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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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66 ROKESLY AVENUE LLP |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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FOR |
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66 ROKESLY AVENUE LLP |
66 ROKESLY AVENUE LLP (REGISTERED NUMBER: OC361913) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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General Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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66 ROKESLY AVENUE LLP |
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GENERAL INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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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 |
869 High Road |
London |
N12 8QA |
66 ROKESLY AVENUE LLP (REGISTERED NUMBER: OC361913) |
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STATEMENT OF FINANCIAL POSITION |
28 FEBRUARY 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
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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 |
369,229 |
369,616 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
369,229 |
369,616 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 369,229 | 369,616 |
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The members acknowledge their responsibilities for: |
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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. |
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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 on
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66 ROKESLY AVENUE LLP (REGISTERED NUMBER: OC361913) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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1. | STATUTORY INFORMATION |
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66 Rokesly Avenue 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 rent receivable net of value added tax. |
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Investment property |
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation is |
provided in respect of properties held as investments. This is a departure from the Companies Act 2006 which |
requires all properties to be depreciated. Such properties are held for investment and not for consumption and |
the members consider that to depreciate them would not give a true and fair view. |
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Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the |
amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. |
The members consider that this policy results in the accounts giving a true and fair view. |
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3. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 March 2016 |
and 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 29 February 2016 |
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Cost or valuation at 28 February 2017 is represented by: |
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£ |
Valuation in 2013 | 62,597 |
Valuation in 2014 | 59,845 |
Valuation in 2016 | 22,500 |
Cost | 217,558 |
362,500 |
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If investment property had not been revalued it would have been included at the following historical cost: |
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2017 | 2016 |
£ | £ |
Cost | 217,558 | 217,558 |
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Investment Property was valued on an open market basis on 28 February 2016 by the LLP members . |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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66 ROKESLY AVENUE LLP (REGISTERED NUMBER: OC361913) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
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Accrued expenses |
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6. | RELATED PARTY DISCLOSURES |
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Included in debtors recoverable within one year is a balance of £616 (2015: £1.059) due from Peter Brown & Co |
LLP, an entity in which the LLP member, Mr PI Brown, is also a member. |
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