Registration number:
Nova Peeler 61 LLP
Annual Report and Unaudited Financial Statements - Companies House Filing
for the Year Ended 31 March 2025
Nova Peeler 61 LLP
(Registration number: OC413321)
Statement of Financial Position as at 31 March 2025
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Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Investment property |
360,000 |
370,000 |
|
|
Current assets |
|||
|
Debtors |
74,641 |
64,259 |
|
|
Cash and short-term deposits |
16,084 |
16,362 |
|
|
90,725 |
80,621 |
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|
Creditors: Amounts falling due within one year |
(15,725) |
(15,621) |
|
|
Net current assets |
75,000 |
65,000 |
|
|
Net assets attributable to members |
435,000 |
435,000 |
|
|
Represented by: |
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|
Members’ other interests |
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|
Members' capital classified as equity |
435,000 |
435,000 |
|
|
435,000 |
435,000 |
||
|
Total members' interests |
|||
|
Amounts due from members |
(74,305) |
(63,923) |
|
|
Equity |
435,000 |
435,000 |
|
|
360,695 |
371,077 |
For the year ending 31 March 2025 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to small limited liability partnerships.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. 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 Nova Peeler 61 LLP (registered number OC413321) were approved by the
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Nova Peeler 61 LLP
Notes to the Financial Statements for the Year Ended 31 March 2025
|
General information |
Nova Peeler 61 LLP (LLP number: OC413321) is a limited liability partnership incorporated in England and Wales. Its registered office is 41 Commercial Rd, Poole, Dorset, BH14 0HU.
The financial statements have been prepared under the historical cost convention in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006 and in accordance with the Statement of Recommended Practice ‘Accounting for Limited Liability Partnerships’ issued in December 2018.
The presentation currency of the financial statements is the Pounds Sterling (£).
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.
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Accounting policies |
Revenue recognition
Turnover is stated net of discounts, and comprises of rental income. Rental income is recognised on a straight-line basis over the period of the lease.
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 or related deferred taxation are 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.
Investment properties
Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined by external valuers. The valuers use observable market prices, adjusted if necessary far any difference in nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.
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.
Nova Peeler 61 LLP
Notes to the Financial Statements for the Year Ended 31 March 2025
Trade creditors
Financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.
Members' interests
Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.
Financial instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties.
|
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
|
Investment property |
|
2025 |
|
|
At 1 April 2024 |
370,000 |
|
Fair value adjustments |
(10,000) |
|
At 31 March 2025 |
360,000 |
|
Debtors |
|
2025 |
2024 |
|
|
Other debtors |
|
|
|
Prepayments and accrued income |
|
|
|
74,641 |
64,259 |
|
Creditors: Amounts falling due within one year |
|
2025 |
2024 |
|
|
Other creditors |
|
|
|
Accruals and deferred income |
|
|
|
|
|
|
Analysis of other amounts |
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding-up. There is no provision for specific legally enforceable protection afford to creditors in such of an event. There is no restrictions or limitations on the ability of the members to reduce the amount of "Members other interests".