Registered No. OC388556 (England and Wales)
Bywater Properties Investment Management LLP
Unaudited accounts
for the year ended 31 March 2022
Bywater Properties Investment Management LLP
LLP Information
for the year ended 31 March 2022
Designated members
Bywater Properties Limited
Moraira Properties Limited
Registered Number
OC388556 (England and Wales)
Registered Office
Accounts and Legal Consultants
Suite 1 -3 , The Hop Exchange
London
London
SE1 1TY
United Kingdom
Accountants
Accounts and Legal Consultants Limited
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Bywater Properties Investment Management LLP
Statement of financial position
as at
31 March 2022
Cash at bank and in hand
6,841
109,199
Creditors: amounts falling due within one year
(316,838)
(23,720)
Net current assets
434,717
440,889
Total assets less current liabilities
434,817
443,671
Creditors: amounts falling due after more than one year
(246,666)
(267,173)
Net assets attributable to members
188,151
176,498
Loans and other debts due to members
(1,512,128)
(1,512,128)
Other reserves
1,700,279
1,688,626
Loans and other debts due to members
(1,512,128)
(1,512,128)
Members' other interests
1,700,279
1,688,626
For the year ending 31 March 2022 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 16 December 2022.
Corineus Capital Limited
Designated member
Limited Liability Partnership Registration No. OC388556
Bywater Properties Investment Management LLP
Notes to the Accounts
for the year ended 31 March 2022
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% straight line basis
Plant & machinery
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Bywater Properties Investment Management LLP is a limited liability partnership, incorporated in England and Wales, registration number OC388556. Its registered office is Accounts and Legal Consultants, Suite 1 -3 , The Hop Exchange, London, London, SE1 1TY, United Kingdom.
Bywater Properties Investment Management LLP
Notes to the Accounts
for the year ended 31 March 2022
3
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
19,168
13,518
8,137
40,823
At 31 March 2022
19,168
13,518
8,137
40,823
At 1 April 2021
18,209
12,449
7,483
38,141
Charge for the year
959
1,069
654
2,682
At 31 March 2022
19,168
13,518
8,137
40,823
At 31 March 2021
959
1,069
654
2,682
4
Investments
Other investments
5
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
217,505
-
Trade creditors
38,772
14,843
Taxes and social security costs
9,520
8,370
6
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
246,666
267,173
7
Loans and other debts due to members
2022
2021
Amounts due to members in respect of profits
(1,512,128)
(1,512,128)
Amounts falling due within one year
(1,512,128)
(1,512,128)
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
8
Average number of employees
During the year the average number of employees was 2 (2021: 3).