Land Acquisition & Promotion LLP - Accounts to registrar (filleted) - small 18.2

Land Acquisition & Promotion LLP - Accounts to registrar (filleted) - small 18.2

LAND ACQUISITION & PROMOTION LLP - Company Information

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REGISTERED NUMBER: OC339483 (England and Wales)









Financial Statements

for the Year Ended 31 August 2020

for

Land Acquisition & Promotion LLP
Land Acquisition & Promotion LLP (Registered number: OC339483)






Contents of the Financial Statements
for the Year Ended 31 August 2020




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Land Acquisition & Promotion LLP

General Information
for the Year Ended 31 August 2020







DESIGNATED MEMBERS: Rabid Vole Limited
Melfort Enterprises Limited





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: OC339483 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR
1
Land Acquisition & Promotion LLP (Registered number: OC339483)

Statement of Financial Position
31 August 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 4 321,855 271,516
Cash at bank 3,448 13,922
325,303 285,438
CREDITORS
Amounts falling due within one year 5 (123,585 ) (60,167 )
NET CURRENT ASSETS 201,718 225,271
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
201,718
225,271

LOANS AND OTHER DEBTS DUE TO
MEMBERS
6
201,718
225,271

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 201,718 225,271
Amounts due from members 4 (315,541 ) (270,340 )
(113,823 ) (45,069 )

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 August 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 14 June 2021 and were signed by:



Melfort Enterprises Limited - Designated member

The notes form part of these financial statements

2
Land Acquisition & Promotion LLP (Registered number: OC339483)

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

1. STATUTORY INFORMATION

Land Acquisition & Promotion LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Profit allocations
Profit allocations are recognised in the year in which they are declared and become a present obligation of the LLP.

Going concern
There is a risk that the impact of COVID-19 on its stakeholders and on the economy in general could have an adverse effect on the LLP. The extent of the impact will depend on future developments, which are highly uncertain and cannot be predicted. Notwithstanding this, the Members believe that it is appropriate to prepare the financial statements on a going concern basis as they have confirmed that they will continue to offer financial support to the LLP to allow it to meet its financial commitments as they fall due.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 321,855 271,516

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 116,585 53,918
Other creditors 7,000 6,249
123,585 60,167

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with other unsecured creditors in the event of a winding up of the LLP. There are no restrictions on the ability of the members to reduce the amount of Members’ other interests.

3