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Unaudited Financial Statements for the Year Ended 31st March 2022 |
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Kaushal Partnership LLP |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31st March 2022 |
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Kaushal Partnership LLP |
Kaushal Partnership LLP (Registered number: OC427491) |
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Contents of the Financial Statements |
for the Year Ended 31st March 2022 |
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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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Kaushal Partnership LLP |
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General Information |
for the Year Ended 31st March 2022 |
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DESIGNATED MEMBERS: |
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Mrs A Kaushal |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Biz Hub Tees Valley |
Belasis Hall Technology Park |
Coxwold Way |
Billingham |
Co. Durham |
TS23 4EA |
Kaushal Partnership LLP (Registered number: OC427491) |
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Balance Sheet |
31st March 2022 |
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2022 | 2021 |
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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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 6 | ( |
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NET ASSETS ATTRIBUTABLE TO MEMBERS | 4,523,156 | 4,160,720 |
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LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 4,523,156 | 4,160,720 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 4,523,156 | 4,160,720 |
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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. |
Kaushal Partnership LLP (Registered number: OC427491) |
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Balance Sheet - continued |
31st March 2022 |
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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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Kaushal Partnership LLP (Registered number: OC427491) |
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Notes to the Financial Statements |
for the Year Ended 31st March 2022 |
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1. | STATUTORY INFORMATION |
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Kaushal Partnership 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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TANGIBLE FIXED ASSETS |
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Land and buildings | - |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST OR VALUATION |
At 1st April 2021 |
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Additions |
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Revaluations |
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At 31st March 2022 |
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NET BOOK VALUE |
At 31st March 2022 |
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At 31st March 2021 |
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Kaushal Partnership LLP (Registered number: OC427491) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st March 2022 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Cost or valuation at 31st March 2022 is represented by: |
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Land and |
buildings |
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Valuation in 2021 | 154,000 |
Valuation in 2022 | 287,797 |
Cost | 6,418,203 |
6,860,000 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Other creditors |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2022 | 2021 |
£ | £ |
Mortgage | 2,476,210 | 2,470,505 |
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8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Members rank ahead of other creditors in a liquidation. |