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Unaudited Financial Statements |
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for the Year Ended 28th February 2021 |
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for |
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Quantum Cooling Dispense and |
Refridgeration Services LLP |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 28th February 2021 |
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for |
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Quantum Cooling Dispense and |
Refridgeration Services LLP |
Quantum Cooling Dispense and |
Refridgeration Services LLP (Registered number: OC322138) |
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Contents of the Financial Statements |
for the Year Ended 28th February 2021 |
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Page |
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Abridged Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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Quantum Cooling Dispense and |
Refridgeration Services LLP (Registered number: OC322138) |
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Abridged Balance Sheet |
28th February 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
915,026 |
821,452 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
- |
- |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 915,026 | 821,452 |
915,026 | 821,452 |
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TOTAL MEMBERS' INTERESTS |
Members' other interests | 915,026 | 821,452 |
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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. |
Quantum Cooling Dispense and |
Refridgeration Services LLP (Registered number: OC322138) |
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Abridged Balance Sheet - continued |
28th February 2021 |
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In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the members of the LLP and authorised for issue on
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Quantum Cooling Dispense and |
Refridgeration Services LLP (Registered number: OC322138) |
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Notes to the Financial Statements |
for the Year Ended 28th February 2021 |
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1. | STATUTORY INFORMATION |
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Quantum Cooling Dispense and Refridgeration Services LLP is registered in England and Wales. The LLP's registered number and registered office address are as below: |
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Registered number: | OC322138 |
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Registered office: | Kings Lodge |
London Road |
West Kingsdown |
Sevenoaks |
Kent |
TN15 6AR |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue recognition |
Turnover comprises the fair value of the consideration recevied or receivable for the rental of it's investment property in the ordinary course of the company's activities. |
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Tangible fixed assets |
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Improvements to property | - |
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Government grants |
Grants are classified either as a grant relating to revenue or a grant relating to assets. Grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred it is recognised as deferred income and not deducted from the carrying amount of the asset. |
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Investment property |
Investment property has been revalued to fair value at the balance sheet date by the members based on their own research and experience. There has been no independent professional valuation undertaken during the period. |
Quantum Cooling Dispense and |
Refridgeration Services LLP (Registered number: OC322138) |
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Notes to the Financial Statements - continued |
for the Year Ended 28th February 2021 |
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4. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2020 - NIL). |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st March 2020 |
and 28th February 2021 |
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DEPRECIATION |
At 1st March 2020 |
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Charge for year |
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At 28th February 2021 |
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NET BOOK VALUE |
At 28th February 2021 |
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At 29th February 2020 |
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6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st March 2020 |
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Revaluations | 100,000 |
At 28th February 2021 |
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NET BOOK VALUE |
At 28th February 2021 |
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At 29th February 2020 |
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Fair value at 28th February 2021 is represented by: |
£ |
Valuation in 2017 | 235,000 |
Valuation in 2020 | 350,000 |
Valuation in 2021 | 100,000 |
Cost | 665,000 |
1,350,000 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
2021 | 2020 |
£ | £ |
Repayable by instalments |
Mortgage due over 5 years | 148,553 | 103,672 |
Quantum Cooling Dispense and |
Refridgeration Services LLP (Registered number: OC322138) |
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Notes to the Financial Statements - continued |
for the Year Ended 28th February 2021 |
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8. | ULTIMATE CONTROLLING PARTY |
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During the year, the ultimate controlling party was Mr C Gonella and Mrs M R Gonella by virtue of having control of the designated members. |