Kings Head Inn Birdwood LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC392603 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 May 2020

for

Kings Head Inn Birdwood LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Miss M Jefferies

Mrs M A Jefferies

Mrs K Jefferies-Davis

REGISTERED OFFICE:

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

REGISTERED NUMBER:

OC392603 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Tangible assets

4

11,033

20,534

CURRENT ASSETS

Stocks

8,000

14,000

Debtors

5

11,533

272

Cash at bank and in hand

22,529

151,025

42,062

165,297

CREDITORS

Amounts falling due within one year

6

6,685

20,106

NET CURRENT ASSETS

35,377

145,191

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

46,410

165,725

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

46,410

165,725

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

46,410

165,725

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 May 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 9 May 2021 and were signed by:

Mrs K Jefferies-Davis - Designated member

1.	STATUTORY INFORMATION

Kings Head Inn Birdwood 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.

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.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

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

Staff numbers

The number of employees represents a fair estimate of the annual equivalent of numbers of full time staff.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2019 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2019

12,337

30,345

1,468

44,150

Additions

1,220

-

-

1,220

At 31 May 2020

13,557

30,345

1,468

45,370

DEPRECIATION

At 1 June 2019

7,609

15,173

834

23,616

Charge for year

2,650

7,586

485

10,721

At 31 May 2020

10,259

22,759

1,319

34,337

NET BOOK VALUE

At 31 May 2020

3,298

7,586

149

11,033

At 31 May 2019

4,728

15,172

634

20,534

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Other debtors

11,533

272

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Other creditors

6,685

20,106

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts due to members represent members' capital.