Bedlars Development LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC364145 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

Bedlars Development LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Bedlars Holdings (UK) LLP

M J Ringer

REGISTERED OFFICE:

2 York House

1a Langton Road

Tunbridge Wells

Kent

TN4 8XA

REGISTERED NUMBER:

OC364145 (England and Wales)

ACCOUNTANTS:

APT

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

FIXED ASSETS

Investments

3

-

253,211

Investment property

4

412,000

-

412,000

253,211

CURRENT ASSETS

Debtors

5

525

7,514

Cash at bank

6,379

6,485

6,904

13,999

CREDITORS

Amounts falling due within one year

6

(325,489

)

(568,500

)

NET CURRENT LIABILITIES

(318,585

)

(554,501

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS/(LIABILITIES) ATTRIBUTABLE TO MEMBERS

93,415

(301,290

)

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

326,748

(67,957

)

Other reserves

7

(233,333

)

(233,333

)

93,415

(301,290

)

TOTAL MEMBERS' INTERESTS

Members' other interests

93,415

(301,290

)

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 30 June 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 19 December 2019 and were signed by:

M J Ringer - Designated member

1.	STATUTORY INFORMATION

Bedlars Development LLP 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 as modified by the revaluation of certain assets.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial

statements are rounded to the nearest £1, except where otherwise indicated.

Going concern

After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has

adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to

adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors,

including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

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

value added tax and other sales taxes.

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.

Investments

Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any

aggregate or surplus arising from changes in fair value is recognised through profit and loss.

Impairment of assets

Fixed assets are reviewed at each reporting date to determine whether there is any indication that those assets have

suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected

asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying

amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or

loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of

its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss

been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or

loss.

Debtors and creditors receivable/payable in one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative

expenses.

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.6.19

30.6.18

£

£

Brought forward

253,211

247,129

Net movements

(253,211

)

6,082

-

253,211

Fixed Asset Investments represents the LLP's investment in joint ventures.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

123,402

Revaluations

288,598

At 30 June 2019

412,000

NET BOOK VALUE

At 30 June 2019

412,000

Fair value at 30 June 2019 is represented by:

£

Valuation in 2019

288,598

Cost

123,402

412,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Other debtors

525

7,514

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

7

-

Taxation and social security

384

-

Other creditors

325,098

568,500

325,489

568,500

7.

RESERVES

Other

reserves

£

At 1 July 2018

(233,333

)

At 30 June 2019

(233,333

)