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Financial Statements for the Year Ended 31 March 2022 |
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Barley Sheaf LLP |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 March 2022 |
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Barley Sheaf LLP |
Barley Sheaf LLP (Registered number: OC325493) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Barley Sheaf LLP |
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General Information |
for the Year Ended 31 March 2022 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants and Business Advisers |
Unit 9 |
Moorland Road Industrial Park |
Moorland Road, Indian Queens |
St Columb |
Cornwall |
TR9 6FB |
Barley Sheaf LLP (Registered number: OC325493) |
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Balance Sheet |
31 March 2022 |
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31.3.22 | 31.3.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
319,357 |
310,040 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
343,873 |
334,556 |
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MEMBERS' OTHER INTERESTS |
Revaluation reserve | 7 | ( |
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319,357 | 310,040 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 343,873 | 334,556 |
Members' other interests | (24,516 | ) | (24,516 | ) |
319,357 | 310,040 |
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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. |
Barley Sheaf LLP (Registered number: OC325493) |
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Balance Sheet - continued |
31 March 2022 |
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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 Income Statement 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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Barley Sheaf LLP (Registered number: OC325493) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
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1. | STATUTORY INFORMATION |
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Barley Sheaf LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Changes in accounting policies |
Following the revaluation of the property during the year it was determined that depreciating the property was no longer appropriate. The Partners will adopt a revaluation policy going forward. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 April 2021 |
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Disposals | ( |
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At 31 March 2022 |
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DEPRECIATION |
At 1 April 2021 |
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Charge for year |
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At 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 31 March 2021 |
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Barley Sheaf LLP (Registered number: OC325493) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Cost or valuation at 31 March 2022 is represented by: |
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Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2021 | (24,516 | ) | - | (24,516 | ) |
Cost | 420,350 | 86,154 | 506,504 |
395,834 | 86,154 | 481,988 |
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The Barley Sheaf property was revalued during 2021 at £400,000. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2021 |
and 31 March 2022 | ( |
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