REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 26 February 2021 to 31 March 2022 |
for |
Stig Properties (Kent) LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 26 February 2021 to 31 March 2022 |
for |
Stig Properties (Kent) LLP |
Stig Properties (Kent) LLP (Registered number: OC435722) |
Contents of the Financial Statements |
for the Period 26 February 2021 to 31 March 2022 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Stig Properties (Kent) LLP |
General Information |
for the Period 26 February 2021 to 31 March 2022 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Stig Properties (Kent) LLP (Registered number: OC435722) |
Balance Sheet |
31 March 2022 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
972,636 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
972,636 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
8 |
972,636 |
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. |
Stig Properties (Kent) LLP (Registered number: OC435722) |
Balance Sheet - continued |
31 March 2022 |
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. |
The financial statements were approved by the members of the LLP and authorised for issue on |
Stig Properties (Kent) LLP (Registered number: OC435722) |
Notes to the Financial Statements |
for the Period 26 February 2021 to 31 March 2022 |
1. | STATUTORY INFORMATION |
Stig Properties (Kent) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL. |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to participating interests | 487,047 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans |
Stig Properties (Kent) LLP (Registered number: OC435722) |
Notes to the Financial Statements - continued |
for the Period 26 February 2021 to 31 March 2022 |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
£ |
Amounts owed to members in respect of profits | 972,636 |
Falling due within one year | 972,636 |
The capital element of member interest ranks behind that of all other creditors but loans due to members are secured on the assets of the company and therefore rank behind 1st charge mortgage holders and ahead of unsecured creditors. |