|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Report of the Members and |
|
Unaudited Financial Statements |
|
for the Year Ended 30 September 2019 |
|
for |
|
AWB Charlesworth LLP |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Report of the Members and |
|
Unaudited Financial Statements |
|
for the Year Ended 30 September 2019 |
|
for |
|
AWB Charlesworth LLP |
AWB Charlesworth LLP (Registered number: OC321944) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 September 2019 |
|
|
|
|
Page |
|
General Information | 1 |
|
Report of the Members | 2 |
|
Income Statement | 3 |
|
Statement of Financial Position | 4 |
|
Notes to the Financial Statements | 6 |
|
AWB Charlesworth LLP |
|
General Information |
for the Year Ended 30 September 2019 |
|
|
|
|
|
|
|
DESIGNATED MEMBERS: | D A Tear |
A J Davidson |
D T M Hayes |
L J O'Neill |
|
J A Dunn |
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Russell Chambers |
61a North Street |
Keighley |
West Yorkshire |
BD21 3DS |
AWB Charlesworth LLP (Registered number: OC321944) |
|
Report of the Members |
for the Year Ended 30 September 2019 |
|
The members present their report with the financial statements of the LLP for the year ended 30 September 2019. |
|
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of property income. |
|
DESIGNATED MEMBERS |
The designated members during the year under review were: |
|
D A Tear |
A J Davidson |
D T M Hayes |
L J O'Neill |
|
J A Dunn |
|
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £26,599 (2018 - £20,117 profit). |
|
MEMBERS' INTERESTS |
|
ON BEHALF OF THE MEMBERS: |
|
|
|
|
|
|
|
|
|
AWB Charlesworth LLP (Registered number: OC321944) |
|
Income Statement |
for the Year Ended 30 September 2019 |
|
30.9.19 | 30.9.18 |
Notes | £ | £ |
|
TURNOVER |
|
|
|
Administrative expenses |
|
|
(6,900 | ) | (12,530 | ) |
|
Other operating income |
|
|
OPERATING PROFIT | 4 |
|
|
|
|
Interest payable and similar expenses |
|
|
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
26,599 |
20,117 |
|
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
26,599 |
20,117 |
|
Members' remuneration charged as an
expense |
5 |
- |
(20,117 |
) |
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
|
|
AWB Charlesworth LLP (Registered number: OC321944) |
|
Statement of Financial Position |
30 September 2019 |
|
30.9.19 | 30.9.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
9 |
|
|
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
342,466 |
305,867 |
|
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
10 |
45,955 |
20,117 |
|
MEMBERS' OTHER INTERESTS |
Capital accounts | 287,620 | 276,859 |
Revaluation reserve | 11 |
|
|
342,466 | 305,867 |
|
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 45,955 | 20,117 |
Members' other interests | 296,511 | 285,750 |
342,466 | 305,867 |
|
|
|
The members acknowledge their responsibilities for: |
(a) |
ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
AWB Charlesworth LLP (Registered number: OC321944) |
|
Statement of Financial Position - continued |
30 September 2019 |
|
|
|
|
The financial statements were approved by the members of the LLP on
|
|
|
|
|
|
|
AWB Charlesworth LLP (Registered number: OC321944) |
|
Notes to the Financial Statements |
for the Year Ended 30 September 2019 |
|
1. | STATUTORY INFORMATION |
|
AWB Charlesworth LLP is registered in England and Wales. The LLP's registered number and registered office |
address can be found on the General Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Tangible fixed assets |
|
Land and buildings | - |
|
|
3. | EMPLOYEE INFORMATION |
|
The average number of employees during the year was NIL (2018 - NIL). |
|
4. | OPERATING PROFIT |
|
The operating profit is stated after charging: |
|
30.9.19 | 30.9.18 |
£ | £ |
Depreciation - owned assets |
|
|
|
5. | INFORMATION IN RELATION TO MEMBERS |
30.9.19 | 30.9.18 |
£ | £ |
Members' remuneration charged as an expense |
Members paid under LLP agreemn | - | 20,117 |
|
6. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 October 2018 |
and 30 September 2019 |
|
DEPRECIATION |
At 1 October 2018 |
|
Charge for year |
|
At 30 September 2019 |
|
NET BOOK VALUE |
At 30 September 2019 |
|
At 30 September 2018 |
|
AWB Charlesworth LLP (Registered number: OC321944) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.19 | 30.9.18 |
£ | £ |
Amounts owed by group undertakings |
|
|
Other debtors |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.19 | 30.9.18 |
£ | £ |
Bank loans and overdrafts |
|
|
Other creditors |
|
|
|
|
|
9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.9.19 | 30.9.18 |
£ | £ |
Bank loans |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | - | 20,424 |
AWB Charlesworth LLP (Registered number: OC321944) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
|
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
|
Members' participation rights are the rights of a member against the LLP that arise under the members' |
agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits). |
|
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the |
LLP's perspective, either a financial liability or equity, in accordance with FRS25 (IAS 32) Financial |
Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and |
similar instruments. A Members' participation right results in a liability unless the right to any payment is |
discretionary on the part of the LLP. |
|
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if |
the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an |
unconditional right, such amounts are classified as liabilities. |
|
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse |
payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as |
an expense in the Income Statement in the relevant year. To the extent that they remain unpaid at the year end, |
they are shown as liabilities in the Statement of Financial Position. |
|
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has |
an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an |
expense. They are therefore shown as a residual amount available for discretionary division among members in |
the Income Statement and are equity appropriations in the Statement of Financial Position. |
|
Other amounts applied to members, for example remuneration paid under an employment contract and interest |
on capital balances, are treated in the same way as all other divisions of profits, as described above, according to |
whether the LLP has, in each case, an unconditional right to refuse payment. |
|
All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position |
within 'Loans and other debts due to members' and are charged to the Income Statement within 'Member's |
remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the |
Statement of Financial Position within 'Members' other interests'. |
|
11. | RESERVES |
Revaluation |
reserve |
£ |
At 1 October 2018 |
and 30 September 2019 |
|