Goldhill Mill Associates LLP - Filleted accounts

Goldhill Mill Associates LLP - Filleted accounts

GOLDHILL MILL ASSOCIATES LLP - Company Information

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Registered number
OC415349
Goldhill Mill Associates LLP
Unaudited Filleted Accounts
31 January 2022
Goldhill Mill Associates LLP
Registered number: OC415349
Balance Sheet
as at 31 January 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 169 942
Current assets
Debtors 4 105 57
Cash at bank and in hand 216,636 194,016
216,741 194,073
Creditors: amounts falling due within one year 5 (12,925) (15,732)
Net current assets 203,816 178,341
Total assets less current liabilities 203,985 179,283
Net assets attributable to members 203,985 179,283
Represented by:
Loans and other debts due to members 6 203,985 179,283
203,985 179,283
Total members' interests
Loans and other debts due to members 6 203,985 179,283
203,985 179,283
For the year ended 31 January 2022 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 10 June 2022 and signed on their behalf by:
T Farazmand
Designated member
Goldhill Mill Associates LLP
Notes to the Accounts
for the year ended 31 January 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is based on revenue earned from the rendering of services.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
2 Employees 2022 2021
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2021 5,002
At 31 January 2022 5,002
Depreciation
At 1 February 2021 4,060
Charge for the year 773
At 31 January 2022 4,833
Net book value
At 31 January 2022 169
At 31 January 2021 942
4 Debtors 2022 2021
£ £
Other debtors 105 57
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors - 131
Other taxes and social security costs 12,483 14,863
Other creditors 442 738
12,925 15,732
6 Loans and other debts due to members 2022 2021
£ £
Amounts due to members in respect of profits 203,985 179,283
Amounts falling due within one year 203,985 179,283
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
Goldhill Mill Associates LLP is a limited liability partnership incorporated in England. Its registered office is:
Goldhill Mill
Three Elm Lane
Tonbridge
Kent
TN11 0BA
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