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REGISTERED NUMBER:
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AVALON TECHNOLOGY GROUP LLP |
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Financial Statements |
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for the period |
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25 November 2019 to 30 November 2020 |
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REGISTERED NUMBER:
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AVALON TECHNOLOGY GROUP LLP |
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Financial Statements |
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for the period |
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25 November 2019 to 30 November 2020 |
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AVALON TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC429772) |
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Contents of the Financial Statements |
for the period 25 November 2019 to 30 November 2020 |
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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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AVALON TECHNOLOGY GROUP LLP |
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General Information |
for the period 25 November 2019 to 30 November 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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Chartered Accountants |
2 Highlands Court |
Cranmore Avenue |
Solihull |
West Midlands |
B90 4LE |
AVALON TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC429772) |
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Balance Sheet |
30 November 2020 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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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 |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
108,219 |
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LOANS AND OTHER DEBTS DUE
TO MEMBERS |
8 |
108,219 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 108,219 |
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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. |
AVALON TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC429772) |
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Balance Sheet - continued |
30 November 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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AVALON TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC429772) |
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Notes to the Financial Statements |
for the period 25 November 2019 to 30 November 2020 |
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1. | STATUTORY INFORMATION |
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Avalon Technology Group 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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Plant and machinery etc | - |
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Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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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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. |
AVALON TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC429772) |
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Notes to the Financial Statements - continued |
for the period 25 November 2019 to 30 November 2020 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
Additions |
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Disposals | ( |
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At 30 November 2020 |
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DEPRECIATION |
Charge for period |
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Eliminated on disposal | ( |
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At 30 November 2020 |
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NET BOOK VALUE |
At 30 November 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
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Bank Loans | 50,000 |
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Amounts falling due in more than 5 years: |
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Repayable by instalments |
Bank loan more than 5 years by instalments | 50,000 |
AVALON TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC429772) |
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Notes to the Financial Statements - continued |
for the period 25 November 2019 to 30 November 2020 |
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8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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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. |
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9. | OTHER FINANCIAL COMMITMENTS |
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Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £7,365. |