White Dott LLP - Accounts to registrar (filleted) - small 18.2
White Dott LLP - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
FOR |
WHITE DOTT LLP |
WHITE DOTT LLP (REGISTERED NUMBER: OC391851) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
WHITE DOTT LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2019 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Pinnacle |
170 Midsummer Boulevard |
Milton Keynes |
Buckinghamshire |
MK9 1BP |
WHITE DOTT LLP (REGISTERED NUMBER: OC391851) |
BALANCE SHEET |
31 MARCH 2019 |
31.3.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
5,496,655 |
4,247,285 |
WHITE DOTT LLP (REGISTERED NUMBER: OC391851) |
BALANCE SHEET - continued |
31 MARCH 2019 |
31.3.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
1,308,475 |
1,659,105 |
MEMBERS' OTHER INTERESTS |
Revaluation reserve | 10 |
5,496,655 | 4,247,285 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 1,308,475 | 1,659,105 |
Members' other interests | 4,188,180 | 2,588,180 |
Amounts due from members | 5 | (305,405 | ) | (314,027 | ) |
5,191,250 | 3,933,258 |
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. |
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 by: |
WHITE DOTT LLP (REGISTERED NUMBER: OC391851) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
1. | STATUTORY INFORMATION |
White Dott 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 |
Turnover |
Turnover represents rents receivable on investment property. |
Tangible fixed assets |
Computer equipment | - |
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. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 April 2018 |
and 31 March 2019 |
DEPRECIATION |
At 1 April 2018 |
Charge for year |
At 31 March 2019 |
NET BOOK VALUE |
At 31 March 2019 |
At 31 March 2018 |
WHITE DOTT LLP (REGISTERED NUMBER: OC391851) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2018 |
Revaluations | 2,000,000 |
At 31 March 2019 |
NET BOOK VALUE |
At 31 March 2019 |
At 31 March 2018 |
Fair value at 31 March 2019 is represented by: |
£ |
Valuation in 2019 | 2,000,000 |
Valuation in 2018 | 500,000 |
Valuation in 2016 | 1,200,000 |
Valuation in 2015 | 1,535,224 |
Cost | 1,764,776 |
7,000,000 |
If the investment property had not been revalued it would have been included at the following historical |
cost: |
31.3.19 | 31.3.18 |
£ | £ |
Cost | 1,764,776 | 1,764,776 |
The investment property was valued on an open market basis on 31 March 2019 by the members . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans |
WHITE DOTT LLP (REGISTERED NUMBER: OC391851) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans |
The LLP has a debenture with Natwest over the company's assets. The LLP's bank loan is secured on |
the LLP's investment property at North Weald, Enfield and Sawbridgeworth. |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
In the event of a winding up the amounts included in "Loans and other debts due to members" will rank |
equally with unsecured creditors. |
10. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2018 |
Revaluation Additions |
At 31 March 2019 |