Brickby LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC420241 (England and Wales)

Brickby LLP

Financial Statements for the Year Ended 31st December 2020

Page

General information

1

Abridged balance sheet

2

Notes to the financial statements

4

Designated members:

Brickham Ltd

Wilby Homes Limited

Registered office:

Wellingborough Grange

Hardwick Road

Wellingborough

Northampton

NN8 6BW

Registered number:

OC420241 (England and Wales)

Accountants:

A.J. Lewis

Chartered Accountant

Lewis & Son Accountants Limited

37 Stoke Road

Blisworth

Northampton

NN7 3BZ

Current assets

Stocks

559,641

388,122

Cash at bank

979

2,282

560,620

390,404

Creditors

Amounts falling due within one year

1,804

1,510

Net current assets

558,816

388,894

Total assets less current liabilities

and

Net assets attributable to members

558,816

388,894

Loans and other debts due to members

3

558,816

388,894

Total members' interests

Loans and other debts due to members

3

558,816

388,894

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 31st December 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.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31st December 2020 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Profit and loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 14th May 2021 and were signed by:

Wilby Homes Limited - Designated member

1.	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.

Revenue recognition

Revenue is recognised on exchange of contract for the sale of the property.

Stock and work in progress

Stock and work in progress is valued at the lower of cost and net realisable value. Cost includes direct materials, direct labour and the appropriate proportion of overheads, where applicable.

2.	Employee information

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

3.

Loans and other debts due to members

Loans and other debts due to members' (other than members' capital classified as debt) rank first in relation to other creditors.