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Unaudited Financial Statements for the Year Ended 31 March 2020 |
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Greenman Investments 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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for |
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Greenman Investments LLP |
Greenman Investments LLP (Registered number: OC391738) |
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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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Greenman Investments 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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Level 7, Tower 12, |
18-22 Bridge Street, |
Spinningfields, |
Manchester |
M3 3BZ |
Greenman Investments LLP (Registered number: OC391738) |
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Balance Sheet |
31 March 2020 |
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31.3.20 | 31.3.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
1,572,073 |
1,599,821 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
9 |
1,572,071 |
1,599,819 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 2 | 2 |
1,572,073 | 1,599,821 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 1,572,071 | 1,599,819 |
Members' other interests | 2 | 2 |
1,572,073 | 1,599,821 |
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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. |
Greenman Investments LLP (Registered number: OC391738) |
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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
were signed by: |
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Greenman Investments LLP (Registered number: OC391738) |
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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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Greenman 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. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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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. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2019 |
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Additions |
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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. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Trade creditors |
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Other creditors |
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Greenman Investments LLP (Registered number: OC391738) |
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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 AFTER MORE THAN ONE
YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Bank loans |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.20 | 31.3.19 |
£ | £ |
Bank loans |
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The bank loan of £600,000 is secured against the Investment property. |
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9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Members only take drawings where cash is available and other creditors are not adversely affected. |
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10. | RELATED PARTY DISCLOSURES |
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During the year the LLP charged rent totalling £70,877 (2019: £83,260) to Young Ideas Limited, a company in |
which Mr C V Wright and Mrs A A Wright are directors and whose parent undertaking is owned by the |
members. At the balance sheet date there was an amount of £6,210 (2019: £12,878) owed to the LLP by the |
company. |
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The LLP rents its property from City Private Pension - MHPP1419, a Self Invested Pension Plan (SIPP) whose |
beneficiaries are Mr C V Wright and Mrs A A Wright. During the year rent charged totalled £35,673 (2019: |
£35,000). At the balance sheet date £42,060 (2019: £88,038) was due to the LLP by the SIPP. |
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During the year the LLP charged rent totalling £43,920 (2019: £43,920) to Boobydoo Limited, a company in |
which Mr C V Wright and Mrs A A Wright are directors and whose parent undertaking is owned by the |
members. At the balance sheet date there was an amount of £4,392 (2019: £7,320) owed to the LLP by the |
company. |
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At the balance sheet date there was an amount of £Nil (2019: 32,000) owed to the LLP by Natures Supplements |
Limited, a company in which Mr C V Wright and Mrs A A Wright are directors and whose parent undertaking is |
owned by the members. |
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At the balance sheet date there was an amount of £5,081 (2019: £118,081) due from Young Ideas Group |
Limited, a company owned by the directors. |
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At the balance sheet date there was an amount of £28,813 (2019: £12,600) due from The Old Brewery |
(Ashbourne) Limited, a company in which Mr C V Wright and Mrs A A Wright are directors. |
During the year the LLP also charged rent of £86,250 (2019: £31,250) to the company. |
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At the balance sheet date there was an amount of £Nil (2019: £1,240) due to Henmores Limited, a company in |
which Mr C V Wright and Mrs A A Wright are directors and whose parent undertaking is owned by the members |
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A charge of £36,000 (2019: £15,000) was made to the LLP during the year in respect of management services |
provided by Mr C V Wright. |
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11. | ULTIMATE CONTROLLING PARTY |
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The LLP is controlled by the members. |