Pinhoe Quarry LLP - Accounts to registrar (filleted) - small 18.2

PINHOE QUARRY

LIMITED LIABILITY PARTNERSHIP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Pinhoe Quarry Management Limited

Waddeton Park Limited

REGISTERED OFFICE:

Greendale Court

Clyst St Mary

Exeter

Devon

EX5 1AW

REGISTERED NUMBER:

OC337239 (England and Wales)

ACCOUNTANTS:

Barretts

Chartered Accountants &

Chartered Tax Advisers

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Tangible assets

4

-

17,004,956

CURRENT ASSETS

Debtors

5

4,188,564

55,045

Cash at bank

21,424

59,500

4,209,988

114,545

CREDITORS

Amounts falling due within one year

6

4,189,324

195,888

NET CURRENT ASSETS/(LIABILITIES)

20,664

(81,343

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

20,664

16,923,613

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

20,564

16,923,513

MEMBERS' OTHER INTERESTS

Capital accounts

100

100

20,664

16,923,613

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

20,564

16,923,513

Members' other interests

100

100

Amounts due from members

5

(4,051,842

)

-

(4,031,178

)

16,923,613

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 31 March 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 applicable to LLPs subject to the small LLPs regime.

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 21 October 2019 and were signed by:

Waddeton Park Limited - Designated member

1.	STATUTORY INFORMATION

Pinhoe Quarry Limited Liability Partnership 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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2018

17,003,568

9,712

17,013,280

Additions

222,621

-

222,621

Disposals

(17,226,189

)

(9,712

)

(17,235,901

)

At 31 March 2019

-

-

-

DEPRECIATION

At 1 April 2018

-

8,324

8,324

Eliminated on disposal

-

(8,324

)

(8,324

)

At 31 March 2019

-

-

-

NET BOOK VALUE

At 31 March 2019

-

-

-

At 31 March 2018

17,003,568

1,388

17,004,956

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

4,188,564

55,045

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

196,122

158,845

Taxation and social security

3,988,202

-

Other creditors

5,000

37,043

4,189,324

195,888

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans are unsecured. It is the members' intention to repay other creditors in priority to any repayment of their

own loans.