Registered number
NC001292
Roscor LLP
Filleted Accounts
5 April 2024
Roscor LLP
Registered number: NC001292
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 145,753 145,753
Tangible assets 4 2,053,768 2,053,768
2,199,521 2,199,521
Current assets
Stocks 105,476 105,476
Debtors 5 70,472 70,472
Cash at bank and in hand 58 58
176,006 176,006
Creditors: amounts falling due within one year 6 (400,388) (400,388)
Net current liabilities (224,382) (224,382)
Total assets less current liabilities 1,975,139 1,975,139
Creditors: amounts falling due after more than one year 7 (933,742) (933,742)
Net assets attributable to members 1,041,397 1,041,397
Represented by:
Loans and other debts due to members 8 83,677 83,677
Members' other interests
Members' capital classified as equity 957,720 957,720
1,041,397 1,041,397
Total members' interests
Loans and other debts due to members 8 83,677 83,677
Members' other interests 957,720 957,720
1,041,397 1,041,397
For the year ended 5 April 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 31 March 2025 and signed on their behalf by:
Gareth Gormley
Designated member
Roscor LLP
Notes to the Accounts
for the year ended 5 April 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 3 3
3 Intangible fixed assets £
DARD SFP Entitlements
Cost
At 6 April 2023 145,753
At 5 April 2024 145,753
Amortisation
At 5 April 2024 -
Net book value
At 5 April 2024 145,753
At 5 April 2023 145,753
4 Tangible fixed assets
Land and buildings Plant and machinery Total
£ £ £
Cost
At 6 April 2023 1,378,500 734,538 2,113,038
At 5 April 2024 1,378,500 734,538 2,113,038
Depreciation
At 6 April 2023 - 59,270 59,270
At 5 April 2024 - 59,270 59,270
Net book value
At 5 April 2024 1,378,500 675,268 2,053,768
At 5 April 2023 1,378,500 675,268 2,053,768
5 Debtors 2024 2023
£ £
Other debtors 70,472 70,472
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 223,108 223,108
Obligations under finance lease and hire purchase contracts 26,000 26,000
Trade creditors 151,280 151,280
400,388 400,388
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 912,070 912,070
Obligations under finance lease and hire purchase contracts 7,232 7,232
Other creditors 14,440 14,440
933,742 933,742
8 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits 83,677 83,677
Amounts falling due within one year 83,677 83,677
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
9 Other information
Roscor LLP is a limited liability partnership incorporated in Northern Ireland. Its registered office is:
C/o 38 Gortin Road
Omagh
Co Tyrone
BT79 7HX
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