Novo Planning LLP
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LLP registration number OC432382
Date
Approval date of the accounts by the members 20/02/2025
Date
Date of signing on the audit/accountants report 20/02/2025
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing members' report:
Name of member M Mcfadden
Name of member signing balance sheet M Mcfadden
Address of registered office:
Address line 1 12 Knowles Road
Address line 2
City or town Horley
County or region Surrey
Postcode RH6 8PQ
Name of senior statutory auditor
Name of auditors/accountants
Type of firm (eg Chartered Accountants)
Address of auditors/accountants
Address line 1
Address line 2
City or town
County or region
Postcode
Number Number
Average number of persons employed by the company - -
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
Amounts due after more than one year included in debtors
Amounts due from members deducted in trial balance from £ £
amounts due to members
Loans to members
Drawings in excess of profits
- -
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by instalment
Payable by instalment
£ £
Secured bank loans included in creditors
Loans and other debts due to members falling due £ £
after more than one year
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
OC432382
Novo Planning LLP
Filleted Accounts
31 May 2024
Novo Planning LLP
Registered number: OC432382
Balance Sheet
as at 31 May 2024 restated
Notes 2024 2023
£ £
Current assets
Debtors 2 167,063 185,088
Cash at bank and in hand 53 100
167,116 185,188
Creditors: amounts falling due within one year 3 (11,500) (292)
Net current assets 155,616 184,896
Total assets less current liabilities 155,616 184,896
Creditors: amounts falling due after more than one year 4 (155,443) (207,257)
Net assets/(liabilities) attributable to members 173 (22,361)
Represented by:
Loans and other debts due to members 5 450 (22,228)
Members' other interests
Other reserves (277) (133)
173 (22,361)
Total members' interests
Loans and other debts due to members 5 450 (22,228)
Members' other interests (277) (133)
173 (22,361)
For the year ended 31 May 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 20 February 2025 and signed on their behalf by:
M Mcfadden
Designated member
Novo Planning LLP
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest 167,063 149,598
Other debtors - 35,490
167,063 185,088
3 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 292
Accruals 11,500 -
11,500 292
4 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the LLP has a participating interest 155,443 207,257
5 Loans and other debts due to members 2024 2023
£ £
Members capital classified as debt 450 (22,228)
Amounts falling due within one year 450 (22,228)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
Novo Planning LLP is a limited liability partnership incorporated in England. Its registered office is:
12 Knowles Road
Horley
Surrey
RH6 8PQ
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