Arkwright (Reading) LLP - Accounts to registrar (filleted) - small 18.2

Arkwright (Reading) LLP - Accounts to registrar (filleted) - small 18.2

ARKWRIGHT (READING) LLP - Company Information

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REGISTERED NUMBER: OC362367 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Arkwright (Reading) LLP
Arkwright (Reading) LLP (Registered number: OC362367)

Contents of the Financial Statements
for the Year Ended 31 March 2021










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arkwright (Reading) LLP


General Information
for the Year Ended 31 March 2021







DESIGNATED MEMBERS: T A Parsons
Mrs H M Parsons





REGISTERED OFFICE: 12 Arkwright Road
Reading
Berkshire
RG2 0LU





REGISTERED NUMBER: OC362367 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL
1
Arkwright (Reading) LLP (Registered number: OC362367)


Balance Sheet
31 March 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,094,110 1,094,110

CURRENT ASSETS
Cash at bank 125,439 85,552

CREDITORS
Amounts falling due within one year 5 5,500 5,500
NET CURRENT ASSETS 119,939 80,052
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
1,214,049
1,174,162

LOANS AND OTHER DEBTS DUE TO
MEMBERS
6
119,939
80,052

MEMBERS' OTHER INTERESTS
Capital accounts 1,094,110 1,094,110
1,214,049 1,174,162

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 119,939 80,052
Members' other interests 1,094,110 1,094,110
1,214,049 1,174,162

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 2021.

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

2
Arkwright (Reading) LLP (Registered number: OC362367)


Balance Sheet - continued
31 March 2021


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 28 May 2021 and were signed by:





T A Parsons - Designated member

The notes form part of these financial statements

3
Arkwright (Reading) LLP (Registered number: OC362367)


Notes to the Financial Statements
for the Year Ended 31 March 2021


1. STATUTORY INFORMATION

Arkwright (Reading) 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.
Freehold property - 0% on land

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Members' remuneration
A member's profit share in the profit and loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2020
and 31 March 2021 1,094,110
NET BOOK VALUE
At 31 March 2021 1,094,110
At 31 March 2020 1,094,110

4
Arkwright (Reading) LLP (Registered number: OC362367)


Notes to the Financial Statements - continued
for the Year Ended 31 March 2021


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
VAT 5,500 5,500

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. There are no restrictions on the ability of members to reduce the amount of members' other interests.

5