Hebrides 2006 LLP - LLP accounts 20.1

Hebrides 2006 LLP - LLP accounts 20.1

HEBRIDES 2006 LLP - Company Information

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REGISTERED NUMBER: OC319019 (England and Wales)



















Report of the Members and

Unaudited Financial Statements

for the Year Ended 31st December 2020

for

HEBRIDES 2006 LLP
HEBRIDES 2006 LLP (REGISTERED NUMBER: OC319019)






Contents of the Financial Statements
for the year ended 31st December 2020




Page

General Information 1

Report of the Members 2

Income Statement 3

Statement of Financial Position 4

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


HEBRIDES 2006 LLP

General Information
for the year ended 31st December 2020







DESIGNATED MEMBERS: C G Harman
C Ahmet
B J A Maltese
I Wicks





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: OC319019 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN
Page 1
HEBRIDES 2006 LLP (REGISTERED NUMBER: OC319019)

Report of the Members
for the year ended 31st December 2020

The members present their report with the financial statements of the LLP for the year ended 31st December 2020.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of a holding company.

DESIGNATED MEMBERS
The designated members during the year under review were:

C G Harman
C Ahmet
B J A Maltese
I Wicks

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £1,298 (2019 - £2,329 loss).

MEMBERS' INTERESTS
The policy in relation to members' subscriptions and repayment of capital, whether equity or debt, is established in the Members' Agreement. No transfers of members' interests from capital to debt have taken place during the period or up to the date of approval of the financial statements.

ON BEHALF OF THE MEMBERS:





C G Harman - Designated member


30th September 2021

Page 2
HEBRIDES 2006 LLP (REGISTERED NUMBER: OC319019)

Income Statement
for the year ended 31st December 2020

31.12.20 31.12.19
£    £   

REVENUE - -

Administrative expenses 1,298 2,329
OPERATING LOSS and
LOSS FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


(1,298


)


(2,329


)

The notes form part of these financial statements

Page 3
HEBRIDES 2006 LLP (REGISTERED NUMBER: OC319019)

Statement of Financial Position
31st December 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Investments 4 45,000 45,000

CURRENT ASSETS
Debtors 807,681 817,999
Cash at bank 1,632 -
809,313 817,999
CREDITORS
Amounts falling due within one year 5 2,861 11,547
NET CURRENT ASSETS 806,452 806,452
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 851,452 851,452

LOANS AND OTHER DEBTS DUE TO MEMBERS - -

MEMBERS' OTHER INTERESTS
Capital accounts 851,452 851,452
851,452 851,452

TOTAL MEMBERS' INTERESTS
Members' other interests 851,452 851,452
Amounts due from members (807,681 ) (817,999 )
43,771 33,453

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 31st December 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 notes form part of these financial statements

Page 4 continued...
HEBRIDES 2006 LLP (REGISTERED NUMBER: OC319019)

Statement of Financial Position - continued
31st December 2020


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 30th September 2021 and were signed by:




C G Harman - Designated member




B J A Maltese - Designated member


The notes form part of these financial statements

Page 5
HEBRIDES 2006 LLP (REGISTERED NUMBER: OC319019)

Reconciliation of Members' Interests
for the year ended 31st December 2020


EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1st January 2020 851,452 - 851,452
Loss for the financial year available for discretionary
division among members
-
(1,298
)
(1,298
)
Members' interests after loss for the year 851,452 (1,298 ) 850,154
Other divisions of loss - 1,298 1,298
Introduced by members - - -
Balance at 31st December 2020 851,452 - 851,452

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members -
Amount due from members (817,999 )
Balance at 1st January 2020 (817,999 ) 33,453
Loss for the financial year available for discretionary
division among members
-
(1,298
)
Members' interests after loss for the year (817,999 ) 32,155
Other divisions of loss (1,298 ) -
Introduced by members 11,616 11,616
Amount due to members -
Amount due from members (807,681 )
Balance at 31st December 2020 (807,681 ) 43,771

The notes form part of these financial statements

Page 6
HEBRIDES 2006 LLP (REGISTERED NUMBER: OC319019)

Reconciliation of Members' Interests
for the year ended 31st December 2020

EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1st January 2019 851,452 - 851,452
Loss for the financial year available for discretionary
division among members
-
(2,329
)
(2,329
)
Members' interests after loss for the year 851,452 (2,329 ) 849,123
Other divisions of loss - 2,329 2,329
Balance at 31st December 2019 851,452 - 851,452

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members -
Amount due from members (815,670 )
Balance at 1st January 2019 (815,670 ) 35,782
Loss for the financial year available for discretionary
division among members
-
(2,329
)
Members' interests after loss for the year (815,670 ) 33,453
Other divisions of loss (2,329 ) -
Amount due to members -
Amount due from members (817,999 )
Balance at 31st December 2019 (817,999 ) 33,453

The notes form part of these financial statements

Page 7
HEBRIDES 2006 LLP (REGISTERED NUMBER: OC319019)

Notes to the Financial Statements - continued
for the year ended 31st December 2020

1. STATUTORY INFORMATION

Hebrides 2006 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

Going concern
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.

The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEE INFORMATION

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2020
and 31st December 2020 45,000
NET BOOK VALUE
At 31st December 2020 45,000
At 31st December 2019 45,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Bank loans and overdrafts - 9,905
Amounts owed to group undertakings 442 442
Accruals 2,419 1,200
2,861 11,547

Page 8