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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2020 |
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NORTHERN COUNTIES LLP |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2020 |
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FOR |
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NORTHERN COUNTIES LLP |
NORTHERN COUNTIES LLP (REGISTERED NUMBER: OC340977) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2020 |
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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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NORTHERN COUNTIES LLP |
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GENERAL INFORMATION |
for the Year Ended 31 March 2020 |
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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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511 Durham Road |
Low Fell |
Gateshead |
Tyne and Wear |
NE9 5EY |
NORTHERN COUNTIES LLP (REGISTERED NUMBER: OC340977) |
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BALANCE SHEET |
31 March 2020 |
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31/3/20 | 31/3/19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
1,784,638 |
1,699,090 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
8 |
1,784,638 |
1,699,090 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 1,784,638 | 1,699,090 |
Amounts due from members | 6 | (798,254 | ) | (904,698 | ) |
986,384 | 794,392 |
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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. |
NORTHERN COUNTIES LLP (REGISTERED NUMBER: OC340977) |
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BALANCE SHEET - continued |
31 March 2020 |
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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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NORTHERN COUNTIES LLP (REGISTERED NUMBER: OC340977) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2020 |
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1. | STATUTORY INFORMATION |
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Northern Counties 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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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investments in associates |
Investments in associate undertakings are recognised at cost. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was
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NORTHERN COUNTIES LLP (REGISTERED NUMBER: OC340977) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2020 |
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4. | TANGIBLE FIXED ASSETS |
Furniture |
and | Motor |
equipment | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2019 |
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Additions |
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Disposals | ( |
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At 31 March 2020 |
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DEPRECIATION |
At 1 April 2019 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
undertakings |
£ |
COST |
At 1 April 2019 |
and 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/20 | 31/3/19 |
£ | £ |
Insurance broking |
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Amounts owed by group undertakings |
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Amounts due from members | 798,254 | 904,698 |
Other debtors |
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Prepayments |
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NORTHERN COUNTIES LLP (REGISTERED NUMBER: OC340977) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2020 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/20 | 31/3/19 |
£ | £ |
Social security and other taxes |
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Accrued expenses |
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8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31/3/20 | 31/3/19 |
£ | £ |
Amounts owed to members in respect of profits | 1,784,638 | 1,699,090 |
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Falling due within one year | 1,784,638 | 1,699,090 |
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Loan and other debts due to members' (other than members' capital classified as debt) rank equally with in relation to other creditors. |
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9. | RELATED PARTY DISCLOSURES |
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The LLP took over the business from Northern Counties Guarantee Corporation Limited who is one of the designated members. The company has a first charge on profits. |
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Mr D Belgian, Mrs C Belgian and Mr P Belgian are directors of Northern Counties Gurantee Corporation. The company is controlled by Mr D and Mrs C Belgian. |