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Unaudited Financial Statements for the Year Ended 31 March 2020 |
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L&R BATH 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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L&R BATH LLP |
L&R BATH LLP (Registered number: OC403821) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2020 |
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Page |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 5 |
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L&R BATH 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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3rd Floor |
Colston Tower |
Colston Street |
Bristol |
BS1 4XE |
L&R BATH LLP (Registered number: OC403821) |
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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 |
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 |
and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
460,665 |
413,063 |
L&R BATH LLP (Registered number: OC403821) |
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Balance Sheet - continued |
31 March 2020 |
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31.3.20 | 31.3.19 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE
TO MEMBERS |
7 |
412,563 |
344,123 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 500 | 500 |
Other reserves |
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460,665 | 413,063 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to
members |
7 |
412,563 |
344,123 |
Members' other interests | 48,102 | 68,940 |
460,665 | 413,063 |
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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. |
L&R BATH LLP (Registered number: OC403821) |
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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
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L&R BATH LLP (Registered number: OC403821) |
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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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L&R BATH 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 the amounts recoverable for the services provided to clients, excluding |
value added tax, under contractual obligations which are performed gradually over time. |
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If, at the Balance sheet date, completion of contractual obligations is dependent on external |
factors (and thus outside the control of the Limited Liability Partnership), then revenue is |
recognised only when the event occurs. In such cases, costs incurred up to the Balance |
sheet date are carried forward as work in progress. |
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Tangible fixed assets |
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Computer equipment | - |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over |
the period of the lease. |
L&R BATH LLP (Registered number: OC403821) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Members' participating interests |
Members' participation rights are the rights of members against the LLP that arise under the |
Members' Agreement (for example, in respect of amount subscribed or otherwise |
contributed remuneration and profits). |
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Members' participation rights in the earnings of assets of the LLP are analysed between |
those that are, from the LLP's perspective, either a financial liability or equity, in accordance |
with section 22 of FRS 102. A member's participation rights including amounts subscribed or |
otherwise contributed by members, for example members' capital, are classed as liabilities |
unless the LLP has an unconditional right to refuse payment to members, in which case they |
are classified as equity. |
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All amounts due to members that are classified as liabilities are presented within 'Loans and |
other debts due to members' and, where such am amount relates to current year profits, |
they are recognised within 'Member' remuneration charged as an expense' in arriving at the |
relevant year's result. Undivided amounts that are classified as equity are shown within |
'Members' other interests.Amounts recoverable from members are presented as debtors and |
shown as amounts due from members within members interests. |
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Where there exists an asset and liability component in respect of an individual member's |
participation rights, they are presented on a gross basis unless the LLP has both a legally |
enforceable right to set off the recognised amounts, and it intends either to settle on a net |
basis or to settle and realise these amounts simultaneously, in which case they are |
presented net. |
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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 |
Computer |
equipment |
£ |
COST |
At 1 April 2019 |
and 31 March 2020 |
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DEPRECIATION |
At 1 April 2019 |
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Charge for year |
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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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L&R BATH LLP (Registered number: OC403821) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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5. | DEBTORS |
31.3.20 | 31.3.19 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.3.20 | 31.3.19 |
£ | £ |
Loans from members | 200,000 | 200,000 |
Amounts owed to members in respect of profits | 212,563 | 144,123 |
412,563 | 344,123 |
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Falling due within one year | 212,563 | 144,123 |
Falling due after more than one year | 200,000 | 200,000 |
412,563 | 344,123 |
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In the event of a winding up the amounts included in "Loans and other debts due to |
members" will rank equally with unsecured creditors. |