Registered No. OC355542 (England and Wales)
Streamville LLP
Unaudited accounts
for the year ended 30 June 2024
Streamville LLP
Statement of financial position
as at 30 June 2024
Investment property
762,627
762,627
Cash at bank and in hand
480
27,318
Creditors: amounts falling due within one year
(28,704)
(32,817)
Net current liabilities
(10,629)
(5,499)
Total assets less current liabilities
751,998
757,128
Creditors: amounts falling due after more than one year
(256,250)
(292,750)
Net assets attributable to members
495,748
464,378
Loans and other debts due to members
495,748
464,378
Loans and other debts due to members
495,748
464,378
For the year ending 30 June 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 27 February 2025.
Neptune Estates Limited
Designated member
Limited Liability Partnership Registration No. OC355542
Streamville LLP
Notes to the Accounts
for the year ended 30 June 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.
Having reviewed the resources available, the members believe that Streamville LLP has adequate resources to enable it to continue for at least a period of 12 months from the date of approval of the financial statements. Accordingly, Streamville LLP continues to adopt the going concern basis in preparation of its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from rental property 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 services provided to date to the total estimated contract costs.
Inventories in respect of development property have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Streamville LLP is a limited liability partnership, incorporated in England and Wales, registration number OC355542. Its registered office is 14 Holywell Row, London, EC2A 4JB.
Fair value at 1 July 2023
762,627
4
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
22,000
22,000
Other creditors
1,000
1,000
Streamville LLP
Notes to the Accounts
for the year ended 30 June 2024
5
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
256,250
292,750
The bank loan is secured by way of charge over specific property held by the company.
6
Loans and other debts due to members
2024
2023
Amounts due to members in respect of profits
495,748
464,378
Amounts falling due within one year
495,748
464,378
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).