White Dott LLP - Accounts to registrar (filleted) - small 18.2

White Dott LLP - Accounts to registrar (filleted) - small 18.2

WHITE DOTT LLP - Company Information

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REGISTERED NUMBER: OC391851 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

WHITE DOTT LLP
WHITE DOTT LLP (REGISTERED NUMBER: OC391851)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITE DOTT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DESIGNATED MEMBERS: S J Belofsky
Mrs E Beer





REGISTERED OFFICE: The Pinnacle
170 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1BP





REGISTERED NUMBER: OC391851 (England and Wales)





ACCOUNTANTS: Panton Accountancy Services Limited
The Pinnacle
170 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1BP
Page 1
WHITE DOTT LLP (REGISTERED NUMBER: OC391851)

BALANCE SHEET
31 MARCH 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,000 -
Investment property 5 8,000,000 8,000,000
8,100,000 8,000,000

CURRENT ASSETS
Debtors 6 447,526 536,004
Cash at bank 62,198 8,908
509,724 544,912
CREDITORS
Amounts falling due within one year 7 142,764 133,404
NET CURRENT ASSETS 366,960 411,508
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,466,960
8,411,508

CREDITORS
Amounts falling due after more than one
year
8
(1,900,000
)
(1,850,000
)

PROVISIONS FOR LIABILITIES (1,247,045 ) (1,247,045 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS
5,319,915
5,314,463

The notes form part of these financial statements

Page 2 continued...
WHITE DOTT LLP (REGISTERED NUMBER: OC391851)

BALANCE SHEET - continued
31 MARCH 2021

31.3.21 31.3.20
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS
10
331,735
326,283

MEMBERS' OTHER INTERESTS
Revaluation reserve 11 4,988,180 4,988,180
5,319,915 5,314,463

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 331,735 326,283
Members' other interests 4,988,180 4,988,180
Amounts due from members 6 (261,489 ) (304,630 )
5,058,426 5,009,833

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 March 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 March 2022 and were signed by:




S J Belofsky - Designated member




Mrs E Beer - Designated member


The notes form part of these financial statements

Page 3
WHITE DOTT LLP (REGISTERED NUMBER: OC391851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021


1. STATUTORY INFORMATION

White Dott LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable on investment property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2020 - 1,982 1,982
Additions 100,000 - 100,000
At 31 March 2021 100,000 1,982 101,982
DEPRECIATION
At 1 April 2020
and 31 March 2021 - 1,982 1,982
NET BOOK VALUE
At 31 March 2021 100,000 - 100,000
At 31 March 2020 - - -

Page 4 continued...
WHITE DOTT LLP (REGISTERED NUMBER: OC391851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2020
and 31 March 2021 8,000,000
NET BOOK VALUE
At 31 March 2021 8,000,000
At 31 March 2020 8,000,000

Fair value at 31 March 2021 is represented by:
£   
Valuation in 2015 1,535,224
Valuation in 2016 1,200,000
Valuation in 2018 500,000
Valuation in 2019 2,000,000
Valuation in 2020 1,000,000
Cost 1,764,776
8,000,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.21 31.3.20
£    £   
Cost 1,764,776 1,764,776

The investment property was valued on an open market basis on 31 March 2021 by the members .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Other debtors 447,526 536,004

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Other creditors 142,764 133,404

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.21 31.3.20
£    £   
Bank loans 1,900,000 1,850,000

Page 5 continued...
WHITE DOTT LLP (REGISTERED NUMBER: OC391851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.21 31.3.20
£    £   
Bank loans 1,900,000 1,850,000

The LLP has a debenture with Natwest over the company's assets. The LLP's bank loan is secured on the LLP's investment property at North Weald, Enfield and Sawbridgeworth.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

11. RESERVES
Revaluation
reserve
£   
At 1 April 2020
and 31 March 2021 4,988,180

Page 6