Lionswood LLP - Accounts to registrar (filleted) - small 18.2

Lionswood LLP - Accounts to registrar (filleted) - small 18.2

LIONSWOOD LLP - Company Information

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REGISTERED NUMBER: OC338691 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

LIONSWOOD LLP
LIONSWOOD LLP (REGISTERED NUMBER: OC338691)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2020




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LIONSWOOD LLP

GENERAL INFORMATION
for the year ended 31 March 2020







DESIGNATED MEMBERS: Mr S M C Sherwood
Ms R L Sherwood





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: OC338691 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Page 1
LIONSWOOD LLP (REGISTERED NUMBER: OC338691)

ABRIDGED BALANCE SHEET
31 March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,459 11,913
Investments 5 4,348 4,888
13,807 16,801

CURRENT ASSETS
Debtors 29,519 104,157
Cash at bank 1,325,443 50,680
1,354,962 154,837
CREDITORS
Amounts falling due within one year 4,680 4,680
NET CURRENT ASSETS 1,350,282 150,157
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
1,364,089
166,958

LOANS AND OTHER DEBTS DUE TO
MEMBERS
6
1,364,089
166,958

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 1,364,089 166,958
Amounts due from members - (25,443 )
1,364,089 141,515

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...
LIONSWOOD LLP (REGISTERED NUMBER: OC338691)

ABRIDGED BALANCE SHEET - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 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 5 January 2021 and were signed by:





Mr S M C Sherwood - Designated member

The notes form part of these financial statements

Page 3
LIONSWOOD LLP (REGISTERED NUMBER: OC338691)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2020

1. STATUTORY INFORMATION

Lionswood 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Investments
Fixed asset investments are stated at costs less provision for diminution in value.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2019
and 31 March 2020 41,664
DEPRECIATION
At 1 April 2019 29,751
Charge for year 2,454
At 31 March 2020 32,205
NET BOOK VALUE
At 31 March 2020 9,459
At 31 March 2019 11,913

Page 4 continued...
LIONSWOOD LLP (REGISTERED NUMBER: OC338691)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2020

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2019 4,888
Disposals (540 )
At 31 March 2020 4,348
NET BOOK VALUE
At 31 March 2020 4,348
At 31 March 2019 4,888

At the balance sheet date, the LLP had the following investments:


Name of company		 Country of
registration
Interest (%)
2020
2019

Vision Elegant Holdings LP Guernsey - -

D&D Topco Limited UK £4,348 £4.348

Elegant Hotels Group PLC UK £540

Total £4,348 £4,888

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Other creditors take priority over loans and other debts due to members.

Page 5