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

REGISTERED NUMBER: OC339483 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

FOR

LAND ACQUISITION & PROMOTION LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Rabid Vole Limited

Melfort Enterprises Limited

REGISTERED OFFICE:

The Estate Office

Stanswood Farm

Stanswood Road

Fawley

Hampshire

SO45 1AB

REGISTERED NUMBER:

OC339483 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

CURRENT ASSETS

Debtors

4

317,629

321,855

Cash at bank

1,457

3,448

319,086

325,303

CREDITORS

Amounts falling due within one year

5

13,900

123,585

NET CURRENT ASSETS

305,186

201,718

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

305,186

201,718

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

305,186

201,718

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

305,186

201,718

Amounts due from members

4

(314,746

)

(315,541

)

(9,560

)

(113,823

)

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 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 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 16 May 2022 and were signed by:

Melfort Enterprises Limited - Designated member

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.

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.

Going concern

There is a risk that the economy in general could have an adverse effect on its stakeholders and therefore 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 (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Other debtors

317,629

321,855

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Trade creditors

11,400

116,585

Other creditors

2,500

7,000

13,900

123,585

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.8.21

31.8.20

£

£

Amounts owed to members in respect of profits

305,186

201,718

Falling due within one year

305,186

201,718

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.