Hoyle Investment LLP - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements

for the Year Ended 5th April 2020

for

Hoyle Investment LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

M G Dakin

A M Dakin

REGISTERED OFFICE:

Lewis House

56 Manchester Road

Altrincham

Cheshire

WA14 4PJ

REGISTERED NUMBER:

OC325637 (England and Wales)

ACCOUNTANTS:

Allen Mills Howard & Co

Chartered Accountants

Lewis House

56 Manchester Road

Altrincham

Cheshire

WA14 4PJ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

-

105,000

-

105,000

CURRENT ASSETS

Debtors

-

4,517

Cash at bank

3,022

3,552

3,022

8,069

CREDITORS

Amounts falling due within one year

900

40,388

NET CURRENT ASSETS/(LIABILITIES)

2,122

(32,319

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,122

72,681

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

2,122

17,681

MEMBERS' OTHER INTERESTS

Fair value reserve

-

55,000

2,122

72,681

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

2,122

17,681

Members' other interests

-

55,000

2,122

72,681

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 5th April 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 financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 5th April 2020 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 28th September 2020 and were signed by:

M G Dakin - Designated member

A M Dakin - Designated member

1.	STATUTORY INFORMATION

Hoyle Investment 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

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.

Turnover

Turnover consists of rents received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Laptops

-

33.33% on cost

Website

-

33.33% on cost

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair

value at each reporting date with changes in fair value recognized in the Income Statement.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 6th April 2019

2,995

Disposals

(2,995

)

At 5th April 2020

-

DEPRECIATION

At 6th April 2019

2,995

Eliminated on disposal

(2,995

)

At 5th April 2020

-

NET BOOK VALUE

At 5th April 2020

-

At 5th April 2019

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6th April 2019

105,000

Transfers out

(50,000

)

Revaluations

(55,000

)

At 5th April 2020

-

NET BOOK VALUE

At 5th April 2020

-

At 5th April 2019

105,000

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding

up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There

are no restrictions or limitations on the ability of the members to reduce the amount of 'Members’ other interests'.