LER Partnership LLP - Accounts to registrar (filleted) - small 18.2

LER Partnership LLP - Accounts to registrar (filleted) - small 18.2

LER PARTNERSHIP LLP - Company Information

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REGISTERED NUMBER: OC392646 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

LER PARTNERSHIP LLP
LER PARTNERSHIP LLP (REGISTERED NUMBER: OC392646)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LER PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DESIGNATED MEMBERS: Professor D Bunn
London Energy Research Limited





REGISTERED OFFICE: 16 Bingham Place
LONDON
W1U 5AZ





REGISTERED NUMBER: OC392646 (England and Wales)





ACCOUNTANTS: Wells Associates
10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU
Page 1
LER PARTNERSHIP LLP (REGISTERED NUMBER: OC392646)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 584,581 584,581

CURRENT ASSETS
Debtors 5 1,441 1,045
Cash at bank 4,721 59,686
6,162 60,731
CREDITORS
Amounts falling due within one year 6 1,789 1,789
NET CURRENT ASSETS 4,373 58,942
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 588,954 643,523

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
118,732
59,301

MEMBERS' OTHER INTERESTS
Capital accounts 470,222 584,222
588,954 643,523

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 118,732 59,301
Members' other interests 470,222 584,222
588,954 643,523

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 2020.

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 notes form part of these financial statements

Page 2 continued...
LER PARTNERSHIP LLP (REGISTERED NUMBER: OC392646)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2020


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 and authorised for issue on 1 July 2020 and were
signed by:





Professor D Bunn - Designated member

The notes form part of these financial statements

Page 3
LER PARTNERSHIP LLP (REGISTERED NUMBER: OC392646)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

LER Partnership 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.

Turnover
Revenue 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2019 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2019
and 31 March 2020 584,581
NET BOOK VALUE
At 31 March 2020 584,581
At 31 March 2019 584,581

The investment properties have been valued at 31 March 2020 by the members of the LLP, an
independent expert has not been used. The valuation is considered to be the current market value for the
investment properties concerned taking into account the current market conditions, the rental status of
the properties and the income arising.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 1,441 1,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other creditors 1,789 1,789

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari
passu with unsecured creditors.

Page 4