REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Greenman Investments LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Greenman Investments LLP |
Greenman Investments LLP (Registered number: OC391738) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Greenman Investments LLP |
General Information |
for the Year Ended 31 March 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Level 7, Tower 12, |
18-22 Bridge Street, |
Spinningfields, |
Manchester |
M3 3BZ |
Greenman Investments LLP (Registered number: OC391738) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,469,562 |
1,469,562 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
11 |
1,469,562 |
1,469,562 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 11 | 1,469,562 | 1,469,562 |
Amounts due from members | 7 | (839,084 | ) | (52,770 | ) |
630,478 | 1,416,792 |
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) |
Balance Sheet - continued |
31 March 2023 |
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 |
Greenman Investments LLP (Registered number: OC391738) |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
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. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
Greenman Investments LLP (Registered number: OC391738) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31 March 2023 |
AMORTISATION |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2022 |
Additions |
Disposals | ( |
) |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Greenman Investments LLP (Registered number: OC391738) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
Charge for year | 26 |
At 31 March 2023 | 26 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
7. | DEBTORS |
31.3.23 | 31.3.22 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans |
Other creditors |
Greenman Investments LLP (Registered number: OC391738) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans |
The bank loan of £552,000 is secured against the Investment property. |
11. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Members only take drawings where cash is available and other creditors are not adversely affected. |
12. | RELATED PARTY DISCLOSURES |
During the year the LLP charged rent totalling £68,400 (2022: £68,400) 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 £67,176 (2022: £7,489 debtor)) owed to the company by the LLP. |
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 £54,650 (2022: £31,827). |
At the balance sheet date there was an amount of £57 (2022: £Nil) due from Boobydoo Limited, a company owned by the directors. |
At the balance sheet date there was an amount of £448 (2022: £350) due from Henmores Lifestyle Limited, a company owned by the directors. |
At the balance sheet date there was an amount of £117 (2022: £400) due from Little Trekkers Limited, a company owned by the directors. |
At the balance sheet date there was an amount of £196,298 (2022: £138,963) due to Young Ideas Group Limited, a company owned by the directors. |
A charge of £96,000 (2022: £69,000) was made to the LLP during the year in respect of management services provided by Mr C V Wright. |
13. | ULTIMATE CONTROLLING PARTY |
The LLP is controlled by the members. |