SFG Property 2 LLP - Accounts to registrar (filleted) - small 18.2

SFG Property 2 LLP - Accounts to registrar (filleted) - small 18.2

SFG PROPERTY 2 LLP - Company Information

Print Friendly Version

IRIS Accounts Production v20.3.4.1 OC413455 designated member 1.4.19 31.3.20 31.3.20 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC4134552019-03-31OC4134552020-03-31OC4134552019-04-012020-03-31OC4134552018-03-31OC4134552018-04-012019-03-31OC4134552019-03-31OC413455ns16:EnglandWales2019-04-012020-03-31OC413455ns15:PoundSterling2019-04-012020-03-31OC413455ns11:Director12019-04-012020-03-31OC413455ns11:LimitedLiabilityPartnershipLLP2019-04-012020-03-31OC413455ns11:SmallEntities2019-04-012020-03-31OC413455ns11:AuditExempt-NoAccountantsReport2019-04-012020-03-31OC413455ns11:SmallCompaniesRegimeForAccounts2019-04-012020-03-31OC413455ns11:LimitedLiabilityPartnershipsSORP2019-04-012020-03-31OC413455ns11:AbridgedAccounts2019-04-012020-03-31OC413455ns11:Director22019-04-012020-03-31OC413455ns11:RegisteredOffice2019-04-012020-03-31OC413455ns6:CurrentFinancialInstruments2020-03-31OC413455ns6:CurrentFinancialInstruments2019-03-31


REGISTERED NUMBER: OC413455 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2020

for

SFG Property 2 LLP
SFG Property 2 LLP (Registered number: OC413455)

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


SFG Property 2 LLP

General Information
for the Year Ended 31 March 2020







DESIGNATED MEMBERS: P S D Storey
B C Gower





REGISTERED OFFICE: First Floor, St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN





REGISTERED NUMBER: OC413455 (England and Wales)





ACCOUNTANTS: Clay Knox Ltd
First Floor, St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN
Page 1
SFG Property 2 LLP (Registered number: OC413455)

Abridged Balance Sheet
31 March 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Stocks 1,736,917 1,736,917
Debtors 151,833 122,746
Cash at bank 892 7,497
1,889,642 1,867,160
CREDITORS
Amounts falling due within one year 1,573,027 1,523,457
NET CURRENT ASSETS 316,615 343,703
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 316,615 343,703

LOANS AND OTHER DEBTS DUE TO MEMBERS 4 316,615 343,703

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 4 316,615 343,703
Amounts due from members (134,383 ) (105,296 )
182,232 238,407

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...
SFG Property 2 LLP (Registered number: OC413455)

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 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 28 March 2021 and were signed by:





B C Gower - Designated member

The notes form part of these financial statements

Page 3
SFG Property 2 LLP (Registered number: OC413455)

Notes to the Financial Statements
for the Year Ended 31 March 2020


1. STATUTORY INFORMATION

SFG Property 2 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

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

4. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

Page 4