Stables Dundee LLP
Stables Dundee LLP
Registered number: SO306101
Unaudited Financial Statements
For The Year Ended 30 June 2019
First Base Accountants
Pavilion 2
Castlecraig Business Park
Stirling
FK7 7SH
Stables Dundee LLP
Unaudited Financial Statements
For The Year Ended 30 June 2019
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
Stables Dundee LLP
Balance Sheet
As at
30 June 2019
Balance Sheet
Registered number:
SO306101
For the year ending 30 June 2019 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLP's subject to the small LLPs regime.)
30 June 2019 | 30 June 2018 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 6 |
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NET ASSETS ATTRIBUTABLE TO MEMBERS |
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REPRESENTED BY: | |||||
Loans and other debts due to members within one year | 2 | - | |||
Equity | |||||
Members' other interests | |||||
Other reserves | 2 | 2 | |||
2 | 2 | ||||
4 | 2 | ||||
TOTAL MEMBERS' INTEREST | |||||
Amounts due from members | (968) | (1,088) | |||
Loans and other debts due to members within one year | 2 | - |
...CONTINUED
Page 1
Stables Dundee LLP
Balance Sheet (continued)
As at
30 June 2019
Members' other interests | 2 | 2 | |||
(964) | (1,086) | ||||
Member's responsibilities:
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The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. - The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Designated Member
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Stables Dundee LLP
Notes to the Financial Statements
For The Year Ended 30 June 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in January 2017 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold |
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2.
Average Number of Employees
Average number of employees, including members, during the year was as follows: 3 (2018: 3)
Page 3
Stables Dundee LLP
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2019
3.
Tangible Assets
Land & Property | |
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Freehold | |
£ | |
Cost | |
As at |
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As at |
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Net Book Value | |
As at |
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As at |
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4.
Debtors
30 June 2019 | 30 June 2018 | ||
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£ | £ | ||
Due within one year | |||
Amounts due from members | 968 | 1,088 | |
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5.
Creditors: Amounts Falling Due Within One Year
30 June 2019 | 30 June 2018 | ||
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£ | £ | ||
Other creditors |
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Accruals and deferred income |
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6.
Creditors: Amounts Falling Due After More Than One Year
30 June 2019 | 30 June 2018 | ||
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£ | £ | ||
Other creditors |
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Page 4
Stables Dundee LLP
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2019
7.
General Information
Stables Dundee LLP is a limited liability partnership, incorporated in Scotland, registered number SO306101 . The Registered Office is 60 Nesbitt Street, Dundee, DD4 7HW.
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