REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Period 1st April 2023 to 31st December 2023 |
for |
Ncube Family LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Period 1st April 2023 to 31st December 2023 |
for |
Ncube Family LLP |
Ncube Family LLP (Registered number: OC437277) |
Contents of the Financial Statements |
for the Period 1st April 2023 to 31st December 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
Ncube Family LLP |
General Information |
for the Period 1st April 2023 to 31st December 2023 |
DESIGNATED MEMBERS: |
Mrs P S Ncube |
P&S Ncube Ltd |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Biz Hub Tees Valley |
Belasis Hall Technology Park |
Coxwold Way |
Billingham |
Co. Durham |
TS23 4EA |
Ncube Family LLP (Registered number: OC437277) |
Report of the Members |
for the Period 1st April 2023 to 31st December 2023 |
The members present their report with the financial statements of the LLP for the period 1st April 2023 to 31st December 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the period under review was that of property rentals. |
DESIGNATED MEMBERS |
The designated members during the period under review were: |
Mrs P S Ncube |
P&S Ncube Ltd |
RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS |
The loss for the period before members' remuneration and profit shares was £45,633 (2023 - £67,365 loss). |
MEMBERS' INTERESTS |
Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares during the year in which it is made, with the balance of profits being distributed after the year end, subject to the cash requirements of the business. Capital is repaid to members on resignation or retirement. Only those members who have contributed capital to the LLP are allocated losses, if the LLP declares a loss in a period. |
ON BEHALF OF THE MEMBERS: |
Ncube Family LLP (Registered number: OC437277) |
Income Statement |
for the Period 1st April 2023 to 31st December 2023 |
Period |
1.4.23 |
to | Year Ended |
31.12.23 | 31.3.23 |
£ | £ |
TURNOVER |
Administrative expenses | ( |
) | ( |
) |
199,149 | 216,578 |
Other operating income |
OPERATING PROFIT |
Interest receivable and similar income |
222,499 | 216,592 |
Interest payable and similar expenses | ( |
) | ( |
) |
LOSS FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
( |
) |
Ncube Family LLP (Registered number: OC437277) |
Balance Sheet |
31st December 2023 |
2023 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 2,367,363 | 1,843,702 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
- |
1,843,702 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 2,367,363 | - |
2,367,363 | 1,843,702 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | - | 1,843,702 |
Members' other interests | 2,367,363 | - |
Amounts due from members | 5 | (939,913 | ) | (49,736 | ) |
1,427,450 | 1,793,966 |
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. |
Ncube Family LLP (Registered number: OC437277) |
Balance Sheet - continued |
31st December 2023 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Ncube Family LLP (Registered number: OC437277) |
Notes to the Financial Statements |
for the Period 1st April 2023 to 31st December 2023 |
1. | STATUTORY INFORMATION |
Ncube Family LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
TANGIBLE FIXED ASSETS |
Land and buildings | - |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1st April 2023 |
Additions |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st March 2023 |
The members see no benefit in revaluing the properties. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2023 |
£ | £ |
Other debtors |
Ncube Family LLP (Registered number: OC437277) |
Notes to the Financial Statements - continued |
for the Period 1st April 2023 to 31st December 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2023 |
£ | £ |
Trade creditors |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2023 |
£ | £ |
Other creditors |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2023 |
£ | £ |
Mortgages | 5,793,490 | 5,402,794 |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Members rank ahead of other creditors in liquidation. |