Southview Surveyors LLP
Southview Surveyors LLP
Registered number: OC362337
Unaudited Financial Statements
For The Year Ended
31 October 2021
E. H. Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Southview Surveyors LLP
Unaudited Financial Statements
For The Year Ended
31 October 2021
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Southview Surveyors LLP
Balance Sheet
As at
31 October 2021
Balance Sheet
Registered number:
OC362337
For the year ending 31 October 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.
31 October 2021 | 31 October 2020 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 6 |
( |
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NET LIABILITIES ATTRIBUTABLE TO MEMBERS |
( |
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REPRESENTED BY: | |||||
Loans and other debts due to members within one year | |||||
Members' capital classified as a liability | (113,351) | (113,351) | |||
Other amounts | 113,351 | 113,351 | |||
- | - | ||||
Equity | |||||
Members' other interests | |||||
Members' capital | (45,563) | (34,153) | |||
(45,563) | (34,153) | ||||
TOTAL MEMBERS' INTEREST | |||||
Members' other interests | (45,563) | (34,153) | |||
(45,563) | (34,153) | ||||
Southview Surveyors LLP
Balance Sheet (continued)
As at
31 October 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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The notes on pages 3 to 4 form part of these financial statements.
Southview Surveyors LLP
Notes to the Financial Statements
For The Year Ended
31 October 2021
Notes to the 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 January 2017 (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.
Going Concern Disclosure
The accounts have been prepared on a going concern basis as assurances have been received from the partners that funds will be made available to enable the LLP to settle its liabilities as and when they fall due for a period of at least twelve months from the date of approval of these accounts.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4.
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:
Fixtures & Fittings |
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Computer Equipment |
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2.
Average Number of Employees
Average number of employees, including members, during the year was as follows: 2 (2020: 4)
3.
Tangible Assets
Fixtures & Fittings | Computer Equipment | Total | |
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£ | £ | £ | |
Cost | |||
As at
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Disposals |
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As at
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Depreciation | |||
As at
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Disposals |
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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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Southview Surveyors LLP
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2021
4.
Debtors
31 October 2021 | 31 October 2020 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors |
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5.
Creditors: Amounts Falling Due Within One Year
31 October 2021 | 31 October 2020 | ||
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£ | £ | ||
Trade creditors |
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VAT | - |
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6.
Creditors: Amounts Falling Due After More Than One Year
31 October 2021 | 31 October 2020 | ||
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£ | £ | ||
Bank loans |
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Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
31 October 2021 | 31 October 2020 | ||
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£ | £ | ||
Bank loans and overdrafts | - | 50,000 |
7.
Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by Government guarantee:
31 October 2021 | 31 October 2020 | ||
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£ | £ | ||
Bank loans and overdrafts | 46,077 | 50,000 |
8.
General Information
Southview Surveyors LLP is a limited liability partnership, incorporated in England & Wales, registered number
OC362337
. The Registered Office is 203 London Road, Hadleigh, Essex, SS7 2RD.