Autohaus Newport LLP

Autohaus Newport LLP

AUTOHAUS NEWPORT LLP - Company Information

Print Friendly Version

1 June 2021 false No description of principal activity Taxfiler 2022.11.1 OC417212business:LimitedLiabilityPartnershipLLP2021-06-012022-05-31 OC4172122021-05-31 OC4172122021-06-012022-05-31 OC417212business:AuditExemptWithAccountantsReport2021-06-012022-05-31 OC417212business:FullAccounts2021-06-012022-05-31 OC4172122022-05-31 OC417212business:PartnerLLP12021-06-012022-05-31 OC417212business:PartnerLLP22021-06-012022-05-31 OC417212business:RegisteredOffice2021-06-012022-05-31 OC4172122021-05-31 OC417212core:WithinOneYear2022-05-31 OC417212core:WithinOneYear2021-05-31 OC417212core:AfterOneYear2022-05-31 OC417212core:AfterOneYear2021-05-31 OC417212business:SmallEntities2021-06-012022-05-31 OC417212countries:EnglandWales2021-06-012022-05-31 OC417212core:MotorVehicles2021-05-31 OC417212core:ComputerEquipment2021-05-31 OC417212core:MotorVehicles2022-05-31 OC417212core:ComputerEquipment2022-05-31 OC4172122020-06-012021-05-31 iso4217:GBP xbrli:pure
Registered No. OC417212 (England and Wales)
Autohaus Newport LLP Unaudited accounts for the year ended 31 May 2022
Autohaus Newport LLP LLP Information for the year ended 31 May 2022
Designated members
Mr Philip John Le Couteur - Kicke
Mr Phillip J Le Couteur-Kicke
Registered Number
OC417212 (England and Wales)
Registered Office
Dragon House Traston Road Newport NP19 4RQ
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
- 2 -
Autohaus Newport LLP Accountants' report
Accountants' report to the members of Autohaus Newport LLP on the preparation of the unaudited statutory financial statements for the year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Autohaus Newport LLP for the year ended 31 May 2022 as set out on pages 4 - 6 from the LLP's accounting records and from information and explanations you have given us.
This report is made solely to the members of Autohaus Newport LLP, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Autohaus Newport LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Autohaus Newport LLP and its members as a body for our work or for this report.
It is your duty to ensure that Autohaus Newport LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Autohaus Newport LLP. You consider that Autohaus Newport LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Autohaus Newport LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Evans Entwistle Venta House Maes-glas Newport NP20 2NS 16 November 2022
- 3 -
Autohaus Newport LLP Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
63,161 
69,477 
Cash at bank and in hand
5,321 
3,909 
68,482 
73,386 
Creditors: amounts falling due within one year
4
(61,393)
(15,826)
Net current assets
7,089 
57,560 
Total assets less current liabilities
7,089 
57,560 
Creditors: amounts falling due after more than one year
5
(12,141)
(12,878)
Net (liabilities)/assets attributable to members
(5,052)
44,682 
Represented by:
Loans and other debts due to members
6
(5,052)
44,682 
(5,052)
44,682 
Total members' interests
Loans and other debts due to members
(5,052)
44,682 
(5,052)
44,682 
For the year ending 31 May 2022 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 16 November 2022.
Mr Phillip J Le Couteur-Kicke Designated member Limited Liability Partnership Registration No. OC417212
- 4 -
Autohaus Newport LLP Notes to the Accounts for the year ended 31 May 2022
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Members' remuneration
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense. Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
2
Statutory information
Autohaus Newport LLP is a limited liability partnership, incorporated in England and Wales, registration number OC417212. Its registered office is Dragon House, Traston Road, Newport, NP19 4RQ.
- 5 -
Autohaus Newport LLP Notes to the Accounts for the year ended 31 May 2022
3
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2021
3,124 
155 
3,279 
At 31 May 2022
3,124 
155 
3,279 
Depreciation
At 1 June 2021
3,124 
155 
3,279 
At 31 May 2022
3,124 
155 
3,279 
Net book value
At 31 May 2022
- 
- 
- 
4
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
2,122 
2,122 
Trade creditors
56,271 
11,204 
Other creditors
500 
- 
Accruals
2,500 
2,500 
61,393 
15,826 
5
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
12,141 
12,878 
6
Loans and other debts due to members
2022 
2021 
£ 
£ 
Amounts due to members in respect of profits
(5,052)
44,682 
Amounts falling due within one year
(5,052)
44,682 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 4 (2021: 4).
- 6 -