REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31st October 2022 |
|
for |
|
Crest Location Investments LLP |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31st October 2022 |
|
for |
|
Crest Location Investments LLP |
Crest Location Investments LLP (Registered number: OC349589) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the year ended 31st October 2022 |
|
|
|
|
Page |
|
General Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Crest Location Investments LLP |
|
General Information |
for the year ended 31st October 2022 |
|
|
|
|
|
|
|
DESIGNATED MEMBERS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Accountants and Tax Advisers |
2nd Floor |
Katherine House |
11 Wyllyotts Place |
Potters Bar |
Hertfordshire |
EN6 2JD |
Crest Location Investments LLP (Registered number: OC349589) |
|
Balance Sheet |
31st October 2022 |
|
31.10.22 | 31.10.21 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 4 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
21,611 |
56,961 |
|
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
5 |
11,611 |
46,961 |
|
MEMBERS' OTHER INTERESTS |
Capital accounts | 10,000 | 10,000 |
21,611 | 56,961 |
|
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 5 | 11,611 | 46,961 |
Members' other interests | 10,000 | 10,000 |
21,611 | 56,961 |
|
|
|
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. |
Crest Location Investments LLP (Registered number: OC349589) |
|
Balance Sheet - continued |
31st October 2022 |
|
|
|
|
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. |
|
The financial statements were approved by the members of the LLP and authorised for issue on
|
|
|
|
|
|
|
Crest Location Investments LLP (Registered number: OC349589) |
|
Notes to the Financial Statements |
for the year ended 31st October 2022 |
|
1. | STATUTORY INFORMATION |
|
Crest Location Investments 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 |
|
|
Turnover |
Turnover represents proceeds from the disposal of properties purchased for development and resale. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the LLP becomes a party to the contractual provisions of instrument. |
|
Basic financial assets |
Basic financial assets, which include trade and other receivables, cash and bank balances are initially measured at transaction price including transaction cost and are subsequently carried at amortised cost using the effective interest method. |
|
|
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of its liabilities. |
|
Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest. |
|
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
|
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
|
3. | EMPLOYEE INFORMATION |
|
The average number of employees during the year was NIL (2021 - NIL). |
|
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.22 | 31.10.21 |
£ | £ |
Amounts owed to participating interests | - | 127,118 |
Other creditors |
|
|
|
|
Crest Location Investments LLP (Registered number: OC349589) |
|
Notes to the Financial Statements - continued |
for the year ended 31st October 2022 |
|
5. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.10.22 | 31.10.21 |
£ | £ |
Amounts owed to members in respect of profits | 11,611 | 46,961 |
|
Falling due within one year | 11,611 | 46,961 |
|
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. |
There is no provision for specific legally enforceable protection afforded to creditors in such an event. |
There are no restrictions on limitations on the ability of the members to reduce the amount of 'Members' other interests. |
|
6. | RELATED PARTY DISCLOSURES |
|
Amounts owed to participating interests shown in creditors falling due within one year (Note 4), consist of a loan from Everguard Limited, a corporate member of the partnership. |
|
The balance on that loan as at balance sheet date stood at NIL (2021 £127,118). Interest at the rate of 4,4% per annum has been charged on this loan which is now repaid. |
|
The designated member, Mr A. Zacharia is a director and shareholder of Everguard Limited. |