REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Balliol Road Investments LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Balliol Road Investments LLP |
Balliol Road Investments LLP (Registered number: OC427587) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Report of the Members | 1 |
Chartered Accountants' Report | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Reconciliation of Members' Interests | 6 |
Notes to the Financial Statements | 8 |
Balliol Road Investments LLP (Registered number: OC427587) |
Report of the Members |
for the Year Ended 31 March 2023 |
The members present their report with the financial statements of the LLP for the year ended 31 March 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of Financial advisers. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £413,541 (2022 - £458,876 profit). |
MEMBERS' INTERESTS |
ON BEHALF OF THE MEMBERS: |
Designated member |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
Balliol Road Investments LLP |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Balliol Road Investments LLP for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the members of Balliol Road Investments LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Balliol Road Investments LLP and state those matters that we have agreed to state to the members of Balliol Road Investments LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Balliol Road Investments LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Balliol Road Investments LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Balliol Road Investments LLP. You consider that Balliol Road Investments LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Balliol Road Investments LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
2nd Floor, Heathmans House |
19 Heathmans Road |
London |
SW6 4TJ |
Date: ............................................. |
Balliol Road Investments LLP (Registered number: OC427587) |
Income Statement |
for the Year Ended 31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
414,085 | 460,254 |
Other operating income |
OPERATING PROFIT | 4 |
Interest payable and similar expenses |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
413,541 |
458,876 |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
413,541 |
458,876 |
Members' remuneration charged as an expense |
5 |
(413,541 |
) |
(458,876 |
) |
PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
Balliol Road Investments LLP (Registered number: OC427587) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
158,552 |
255,811 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
158,552 |
255,811 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 158,552 | 255,811 |
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. |
Balliol Road Investments LLP (Registered number: OC427587) |
Balance Sheet - continued |
31 March 2023 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Balliol Road Investments LLP (Registered number: OC427587) |
Reconciliation of Members' Interests |
for the Year Ended 31 March 2023 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 255,811 |
Amount due from members | - |
Balance at 1 April 2022 | - | 255,811 | 255,811 |
Members' remuneration charged as an expense, including employment and retirement benefit costs |
- |
413,541 |
413,541 |
Profit for the financial year available for discretionary division among members |
- |
- |
- |
Members' interests after profit for the year |
- |
669,352 |
669,352 |
Drawings on account and distributions of profit |
- |
(510,800 |
) |
(510,800 |
) |
Amount due to members | 158,552 |
Amount due from members | - |
Balance at 31 March 2023 | - | 158,552 | 158,552 |
Balliol Road Investments LLP (Registered number: OC427587) |
Reconciliation of Members' Interests |
for the Year Ended 31 March 2023 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 436,285 |
Amount due from members | - |
Balance at 1 April 2021 | - | 436,285 | 436,285 |
Members' remuneration charged as an expense, including employment and retirement benefit costs |
- |
458,876 |
458,876 |
Profit for the financial year available for discretionary division among members |
- |
- |
- |
Members' interests after profit for the year |
- |
895,161 |
895,161 |
Drawings on account and distributions of profit |
- |
(639,350 |
) |
(639,350 |
) |
Amount due to members | 255,811 |
Amount due from members | - |
Balance at 31 March 2022 | - | 255,811 | 255,811 |
Balliol Road Investments LLP (Registered number: OC427587) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Balliol Road Investments LLP is a limited liability partnership registered in England and Wales. The partnership's registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, London, England, SW6 4TJ. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements. |
Turnover |
Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year. |
Tangible fixed assets |
Plant and machinery etc | - |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
31.3.23 | 31.3.22 |
£ | £ |
Depreciation - owned assets |
5. | INFORMATION IN RELATION TO MEMBERS |
31.3.23 | 31.3.22 |
£ | £ |
Members' remuneration charged as an expense |
Partners' salaries | 413,541 | 458,876 |
Balliol Road Investments LLP (Registered number: OC427587) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
6. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
All amounts due to Members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to Members', are payable on demand and rank below unsecured creditors i.e member's debt are subordinated to other creditors. |