IRIS Accounts Production v24.3.0.553 OC393647 designated member 1.7.23 31.3.24 31.3.24 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3936472023-06-30OC3936472024-03-31OC3936472023-07-012024-03-31OC3936472022-06-30OC3936472022-07-012023-06-30OC3936472023-06-30OC393647ns15:EnglandWales2023-07-012024-03-31OC393647ns14:PoundSterling2023-07-012024-03-31OC393647ns10:PartnerLLP12023-07-012024-03-31OC393647ns10:LimitedLiabilityPartnershipLLP2023-07-012024-03-31OC393647ns10:SmallEntities2023-07-012024-03-31OC393647ns10:AuditExempt-NoAccountantsReport2023-07-012024-03-31OC393647ns10:SmallCompaniesRegimeForAccounts2023-07-012024-03-31OC393647ns10:LimitedLiabilityPartnershipsSORP2023-07-012024-03-31OC393647ns10:FullAccounts2023-07-012024-03-31OC393647ns10:PartnerLLP22023-07-012024-03-31OC393647ns10:PartnerLLP32023-07-012024-03-31OC393647ns10:PartnerLLP42023-07-012024-03-31OC393647ns10:RegisteredOffice2023-07-012024-03-31OC393647ns5:CurrentFinancialInstruments2024-03-31OC393647ns5:CurrentFinancialInstruments2023-06-30OC393647ns5:LandBuildings2023-07-012024-03-31OC393647ns5:LandBuildings2023-06-30OC393647ns5:LandBuildings2024-03-31OC393647ns5:LandBuildings2023-06-30OC393647ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC393647ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30
REGISTERED NUMBER: OC393647 (England and Wales)















Report of the Members and

Financial Statements for the Period 1 July 2023 to 31 March 2024

for

Formby Distribution and Storage LLP

Formby Distribution and Storage LLP (Registered number: OC393647)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Formby Distribution and Storage LLP

General Information
for the Period 1 July 2023 to 31 March 2024







DESIGNATED MEMBERS: J R Clarke
D Dickerson
D Gilkes
D N Kirby





REGISTERED OFFICE: 26 Old Haymarket
Liverpool
Merseyside
L1 6ER





REGISTERED NUMBER: OC393647 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Formby Distribution and Storage LLP (Registered number: OC393647)

Report of the Members
for the Period 1 July 2023 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 1 July 2023 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of distribution and storage.

DESIGNATED MEMBERS
The designated members during the period under review were:

J R Clarke
D Dickerson
D Gilkes
D N Kirby

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £3,929 (2023 - £7,503 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





D Dickerson - Designated member


10 February 2025

Formby Distribution and Storage LLP (Registered number: OC393647)

Income Statement
for the Period 1 July 2023 to 31 March 2024

Period
1.7.23
to Year Ended
31.3.24 30.6.23
£    £   

TURNOVER 6,528 20,190

Administrative expenses 2,599 12,687
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




3,929




7,503

Formby Distribution and Storage LLP (Registered number: OC393647)

Balance Sheet
31 March 2024

31.3.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 737,332 735,392

CURRENT ASSETS
Debtors 5 1,946 1,946

CREDITORS
Amounts falling due within one year 6 40,339 39,097
NET CURRENT LIABILITIES (38,393 ) (37,151 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

698,939

698,241

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

698,939

698,241

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 698,939 698,241

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 10 February 2025 and were signed by:





D Dickerson - Designated member

Formby Distribution and Storage LLP (Registered number: OC393647)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 March 2024

1. STATUTORY INFORMATION

Formby Distribution and Storage LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on rental income, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised as the rents are paid.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - No depreciation charged

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2023 735,392
Additions 1,940
At 31 March 2024 737,332
NET BOOK VALUE
At 31 March 2024 737,332
At 30 June 2023 735,392

Formby Distribution and Storage LLP (Registered number: OC393647)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Other debtors 1,946 1,946

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Other creditors 40,339 39,097

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.