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Unaudited Financial Statements for the Year Ended 5 April 2018 |
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Inverclyde Property Renovation LLP |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 5 April 2018 |
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Inverclyde Property Renovation LLP |
Inverclyde Property Renovation LLP (Registered number: SO304234) |
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Contents of the Financial Statements |
for the Year Ended 5 April 2018 |
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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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Inverclyde Property Renovation LLP |
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General Information |
for the Year Ended 5 April 2018 |
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DESIGNATED MEMBERS: |
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P Griffiths |
V Gray |
Sir S G Redgrave |
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Inverclyde Renovation Limited |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Valhalla House |
30 Ashby Road |
Tove Valley Business Park |
Towcester |
Northamptonshire |
NN12 6PG |
Inverclyde Property Renovation LLP (Registered number: SO304234) |
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Balance Sheet |
5 April 2018 |
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5.4.18 | 5.4.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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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 | 6 |
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NET ASSETS ATTRIBUTABLE TO MEMBERS | 1,190,964 | 1,189,352 |
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LOANS AND OTHER DEBTS DUE TO MEMBERS | 7 | 1,172,739 | 1,171,127 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 18,225 | 18,225 |
1,190,964 | 1,189,352 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 1,172,739 | 1,171,127 |
Members' other interests | 18,225 | 18,225 |
1,190,964 | 1,189,352 |
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The members acknowledge their responsibilities for: |
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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 |
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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 Income Statement has not been delivered. |
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The financial statements were approved by the members of the LLP on
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Inverclyde Property Renovation LLP (Registered number: SO304234) |
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Notes to the Financial Statements |
for the Year Ended 5 April 2018 |
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1. | STATUTORY INFORMATION |
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Inverclyde Property Renovation LLP is registered in Scotland. 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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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. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST |
At 6 April 2017 |
and 5 April 2018 |
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NET BOOK VALUE |
At 5 April 2018 |
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At 5 April 2017 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.18 | 5.4.17 |
£ | £ |
Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.18 | 5.4.17 |
£ | £ |
Taxation and social security |
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Other creditors |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
5.4.18 | 5.4.17 |
£ | £ |
Other creditors |
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7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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This is a small LLP and we wish to take options and exemptions from disclosure requirements. |
Inverclyde Property Renovation LLP (Registered number: SO304234) |
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Notes to the Financial Statements - continued |
for the Year Ended 5 April 2018 |
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8. | CHARGES REGISTERED |
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There are two charges registered for the company. |
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Firstly, an assignation of rents in favour of Inverclyde Council for which obligations under the facility agreement are secured; in particular |
rent and all monies receivable by the chargee as landlord under a lease by way of rent. |
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Secondly, a floating charge in favour of Inverclyde Council for which obligations under the facility agreement are secured by way of |
undertaking and all property and assets present and future, including uncalled capital. There are restricting provisions under this floating |
charge in that companies are expressly prohibited from creating fixed securities having priority over or ranking equally with the floating |
charge. |