Six Ways Properties LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC309841 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2021

for

Six Ways Properties LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M Reid

M Reid

REGISTERED OFFICE:

Thornloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

REGISTERED NUMBER:

OC309841 (England and Wales)

ACCOUNTANTS:

SW&A Accountants

Unit 14

Elgar Business Centre

Moseley Road

Worcester

Worcestershire

WR2 6NJ

CURRENT ASSETS

Stocks

221,567

221,567

Cash at bank

1,749

2,119

223,316

223,686

CREDITORS

Amounts falling due within one year

4

1,232

1,231

NET CURRENT ASSETS

222,084

222,455

TOTAL ASSETS LESS CURRENT LIABILITIES

222,084

222,455

CREDITORS

Amounts falling due after more than one year

5

91,503

98,292

NET ASSETS ATTRIBUTABLE TO MEMBERS

130,581

124,163

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

73,073

66,655

MEMBERS' OTHER INTERESTS

Capital accounts

49,533

49,533

Revaluation reserve

7

7,975

7,975

130,581

124,163

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

73,073

66,655

Members' other interests

57,508

57,508

130,581

124,163

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 30 November 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 23 August 2022 and were signed by:

M Reid - Designated member

1.	STATUTORY INFORMATION

Six Ways Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade creditors

200

199

Other creditors

1,032

1,032

1,232

1,231

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans

91,503

98,292

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

91,503

98,292

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

30.11.21

30.11.20

£

£

Amounts owed to members in respect of profits

73,073

66,655

Falling due within one year

73,073

66,655

As there are no Creditors art Year end - Members debts (other than members capital classified as debt) would take Priority in this instance.

7.

RESERVES

Revaluation

reserve

£

At 1 December 2020

and 30 November 2021

7,975