Dauwalder's Property & Investments LLP
Dauwalder's Property & Investments LLP
Registered number: OC351151
Unaudited ABRIDGED Financial Statements
For the Period
1 September 2020
to
30 September 2021
Dauwalder's Property & Investments LLP
Unaudited Abridged Financial Statements
For the Period
1 September 2020
to
30 September 2021
Unaudited Abridged Financial Statements
Contents | |
Page | |
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Abridged Balance Sheet | 1—2 |
Notes to the Abridged Financial Statements | 3—4 |
Dauwalder's Property & Investments LLP
Abridged Balance Sheet
As at
30 September 2021
Abridged Balance Sheet
Registered number:
OC351151
For the period ending 30 September 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.
All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2021 in accordance with section 444(2A) of the Companies Act 2006.
30 September 2021 | 31 August 2020 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
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( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO MEMBERS |
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REPRESENTED BY: | |||||
Loans and other debts due to members within one year | |||||
Other amounts | - | 27,757 | |||
- | 27,757 | ||||
Equity | |||||
Members' other interests | |||||
Members' capital | 6,000 | 6,000 | |||
Revaluation reserve | 694,890 | 744,766 | |||
700,890 | 750,766 | ||||
700,890 | 778,523 | ||||
TOTAL MEMBERS' INTEREST | |||||
Amounts due from members | (28,825) | - |
...CONTINUED
Dauwalder's Property & Investments LLP
Abridged Balance Sheet (continued)
As at
30 September 2021
Loans and other debts due to members within one year | - | 27,757 | |||
Members' other interests | 700,890 | 750,766 | |||
672,065 | 778,523 | ||||
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.
Dauwalder's Property & Investments LLP
Notes to the Abridged Financial Statements
For the Period
1 September 2020
to
30 September 2021
Notes to the Abridged 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.
The LLP has adopted the disclosure exemption negating the requirement to present a statement of cash flows and related notes.
1.2.
Turnover
Turnover represents the value of rents received and receivable for the financial period.
1.3.
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:
Motor Vehicles |
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1.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.5.
Loans and other debts due to members
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of members to reduce the amount of members other interests.
2.
Average Number of Employees
The average number of persons employed under contracts of service during the year was: NIL (2020: NIL)
Dauwalder's Property & Investments LLP
Notes to the Abridged Financial Statements (continued)
For the Period
1 September 2020
to
30 September 2021
3.
Tangible Assets
Total | |
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£ | |
Cost or Valuation | |
As at
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Disposals |
( |
As at
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Depreciation | |
As at
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Provided during the period |
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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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4.
Related Party Transactions
Dauwalder's (Stamp Dealers) Limited
P Dauwalder has a controlling holding
Interest of £35,132 (2020: £33,474) was accrued on the loan to the related party at the rate of 3%. This accrual was settled in the ensuing financial year.
5.
General Information
Dauwalder's Property & Investments LLP is a limited liability partnership, incorporated in England & Wales, registered number
OC351151
. The Registered Office is 42 Fisherton Street, Salisbury, Wiltshire, SP2 7RB.