Mellifont Abbey LLP
Annual Report and Unaudited Financial Statements
for the period from 1 May 2023 to 31 March 2024
Registration number: OC317644
Mellifont Abbey LLP
Contents
Limited liability partnership information |
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
Mellifont Abbey LLP
Limited liability partnership information
Designated members |
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Registered office |
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Mellifont Abbey LLP
(Registration number: OC317644)
Balance Sheet as at 31 March 2024
Note |
31 March 2024 |
30 April 2023 |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities attributable to members |
( |
( |
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Represented by: |
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Members’ other interests |
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Members' capital classified as equity |
(97,488) |
(38,000) |
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Other reserves |
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- |
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(38,000) |
(38,000) |
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(38,000) |
(38,000) |
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Total members' interests |
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Equity |
( |
( |
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(38,000) |
(38,000) |
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.
The financial statements of Mellifont Abbey LLP (registered number OC317644) were approved by the
.........................................
Designated member
Mellifont Abbey LLP
Notes to the Financial Statements for the Period from 1 May 2023 to 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 and 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 Mellifont Abbey 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.
Revenue recognition
The partnership did not trade during the year ended 30 April 2023 and sold its remaining freehold property on 4 April 2023.
Taxation
The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the period was
Mellifont Abbey LLP
Notes to the Financial Statements for the Period from 1 May 2023 to 31 March 2024
Tangible fixed assets |
Cost |
At 31 March 2024 |
Depreciation |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
Creditors: Amounts falling due within one year |
2024 |
2023 |
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Bank loans and overdrafts |
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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.