Tantallon Property Management LLP - Accounts to registrar (filleted) - small 18.2
Tantallon Property Management LLP - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Tantallon Property Management LLP |
Unaudited Financial Statements |
for the Period 26 June 2018 to 28 February 2019 |
Tantallon Property Management LLP (Registered number: SO306459) |
Contents of the Financial Statements |
for the Period 26 June 2018 to 28 February 2019 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Tantallon Property Management LLP |
General Information |
for the Period 26 June 2018 to 28 February 2019 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Ainslie Place |
Edinburgh |
Midlothian |
EH3 6AT |
BANKERS: |
75 George Street |
Edinburgh |
EH2 3EW |
Tantallon Property Management LLP (Registered number: SO306459) |
Balance Sheet |
28 February 2019 |
Notes | £ |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
4,473 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
4 |
4,473 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 4 | 4,473 |
Amounts due from members | (217 | ) |
4,256 |
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. |
Tantallon Property Management LLP (Registered number: SO306459) |
Balance Sheet - continued |
28 February 2019 |
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 signed by: |
Tantallon Property Management LLP (Registered number: SO306459) |
Notes to the Financial Statements |
for the Period 26 June 2018 to 28 February 2019 |
1. | STATUTORY INFORMATION |
Tantallon Property Management LLP is registered in Scotland. 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 as the fair value of consideration receivable, excluding value added tax. |
Financial instruments |
Financial instruments comprise financial assets and financial liabilities which are recognised when |
the company become a party to the contractual provisions of the instrument. Financial instruments |
are classified as "basic" in accordance with FRS 102 and are accounted for at amortised cost using |
the effective interest method.The effective interest rate is the rate that exactly discounts estimated |
future cash flows over the life of the financial assets or liability to the net carrying amount on initial |
recognition. Discounting is not applied to short-term receivables and payables, where the effect is |
immaterial. |
Taxation |
The taxation payable on the partnership profits is the personal liability of the members during the |
year and consequently neither taxation nor related deferred taxation is accounted for in the |
financial statements. Amounts retained for tax are treated in the same way as other profits and are |
so included in "Loans and other debts due to members" or "Members' interests" depending on |
whether or not division of profit has occurred. |
3. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |
4. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
In accordance with the SORP "Accounting by Limited Liability Partnerships" all amounts due to |
members are classified as a liability. |
Loans and other debts due to members rank after secured and ordinary creditors in the event of a |
winding up. |
Tantallon Property Management LLP (Registered number: SO306459) |
Notes to the Financial Statements - continued |
for the Period 26 June 2018 to 28 February 2019 |
5. | RELATED PARTY DISCLOSURES |
During the period the members' made loans to the LLP. The loans from the members' were still |
outstanding at the period end and are unsecured, interest free and repayable on demand. |