Wulstan Capital (Hucknall) LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC397070 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2019

FOR

WULSTAN CAPITAL (HUCKNALL) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J R D Anton

R E Jones

I Martin

Topmead Limited

O R Wells

REGISTERED OFFICE:

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

West Midlands

CV3 2UB

REGISTERED NUMBER:

OC397070 (England and Wales)

ACCOUNTANTS:

Dafferns LLP

Chartered Accountants

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Investment property

3

955,754

950,000

CURRENT ASSETS

Debtors

4

659

17,159

Cash at bank

15,730

5,429

16,389

22,588

CREDITORS

Amounts falling due within one year

5

15,367

15,812

NET CURRENT ASSETS

1,022

6,776

TOTAL ASSETS LESS CURRENT LIABILITIES

956,776

956,776

CREDITORS

Amounts falling due after more than one year

6

472,170

472,170

NET ASSETS ATTRIBUTABLE TO MEMBERS

484,606

484,606

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

8,282

8,282

MEMBERS' OTHER INTERESTS

Capital accounts

437,000

437,000

Revaluation reserve

8

39,324

39,324

484,606

484,606

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

8,282

8,282

Members' other interests

476,324

476,324

484,606

484,606

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5 April 2019.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 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 small LLPs.

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 on 24 July 2019 and were signed by:

R E Jones - Designated member

1.	STATUTORY INFORMATION

Wulstan Capital (Hucknall) LLP is registered in England and Wales. The LLP's registered number and

registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2018

950,000

Additions

5,754

At 5 April 2019

955,754

NET BOOK VALUE

At 5 April 2019

955,754

At 5 April 2018

950,000

Fair value at 5 April 2019 is represented by:

£

Valuation in 2018

39,324

Cost

916,430

955,754

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

16,500

Other debtors

659

659

659

17,159

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

2,480

2,574

Other creditors

12,887

13,238

15,367

15,812

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

472,170

472,170

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members'

capital classified as debt) would rank pari passu with other creditors who are unsecured. There is no

protection afforded to creditors in such an event which is legally enforceable and cannot be revoked

solely by a decision of the members.

There are no such restrictions or limitations existing on the ability of the members to reduce the

amount of 'Members ' other interests'.

8.

RESERVES

Revaluation

reserve

£

At 6 April 2018

and 5 April 2019

39,324