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REPORT OF THE MEMBERS AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 |
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WYCHERLEY PROPERTIES LLP |
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REGISTERED NUMBER:
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REPORT OF THE MEMBERS AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 |
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WYCHERLEY PROPERTIES LLP |
WYCHERLEY PROPERTIES LLP (REGISTERED NUMBER: OC340359) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2021 |
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General Information | 1 |
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Report of the Members | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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WYCHERLEY PROPERTIES LLP |
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GENERAL INFORMATION |
for the Year Ended 31 March 2021 |
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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 |
Spring Court |
Spring Road |
Hale |
Altrincham |
Cheshire |
WA14 2UQ |
WYCHERLEY PROPERTIES LLP (REGISTERED NUMBER: OC340359) |
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REPORT OF THE MEMBERS |
for the Year Ended 31 March 2021 |
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The members present their report with the financial statements of the LLP for the year ended 31 March 2021. |
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PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of funding of investments. |
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DESIGNATED MEMBERS |
The designated members during the year under review were: |
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RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The loss for the year before members' remuneration and profit shares was £722 (2020 - £585 loss). |
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MEMBERS' INTERESTS |
Members' Capital |
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The basis on which Members are invited to subscribe for capital is set out in the Members' Agreement. There is no unconditional obligation on the LLP to repay capital unless instructed by the Members. |
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Details of Members' capital is set out in note nine to the financial statements. |
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The LLP has no formal policy as regards drawings. |
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Members' Profit Share |
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Wycherley Properties LLP does not have any Members whose remuneration is classed as an expense. |
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Profits/losses are allocated to Members in line with the agreed proportions as set out in the Members' Agreement. |
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ON BEHALF OF THE MEMBERS: |
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WYCHERLEY PROPERTIES LLP (REGISTERED NUMBER: OC340359) |
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INCOME STATEMENT |
for the Year Ended 31 March 2021 |
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31.3.21 | 31.3.20 |
£ | £ |
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TURNOVER |
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Administrative expenses |
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OPERATING LOSS | ( |
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Interest receivable and similar income |
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LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
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( |
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WYCHERLEY PROPERTIES LLP (REGISTERED NUMBER: OC340359) |
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BALANCE SHEET |
31 March 2021 |
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31.3.21 | 31.3.20 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
281,731 |
281,732 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
6 |
282,161 |
282,162 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 3 | 3 |
Other reserves | 7 | ( |
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281,731 | 281,732 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 282,161 | 282,162 |
Members' other interests | (430 | ) | (430 | ) |
Amounts due from members | 4 | (1,307 | ) | (585 | ) |
280,424 | 281,147 |
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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. |
WYCHERLEY PROPERTIES LLP (REGISTERED NUMBER: OC340359) |
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BALANCE SHEET - continued |
31 March 2021 |
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The financial statements were approved by the members of the LLP and authorised for issue on
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WYCHERLEY PROPERTIES LLP (REGISTERED NUMBER: OC340359) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2021 |
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1. | STATUTORY INFORMATION |
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Wycherley Properties 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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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2020 - NIL). |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.21 | 31.3.20 |
£ | £ |
Amounts due from members | 1,307 | 585 |
Owed by related parties | 271,567 | 271,017 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.21 | 31.3.20 |
£ | £ |
Accrued expenses |
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6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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In the case of a winding up, the amounts due to members would be settled after other third party creditors. |
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7. | RESERVES |
Other |
reserves |
£ |
At 1 April 2020 | ( |
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At 31 March 2021 | ( |
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WYCHERLEY PROPERTIES LLP (REGISTERED NUMBER: OC340359) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2021 |
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8. | RELATED PARTY DISCLOSURES |
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Included in debtors at the year end are amounts owed by the following related companies: |
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2021 | 2020 |
£ | £ |
Mannings Lane Developments Limited | 271,567 | 266,017 |
ESPA Property Trading LLP | - | 5,000 |
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271,567 | 271,017 |
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9. | ULTIMATE CONTROLLING PARTY |
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The LLP is controlled by Mr C R Topham by virtue of his majority interest. |