Registration number:
Gough Family Partnership LLP
for the Year Ended 31 March 2024
Gough Family Partnership LLP
Contents
Limited liability partnership information |
|
Financial Statements |
|
Balance Sheet |
|
Notes to the Financial Statements |
Gough Family Partnership LLP
Limited liability partnership information
Designated members |
|
Registered office |
|
Accountants |
|
Gough Family Partnership LLP
(Registration number: OC431159)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Bank current account 1 |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Net assets attributable to members |
|
|
|
Represented by: |
|||
Loans and other debts due to members |
|||
Members' capital classified as a liability |
6,882,284 |
7,181,111 |
|
Members’ other interests |
|||
Loss on ordinary activities before members' remuneration and profit shares |
( |
( |
|
6,831,637 |
7,159,626 |
||
Total members' interests |
|||
Loans and other debts due to members |
6,882,284 |
7,181,111 |
|
Loss on ordinary activities before members' remuneration and profit shares |
( |
( |
|
6,831,637 |
7,159,626 |
For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
Gough Family Partnership LLP
(Registration number: OC431159)
Balance Sheet as at 31 March 2024
The financial statements of Gough Family Partnership LLP (registered number OC431159) were approved by the
......................................... |
Gough Family Partnership LLP
Notes to the Financial Statements for the Year Ended 31 March 2024
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in England & Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Gough Family Partnership LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Tangible fixed assets
Individual fixed assets are initially recorded at cost.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
Gough Family Partnership LLP
Notes to the Financial Statements for the Year Ended 31 March 2024
Tangible fixed assets |
Freehold land and buildings |
Total |
|
Cost |
||
At 1 April 2023 |
|
|
Disposals |
( |
( |
At 31 March 2024 |
|
|
Depreciation |
||
At 31 March 2024 |
- |
- |
Net book value |
||
At 31 March 2024 |
|
|
At 31 March 2023 |
|
|
Creditors: Amounts falling due within one year |
2024 |
2023 |
|
Bank loans and overdrafts |
|
|
Other creditors |
|
|
Accruals and deferred income |
|
- |
|
|
Creditors: Amounts falling due after more than one year |
2024 |
2023 |
|
Bank loans and overdrafts |
|
|
Control |
The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.