
Year ended 31.05.2023 |
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Number | Number | ||
Monthly average number of persons employed by the LLP during the period |
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31.03.2024 | 31.05.2023 | ||
£ | £ | ||
Accruals |
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Transactions with the entity's members
31.03.2024 | 31.05.2023 | ||
£ | £ | ||
Other amounts due to members | (140,198) | (140,198) |