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

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

BOTB LLP - Company Information

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REGISTERED NUMBER: OC424727 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 5 April 2022

for

BOTB LLP
BOTB LLP (Registered number: OC424727)

Contents of the Financial Statements
for the Year Ended 5 April 2022










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOTB LLP

General Information
for the Year Ended 5 April 2022







DESIGNATED MEMBERS: Belly Of The Beast Limited
N Detnon





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: OC424727 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN
Page 1
BOTB LLP (Registered number: OC424727)

Balance Sheet
5 April 2022

5.4.22 5.4.21
Notes £    £   
FIXED ASSETS
Investment property 4 1,800,000 1,800,000

CURRENT ASSETS
Debtors 5 234 222
Cash at bank 67,042 47,120
67,276 47,342
CREDITORS
Amounts falling due within one year 6 (4,140 ) (4,240 )
NET CURRENT ASSETS 63,136 43,102
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,863,136
1,843,102

CREDITORS
Amounts falling due after more than one
year
7
(209,993
)
(210,078
)
NET ASSETS ATTRIBUTABLE TO
MEMBERS
1,653,143
1,633,024

LOANS AND OTHER DEBTS DUE TO
MEMBERS
-
-

MEMBERS' OTHER INTERESTS
Capital accounts 1,653,143 1,633,024
1,653,143 1,633,024

TOTAL MEMBERS' INTERESTS
Members' other interests 1,653,143 1,633,024

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 5 April 2022.

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 notes form part of these financial statements

Page 2 continued...
BOTB LLP (Registered number: OC424727)

Balance Sheet - continued
5 April 2022


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 27 September 2022 and were signed by:





N Detnon - Designated member

The notes form part of these financial statements

Page 3
BOTB LLP (Registered number: OC424727)

Notes to the Financial Statements
for the Year Ended 5 April 2022


1. STATUTORY INFORMATION

BOTB 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.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the supply of rental accommodation represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Other income
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 4 continued...
BOTB LLP (Registered number: OC424727)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2022


2. ACCOUNTING POLICIES - continued

Provision for liabilities
Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2021
and 5 April 2022 1,800,000
NET BOOK VALUE
At 5 April 2022 1,800,000
At 5 April 2021 1,800,000

The investment properties have been valued by the designated members and are disclosed at fair value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.22 5.4.21
£    £   
Other debtors 234 222

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.22 5.4.21
£    £   
Other creditors 4,140 4,240

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.22 5.4.21
£    £   
Bank loans 209,993 210,078

Page 5 continued...
BOTB LLP (Registered number: OC424727)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2022


8. SECURED DEBTS

The following secured debts are included within creditors:

5.4.22 5.4.21
£    £   
Bank loans 209,993 210,078

Security is provided by way of a first charge over the investment property.

Page 6