Fairfax Spitfires LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC375466 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2020

for

Fairfax Spitfires LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P R Monk

REGISTERED OFFICE:

Hangar 528

Biggin Hill Airport

Nr Westerham

Kent

TN16 3BN

REGISTERED NUMBER:

OC375466 (England and Wales)

ACCOUNTANTS:

Berry & Company

Chartered Accountants

7 Clarendon Place

King Street

Maidstone

Kent

ME14 1BQ

FIXED ASSETS

Tangible assets

4

-

2,063,723

CURRENT ASSETS

Debtors

5

-

2,559

Cash at bank

-

1,860

-

4,419

CREDITORS

Amounts falling due within one year

6

-

775

NET CURRENT ASSETS

-

3,644

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

2,067,367

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

-

2,067,367

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

-

2,067,367

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 May 2020.

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 1 July 2021 and were signed by:

P R Monk - Designated member

1.	STATUTORY INFORMATION

Fairfax Spitfires 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2019

2,063,723

Disposals

(2,063,723

)

At 31 May 2020

-

NET BOOK VALUE

At 31 May 2020

-

At 31 May 2019

2,063,723

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

-

2,559

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other creditors

-

775

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' rank equally with all other debts.