316-324 Kensal Road LLP - Accounts to registrar (filleted) - small 18.2

316-324 Kensal Road LLP - Accounts to registrar (filleted) - small 18.2

316-324 KENSAL ROAD LLP - Company Information

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REGISTERED NUMBER: OC425768 (England and Wales)
















316-324 Kensal Road LLP

Unaudited Financial Statements

for the Period

1st February 2020 to 31st March 2020





316-324 Kensal Road LLP (Registered number: OC425768)






Contents of the Financial Statements
for the Period 1st February 2020 to 31st March 2020




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


316-324 Kensal Road LLP


General Information
for the Period 1st February 2020 to 31st March 2020







Designated members: Milematic Limited
Mr I W Oliver
Mrs B Oliver
Mr R L Underwood





Registered office: Clandon Regis
The Street
West Clandon
Surrey
GU4 7SU





Registered number: OC425768 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD
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316-324 Kensal Road LLP (Registered number: OC425768)


Statement of Financial Position
31st March 2020

2020 2020
Notes £    £    £    £   
Fixed assets
Investment property 4 1,898,468 1,898,468

Current assets
Debtors 5 206,589 206,589
Cash at bank 102,900 102,900
309,489 309,489
Creditors
Amounts falling due within one year 6 874,728 874,728
Net current liabilities (565,239 ) (565,239 )
Total assets less current liabilities
and
Net assets attributable to members 1,333,229 1,333,229

Loans and other debts due to
members
7
1,333,229
1,333,229

Total members' interests
Loans and other debts due to members 7 1,333,229 1,333,229

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 period ended 31st 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

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316-324 Kensal Road LLP (Registered number: OC425768)


Statement of Financial Position - continued
31st March 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 10th May 2021 and were signed by:





Mr I W Oliver - Designated member

The notes form part of these financial statements

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316-324 Kensal Road LLP (Registered number: OC425768)


Notes to the Financial Statements
for the Period 1st February 2020 to 31st March 2020

1. Statutory information

316-324 Kensal Road 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. Employee information

The average number of employees during the period was NIL (2020 - NIL).

4. Investment property
Total
£   
Fair value
At 1st February 2020
and 31st March 2020 1,898,468
Net book value
At 31st March 2020 1,898,468
At 31st January 2020 1,898,468

5. Debtors: amounts falling due within one year
2020 2020
£    £   
Other debtors 206,589 206,589

6. Creditors: amounts falling due within one year
2020 2020
£    £   
Trade creditors 95,848 95,848
Other creditors 778,880 778,880
874,728 874,728

7. Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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