Registered number
OC303515
WESTROP HOMES LLP
Unaudited Filleted Accounts
30 June 2024
WESTROP HOMES LLP
Registered number: OC303515
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Stocks 3 3
Debtors 3 11,456 9,321
Cash at bank and in hand 10,186 18,035
21,645 27,359
Creditors: amounts falling due within one year 4 (13) (2,104)
Net current assets 21,632 25,255
Total assets less current liabilities 21,632 25,255
Creditors: amounts falling due after more than one year 5 (750) (750)
Net assets attributable to members 20,882 24,505
Represented by:
Loans and other debts due to members 6 (252,688) (252,688)
Members' other interests
Members' capital classified as equity 354,361 354,361
Other reserves (80,791) (77,168)
273,570 277,193
20,882 24,505
Total members' interests
Loans and other debts due to members 6 (252,688) (252,688)
Members' other interests 273,570 277,193
20,882 24,505
For the year ended 30 June 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 25 February 2025 and signed on their behalf by:
R.R.E.MANIN
Designated member
WESTROP HOMES LLP
Notes to the Accounts
for the year ended 30 June 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.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Debtors 2024 2023
£ £
Amounts Due from Associated Companies 8,494 7,918
Prepayments. 2,108 1,378
Trade debtors 844 -
Social Security & Other Taxes 10 25
11,456 9,321
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 13 2,104
13 2,104
5 Creditors: amounts falling due after one year 2024 2023
£ £
Accruals & Deffered Income 750 750
750 750
6 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits (252,688) (252,688)
Amounts falling due within one year (252,688) (252,688)
7 Other information
WESTROP HOMES LLP is a limited liability partnership incorporated in England. Its registered office is:
C/O PJE Chartered Accountants
2 Oakfield Road, Clifton
Bristol
BS8 2AL
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