REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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23 FEBRUARY 2017 TO 28 FEBRUARY 2018 |
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FOR |
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10 DENHAM STREET 2.0 LLP |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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23 FEBRUARY 2017 TO 28 FEBRUARY 2018 |
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FOR |
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10 DENHAM STREET 2.0 LLP |
10 DENHAM STREET 2.0 LLP (REGISTERED NUMBER: OC416070) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 FEBRUARY 2017 TO 28 FEBRUARY 2018 |
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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 | 3 |
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10 DENHAM STREET 2.0 LLP |
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GENERAL INFORMATION |
FOR THE PERIOD 23 FEBRUARY 2017 TO 28 FEBRUARY 2018 |
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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 |
First Floor, Winston House |
349 Regents Park Road |
London |
N3 1DH |
10 DENHAM STREET 2.0 LLP (REGISTERED NUMBER: OC416070) |
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BALANCE SHEET |
28 FEBRUARY 2018 |
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Notes | £ |
CURRENT ASSETS |
Stocks |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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and |
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS |
(7,420 |
) |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
- |
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MEMBERS' OTHER INTERESTS |
Other reserves | ( |
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(7,420 | ) |
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TOTAL MEMBERS' INTERESTS |
Members' other interests | (7,420 | ) |
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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. |
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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 Profit and Loss Account has not been delivered. |
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The financial statements were approved by the members of the LLP on
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10 DENHAM STREET 2.0 LLP (REGISTERED NUMBER: OC416070) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 FEBRUARY 2017 TO 28 FEBRUARY 2018 |
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1. | STATUTORY INFORMATION |
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10 Denham Street 2.0 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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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
bringing stocks to their present location and condition. |
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Financial instruments |
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets |
and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related |
parties and investments in non-puttable ordinary shares. |
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Financial assets that are measured at amortised cost are assessed at the end of each reporting period for |
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised |
in the Profit and loss account. |
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For financial assets measured at amortised cost, the impairment loss is measured as the difference between an |
asset's carrying amount and the present value of estimated cash flows discounted at the asset's carrying amount |
and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a |
financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current |
effective interest rate determined under the contract. |
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For financial assets measured at cost less impairment, the impairment loss is measured as the difference between |
an asset's carrying amount and best estimate of the recoverable amount, which is an approximate of the amount |
that the LLP would receive for the asset if it were to be sold at the balance sheet date. |
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Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an |
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise |
and settle the liability simultaneously. |
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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. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the period was NIL. |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
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5. | RELATED PARTY DISCLOSURES |
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Other creditors include a balance at the year end of £16,020, due to a company under common control. |
10 DENHAM STREET 2.0 LLP (REGISTERED NUMBER: OC416070) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 FEBRUARY 2017 TO 28 FEBRUARY 2018 |
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6. | GOING CONCERN |
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The balance sheet at the end of the year recorded net current liabilities. |
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However, the director believes sufficient financial resources are available to the company to enable it to continue |
trading into the foreseeable future. |
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Therefore, the financial statements have been prepared on a going concern basis. |