Registered No. OC438256 (England and Wales)
Ripe Rentals LLP
Unaudited accounts
for the year ended 31 March 2024
Ripe Rentals LLP
LLP Information
for the year ended 31 March 2024
Designated members
Mrs Emma O'Regan
Registered Number
OC438256 (England and Wales)
Registered Office
32 Westdean Avenue
Lee
London
SE12 9NL
United Kingdom
Accountants
Bell Howley Perrotton LLP
53 Davies Street
Mayfair
London
W1K 5JH
Ripe Rentals LLP
Accountants' report
Accountants' report to the members of Ripe Rentals LLP on the preparation of the unaudited statutory financial statements for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of
Ripe Rentals LLP for the year ended
31 March 2024 as set out on pages
4 -
6 from the LLP's accounting records and from information and explanations you have given us.
This report is made solely to the members of Ripe Rentals LLP, as a body, in accordance with the terms of our engagement letter dated 12 July 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Ripe Rentals LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ripe Rentals LLP and its members as a body for our work or for this report.
It is your duty to ensure that Ripe Rentals LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ripe Rentals LLP. You consider that Ripe Rentals LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Ripe Rentals LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Bell Howley Perrotton LLP
53 Davies Street
Mayfair
London
W1K 5JH
26 February 2025
Ripe Rentals LLP
Statement of financial position
as at 31 March 2024
Tangible assets
760,010
477,425
Cash at bank and in hand
17,245
37,447
Net current assets
17,245
37,447
Total assets less current liabilities
777,255
514,872
Creditors: amounts falling due after more than one year
(660,564)
(358,720)
Net assets attributable to members
116,691
156,152
Loans and other debts due to members
120,504
151,763
Other reserves
(3,813)
4,389
Loans and other debts due to members
120,504
151,763
Members' other interests
(3,813)
4,389
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 26 February 2025.
Mr Patrick O'Regan
Designated member
Limited Liability Partnership Registration No. OC438256
Ripe Rentals LLP
Notes to the Accounts
for the year ended 31 March 2024
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Ripe Rentals LLP is a limited liability partnership, incorporated in England and Wales, registration number OC438256. Its registered office is 32 Westdean Avenue, Lee, London, SE12 9NL, United Kingdom.
3
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
475,000
4,425
479,425
Additions
279,872
4,425
284,297
At 31 March 2024
754,872
8,850
763,722
At 1 April 2023
-
2,000
2,000
Charge for the year
-
1,712
1,712
At 31 March 2024
-
3,712
3,712
At 31 March 2024
754,872
5,138
760,010
At 31 March 2023
475,000
2,425
477,425
4
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
660,564
358,720
5
Loans and other debts due to members
2024
2023
Members' capital classified as a liability
120,504
151,763
Amounts falling due within one year
120,504
151,763
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
Ripe Rentals LLP
Notes to the Accounts
for the year ended 31 March 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).