Victoria House Caterham LLP - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Victoria House Caterham LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M L Redman

Mrs S L Redman

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

OC382654 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

509,489

507,839

CURRENT ASSETS

Debtors

5

4,377

5,042

Cash at bank

17,531

6

21,908

5,048

CREDITORS

Amounts falling due within one year

6

35,596

5,845

NET CURRENT LIABILITIES

(13,688

)

(797

)

TOTAL ASSETS LESS CURRENT LIABILITIES

495,801

507,042

CREDITORS

Amounts falling due after more than one year

7

25,000

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

470,801

507,042

LOANS AND OTHER DEBTS DUE TO MEMBERS

470,801

507,042

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

470,801

507,042

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 30 September 2021 and were signed by:

M L Redman - Designated member

1.	STATUTORY INFORMATION

Victoria House Caterham 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.

Turnover

Turnover represents rental income, excluding value added tax, recognised in the period to which it relates.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2020

500,000

24,684

2,151

526,835

Additions

-

1,368

599

1,967

At 31 March 2021

500,000

26,052

2,750

528,802

DEPRECIATION

At 1 April 2020

-

18,179

817

18,996

Charge for year

-

167

150

317

At 31 March 2021

-

18,346

967

19,313

NET BOOK VALUE

At 31 March 2021

500,000

7,706

1,783

509,489

At 31 March 2020

500,000

6,505

1,334

507,839

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

VAT

-

665

Prepayments and accrued income

4,377

4,377

4,377

5,042

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

-

2,593

Trade creditors

1

2

VAT

4,299

-

Accruals and deferred income

29,296

1,250

Accrued expenses

2,000

2,000

35,596

5,845

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans more 5 yr by instal

25,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

25,000

-

8.	ULTIMATE CONTROLLING PARTY

The LLP is wholly under the control of M L Redman and Mrs S L Redman.