Avalon Innovations LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC364751 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Avalon Innovations LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D Hibbart

Mrs K Hibbart

REGISTERED OFFICE:

Suite 100 Stanfords

Warninglid Lane

Warninglid

Haywards Heath

West Sussex

RH17 5TQ

REGISTERED NUMBER:

OC364751 (England and Wales)

ACCOUNTANTS:

Bentleys Accounting Limited

Suite 6, 141/143 South Road

Haywards Heath

West Sussex

RH16 4LY

FIXED ASSETS

Tangible assets

4

1,191

2,517

CURRENT ASSETS

Debtors

5

13,619

4,574

Cash at bank

166,137

132,464

179,756

137,038

CREDITORS

Amounts falling due within one year

6

28,522

17,871

NET CURRENT ASSETS

151,234

119,167

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

152,425

121,684

LOANS AND OTHER DEBTS DUE TO MEMBERS

152,425

121,684

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

152,425

121,684

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 2022.

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 16 December 2022 and were signed by:

D Hibbart - Designated member

1.	STATUTORY INFORMATION

Avalon Innovations 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

21,077

DEPRECIATION

At 1 April 2021

18,560

Charge for year

1,326

At 31 March 2022

19,886

NET BOOK VALUE

At 31 March 2022

1,191

At 31 March 2021

2,517

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

13,619

3,971

Other debtors

-

603

13,619

4,574

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

617

69

Taxation and social security

7,761

5,360

Other creditors

20,144

12,442

28,522

17,871