ASSET STOURBRIDGE LLP
ASSET STOURBRIDGE LLP
Registered number: OC418782
Unaudited ABRIDGED Financial Statements
For The Year Ended
31 August 2021
ASSET STOURBRIDGE LLP
Unaudited Abridged Financial Statements
For The Year Ended
31 August 2021
Unaudited Abridged Financial Statements
Contents | |
Page | |
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Abridged Balance Sheet | 1—2 |
Notes to the Abridged Financial Statements | 3 |
Page 1
ASSET STOURBRIDGE LLP
Abridged Balance Sheet
As at
31 August 2021
Abridged Balance Sheet
Registered number:
OC418782
For the year ending 31 August 2021 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLP's subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
All of the LLP's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2021 in accordance with section 444(2A) of the Companies Act 2006.
2021 | 2020 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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Creditors: Amounts Falling Due Within One Year |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO MEMBERS |
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REPRESENTED BY: | |||||
Loans and other debts due to members within one year | |||||
Other amounts | 150,000 | 150,000 | |||
150,000 | 150,000 | ||||
Equity | |||||
Members' other interests | |||||
Other reserves | (860) | (500) | |||
(860) | (500) | ||||
149,140 | 149,500 | ||||
TOTAL MEMBERS' INTEREST | |||||
Loans and other debts due to members within one year | 150,000 | 150,000 | |||
Members' other interests | (860) | (500) | |||
149,140 | 149,500 | ||||
Page 1
Page 2
ASSET STOURBRIDGE LLP
Abridged Balance Sheet (continued)
As at
31 August 2021
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Designated Member
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Designated Member
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|
The notes on page 3 form part of these financial statements.
Page 2
Page 3
ASSET STOURBRIDGE LLP
Notes to the Abridged Financial Statements
For The Year Ended
31 August 2021
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
1.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.
Average Number of Employees
Average number of employees, including members, during the year was as follows: NIL (2020: NIL)
3.
Tangible Assets
Total | |
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£ | |
Cost | |
As at
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As at
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Net Book Value | |
As at
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As at
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4.
General Information
ASSET STOURBRIDGE LLP is a limited liability partnership, incorporated in England & Wales, registered number
OC418782
. The Registered Office is 21 Drake Road, Harrow, HA2 9DZ.
Page 3