Registration number:
Nova Banstead 63 LLP
Annual Report and Unaudited Financial Statements - Companies House Filing
for the Year Ended 31 March 2025
Nova Banstead 63 LLP
(Registration number: OC413997)
Statement of Financial Position as at 31 March 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Investment property |
1,431,436 |
1,358,168 |
|
|
Current assets |
|||
|
Debtors |
390,135 |
499,485 |
|
|
Cash and short-term deposits |
12,605 |
48,916 |
|
|
402,740 |
548,401 |
||
|
Creditors: Amounts falling due within one year |
(21,582) |
(23,975) |
|
|
Net current assets |
381,158 |
524,426 |
|
|
Total assets less current liabilities |
1,812,594 |
1,882,594 |
|
|
Creditors: Amounts falling due after more than one year |
- |
(70,000) |
|
|
Net assets attributable to members |
1,812,594 |
1,812,594 |
|
|
Represented by: |
|||
|
Members’ other interests |
|||
|
Members' capital classified as equity |
1,812,594 |
1,812,594 |
|
|
1,812,594 |
1,812,594 |
||
|
Total members' interests |
|||
|
Amounts due from members |
(387,591) |
(483,041) |
|
|
Equity |
1,812,594 |
1,812,594 |
|
|
1,425,003 |
1,329,553 |
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 Banstead 63 LLP (registered number OC413997) were approved by the
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......................................... |
Nova Banstead 63 LLP
Notes to the Financial Statements for the Year Ended 31 March 2025
|
General information |
Nova Banstead 63 LLP (LLP number: OC413997) is a limited liability partnership incorporated in England and Wales. Its registered office is 41 Commercial Road, 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.
|
Accounting policies |
Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Taxation
The taxation payable on the partnership's profits is the personal liability of the members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements.
Investment properties
Investment property is 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.
Financial instruments
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
|
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
Nova Banstead 63 LLP
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Investment property |
|
2025 |
|
|
At 1 April 2024 |
1,358,168 |
|
Fair value adjustments |
73,268 |
|
At 31 March 2025 |
1,431,436 |
|
Debtors |
|
2025 |
2024 |
|
|
Other debtors |
|
|
|
Prepayments and accrued income |
|
|
|
390,135 |
499,485 |
|
Creditors: Amounts falling due within one year |
|
2025 |
2024 |
|
|
Other creditors |
|
|
|
Accruals and deferred income |
|
|
|
Taxation and social security |
|
|
|
|
|
|
Creditors: Amounts falling due after more than one year |
|
2025 |
2024 |
|
|
Other creditors |
- |
|
Creditors amounts falling due after more than one year includes the following liabilities, on which security has been given by the limited liability partnership:
|
2025 |
2024 |
|
|
Other creditors |
- |
70,000 |
The loan is secured against the LLP's share of the investment property.