Fresh Thinking Partners Two Llp - Accounts to registrar (filleted) - small 18.2

Fresh Thinking Partners Two Llp - Accounts to registrar (filleted) - small 18.2

FRESH THINKING PARTNERS TWO LLP - Company Information

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REGISTERED NUMBER: OC386815 (England and Wales)















FRESH THINKING PARTNERS TWO LLP

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020





FRESH THINKING PARTNERS TWO LLP (REGISTERED NUMBER: OC386815)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRESH THINKING PARTNERS TWO LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JULY 2020







DESIGNATED MEMBERS: Ms M A Hird
A J Walls





REGISTERED OFFICE: Century Offices
2175 Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB





REGISTERED NUMBER: OC386815 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF
Page 1
FRESH THINKING PARTNERS TWO LLP (REGISTERED NUMBER: OC386815)

BALANCE SHEET
31 JULY 2020

31.7.20 31.7.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,267 2,084

CURRENT ASSETS
Debtors 5 442,400 442,400
Cash at bank 25,501 571
467,901 442,971
CREDITORS
Amounts falling due within one year 6 4,404 6,265
NET CURRENT ASSETS 463,497 436,706
TOTAL ASSETS LESS CURRENT
LIABILITIES
466,764
438,790

CREDITORS
Amounts falling due after more than one
year
7
25,000
-
NET ASSETS ATTRIBUTABLE TO
MEMBERS
441,764
438,790

LOANS AND OTHER DEBTS DUE TO
MEMBERS
8
441,764
438,790

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 441,764 438,790

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 July 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...
FRESH THINKING PARTNERS TWO LLP (REGISTERED NUMBER: OC386815)

BALANCE SHEET - continued
31 JULY 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 25 February 2021 and were signed by:




Ms M A Hird - Designated member




A J Walls - Designated member


The notes form part of these financial statements

Page 3
FRESH THINKING PARTNERS TWO LLP (REGISTERED NUMBER: OC386815)

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


1. STATUTORY INFORMATION

Fresh Thinking Partners Two 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2019 4,477
Additions 2,272
At 31 July 2020 6,749
DEPRECIATION
At 1 August 2019 2,393
Charge for year 1,089
At 31 July 2020 3,482
NET BOOK VALUE
At 31 July 2020 3,267
At 31 July 2019 2,084

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FRESH THINKING PARTNERS TWO LLP (REGISTERED NUMBER: OC386815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2020


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Trade debtors 2,400 2,400
Other debtors 440,000 440,000
442,400 442,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Taxation and social security 417 178
Other creditors 3,987 6,087
4,404 6,265

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.20 31.7.19
£    £   
Bank loans 25,000 -

8. 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.

Page 5