Registration number:
Zebra Realisations LLP
for the Year Ended 30 September 2023
Zebra Realisations LLP
Contents
Limited liability partnership information |
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Members' Report |
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Financial Statements |
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Balance Sheet |
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Statement of Changes in Members’ Interests |
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Notes to the Financial Statements |
Zebra Realisations LLP
Limited liability partnership information
Designated members |
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Members |
Mrs E G Mackay Mr N H Cooper Ms D Hughes Mr F J Gray Mr G J Smith |
Registered office |
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Zebra Realisations LLP
Members' Report for the Year Ended 30 September 2023
The members present their report and the unaudited financial statements for the year ended 30 September 2023.
Designated members
The members who held office during the year were as follows:
Members' drawings and the subscription and repayment of members' capital
The Firm's business was sold in February 2015 and the members decided that the LLP will be wound up. Distributions are made in line with agreements made at the time that the business was disposed of.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to limited liability partnerships.
Approved by the
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Zebra Realisations LLP
(Registration number: OC340361)
Balance Sheet as at 30 September 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
- |
|
|
Cash and short-term deposits |
|
|
|
|
|
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets attributable to members |
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|
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Represented by: |
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Loans and other debts due to members |
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Members' capital classified as a liability |
273,215 |
273,215 |
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Members’ other interests |
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Other reserves |
( |
( |
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1,294 |
14,117 |
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Total members' interests |
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Loans and other debts due to members |
273,215 |
273,215 |
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Equity |
( |
( |
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1,294 |
14,117 |
For the year ending 30 September 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.
Zebra Realisations LLP
(Registration number: OC340361)
Balance Sheet as at 30 September 2023 (continued)
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of Zebra Realisations LLP (registered number OC340361) were approved by the
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Zebra Realisations LLP
Statement of Changes in Members’ Interests
At 30 September 2023
Equity |
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Members' capital |
Other reserves |
Total |
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Members' interest at 1 October 2022 |
273,215 |
(259,098) |
14,117 |
Loss for the financial year available for discretionary division among members |
- |
(11,982) |
(11,982) |
Members' interests after loss for the year |
273,215 |
(271,080) |
2,135 |
Drawings |
- |
(841) |
(841) |
At 30 September 2023 |
273,215 |
(271,921) |
1,294 |
Equity |
|||
Members' capital |
Other reserves |
Total |
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Members' interest at 30 September 2021 as previously stated |
205,351 |
(180,122) |
25,229 |
Loss for the financial year available for discretionary division among members |
- |
(35,190) |
(35,190) |
Members' interests after loss for the year |
205,351 |
(215,312) |
(9,961) |
Members’ capital introduced |
67,864 |
- |
67,864 |
Drawings |
- |
(43,786) |
(43,786) |
At 30 September 2022 |
273,215 |
(259,098) |
14,117 |
Zebra Realisations LLP
Notes to the Financial Statements for the Year Ended 30 September 2023
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership's operations and its principal activities are given in the members' report.
Zebra Realisations LLP is exempt from preparing group accounts as it is a small group. These financial statements are in respect of Zebra Realisations LLP only and, as the Firm’s business was sold in February 2015 and the LLP is to be wound up in the near future, these financial statements have been prepared using a break up basis, except that as disclosed in the accounting policies certain items are shown at fair value.
Members' remuneration and division of profits
Profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.
Foreign currency
Taxation
The taxation payable on the partnership's profits is the personal liability of the members, Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements.
Zebra Realisations LLP
Notes to the Financial Statements for the Year Ended 30 September 2023 (continued)
1 |
Accounting policies (continued) |
Fixed asset investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Financial instruments
Classification
Financial instruments are classified and accounted for to reflect the substance of the contractual arrangements, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.
Recognition and Measurement
Financial instruments are classified as either "basic" or "other" in accordance with FRS 102 Section 11 "Basic Financial Instruments". At the end of each reporting period, debt instruments classified as basic are measured at amortised cost using the effective interest rate method. All of the LLP's financial instruments are classified as "basic" in accordance with FRS 102 Section 11.
Impairment of financial assets
In the limited liability partnership balance sheet, investments in subsidiaries and associates are measured at cost less impairment.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
Zebra Realisations LLP
Notes to the Financial Statements for the Year Ended 30 September 2023 (continued)
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
Investments held as fixed assets |
2023 |
Shares in group undertakings and participating interests
Subsidiary undertakings |
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At 30 September 2023 |
- |
At 30 September 2022 |
- |
Other investments
Unlisted investments |
Total |
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Cost |
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At 1 October 2022 |
254,997 |
254,997 |
At 30 September 2023 |
254,997 |
254,997 |
Provision for impairment |
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At 1 October 2022 |
254,997 |
254,997 |
At 30 September 2023 |
254,997 |
254,997 |
Net book value |
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At 30 September 2023 |
- |
- |
At 30 September 2022 |
- |
- |
Zebra Realisations LLP
Notes to the Financial Statements for the Year Ended 30 September 2023 (continued)
Debtors |
2023 |
2022 |
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Other debtors |
- |
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Total current trade and other debtors |
- |
4,950 |
Creditors: Amounts falling due within one year |
2023 |
2022 |
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Accruals and deferred income |
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Control |
The members are the controlling party by virtue of their controlling interest in the limited liability partnership. There is no ultimate controlling party.