Praetura Ventures (1) Limited - Accounts to registrar (filleted) - small 18.2

Praetura Ventures (1) Limited - Accounts to registrar (filleted) - small 18.2

PRAETURA VENTURES (1) LIMITED LIABILITY PARTNERSHIP - Company Information

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REGISTERED NUMBER: OC365643 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

PRAETURA VENTURES (1) LIMITED
LIABILITY PARTNERSHIP
PRAETURA VENTURES (1) LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC365643)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRAETURA VENTURES (1) LIMITED
LIABILITY PARTNERSHIP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DESIGNATED MEMBERS: M J Fletcher
P J O'Reilly





REGISTERED OFFICE: Level 8 Bauhaus
27 Quay Street
Manchester
M3 3GY





REGISTERED NUMBER: OC365643 (England and Wales)





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PRAETURA VENTURES (1) LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC365643)

BALANCE SHEET
31 MARCH 2020

31.3.20 31.3.19
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 605,700 1,960,119

CURRENT ASSETS
Debtors 5 - 35,199
NET CURRENT ASSETS - 35,199
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
605,700
1,995,318

LOANS AND OTHER DEBTS DUE TO
MEMBERS
605,700
1,995,318

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 605,700 1,995,318

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 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 30 March 2021 and were signed by:




M J Fletcher - Designated member

The notes form part of these financial statements

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PRAETURA VENTURES (1) LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC365643)

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


1. STATUTORY INFORMATION

Praetura Ventures (1) Limited Liability Partnership 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 as modified by the revaluation of certain assets.

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

3. EMPLOYEE INFORMATION

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

4. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST OR VALUATION
At 1 April 2019 1,960,119
Disposals (1,194,667 )
Revaluations (159,752 )
At 31 March 2020 605,700
NET BOOK VALUE
At 31 March 2020 605,700
At 31 March 2019 1,960,119

Investments are measured at fair value with changes in fair value recognised in profit or loss.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
as restated
£    £   
Other debtors - 35,199

6. PRIOR YEAR ADJUSTMENTS

The accounts filed for the period ended 31 March 2019 accounts showed investments over-valued by £263,999. The effect on the prior year is to lower investments by £263,999 and to lower loans and other debts due to members by £263,999.

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