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Unaudited Financial Statements for the Year Ended 31 March 2020 |
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The Perella Partnership LLP |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2020 |
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The Perella Partnership LLP |
The Perella Partnership LLP (Registered number: OC350985) |
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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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The Perella Partnership 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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Chartered Accountants |
Gowran House |
56 Broad Street |
Chipping Sodbury |
Bristol |
BS37 6AG |
The Perella Partnership LLP (Registered number: OC350985) |
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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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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
1,357,373 |
1,332,088 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
7 |
1,357,373 |
1,332,088 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 1,357,373 | 1,332,088 |
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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. |
The Perella Partnership LLP (Registered number: OC350985) |
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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
signed by: |
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The Perella Partnership LLP (Registered number: OC350985) |
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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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The Perella Partnership 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 represents rental income receivable. |
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Tangible fixed assets |
No depreciation has been provided against the freehold/long leasehold property as it is considered that market |
value considerably exceeds cost. |
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Depreciation has been fully provided on furniture in previous years. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Freehold/long |
leasehold |
prop | Furniture | Totals |
£ | £ | £ |
COST |
At 1 April 2019 |
and 31 March 2020 |
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DEPRECIATION |
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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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Bank loans and overdrafts |
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Accrued expenses |
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The Perella Partnership LLP (Registered number: OC350985) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Bank loans 1 - 5 years | 400,000 | 400,000 |
Bank loans more 5 yr by instal |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 1,296,558 | 1,374,306 |
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The bank loans are secured by first charge against the freehold/long leasehold property. |
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7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.3.20 | 31.3.19 |
£ | £ |
Amounts owed to members in respect of profits | 1,357,373 | 1,332,088 |
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Falling due within one year | 1,357,373 | 1,332,088 |
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The amounts due to members rank after all amounts owed to creditors. |