Butia LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC426857 (England and Wales)

for

Page

General Information  

1

Balance Sheet  

2

Notes to the Financial Statements  

4

Designated members:

Batovi LLP

Ms M D R Otegui

Registered office:

10 Norwich Street

London

EC4A 1BD

Registered number:

OC426857 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

178 Buckingham Avenue

Slough

Berkshire

SL1 4RD

Fixed assets

Investments

4

28,699,426

14,295,000

Current assets

Debtors

22,158

22,158

Creditors

Amounts falling due within one year

5

22,158

22,158

Net current liabilities

-

-

Total assets less current liabilities

and

Net assets attributable to members

28,699,426

14,295,000

Loans and other debts due to members

-

-

Members' other interests

Capital accounts

28,699,426

14,295,000

28,699,426

14,295,000

Total members' interests

Members' other interests

28,699,426

14,295,000

Amounts due from members

(22,158

)

(22,158

)

28,677,268

14,272,842

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 December 2021.  

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 19 September 2022  and were signed by:

Ms M D R Otegui - Designated member

1.

Statutory information

Butia 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.    

Investments in associates

Investments in associate undertakings are recognised at cost.

Members' participation rights

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an

unconditional right, such amounts are classified as liabilities.

All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans

and other debts due to members''. Amounts due to members that are classified as equity are shown in the

Balance Sheet within 'Members' other interests'.

All amounts due from members are classified as debtors and presented in the Balance Sheet within 'Loans and other debts due from members''.

3.

Employee information

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

4.

Fixed asset investments

Interest in

associate

undertakings

$

Cost

At 1 January 2021

14,295,000

Additions

14,501,926

Disposals

(97,500

)

At 31 December 2021

28,699,426

Net book value

At 31 December 2021

28,699,426

At 31 December 2020

14,295,000

5.

Creditors: amounts falling due within one year

2021

2020

$

$

Other creditors

22,158

22,158

6.

Related party disclosures

At the year end the LLP owed $22,158 to a member (2020: $22,158) which is included in creditors.