A K N (Sussex) LLP - Accounts to registrar (filleted) - small 18.2

A K N (Sussex) LLP - Accounts to registrar (filleted) - small 18.2

A K N (SUSSEX) LLP - Company Information

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IRIS Accounts Production v21.3.0.583 OC337568 designated member designated member 1.4.20 31.3.21 31.3.21 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3375682020-03-31OC3375682021-03-31OC3375682020-04-012021-03-31OC3375682019-03-31OC3375682019-04-012020-03-31OC3375682020-03-31OC337568ns16:EnglandWales2020-04-012021-03-31OC337568ns15:PoundSterling2020-04-012021-03-31OC337568ns11:Director12020-04-012021-03-31OC337568ns11:Director22020-04-012021-03-31OC337568ns11:LimitedLiabilityPartnershipLLP2020-04-012021-03-31OC337568ns11:SmallEntities2020-04-012021-03-31OC337568ns11:AuditExempt-NoAccountantsReport2020-04-012021-03-31OC337568ns11:SmallCompaniesRegimeForAccounts2020-04-012021-03-31OC337568ns11:LimitedLiabilityPartnershipsSORP2020-04-012021-03-31OC337568ns11:FullAccounts2020-04-012021-03-31OC337568ns11:RegisteredOffice2020-04-012021-03-31OC337568ns6:CurrentFinancialInstruments2021-03-31OC337568ns6:CurrentFinancialInstruments2020-03-31OC337568ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-03-31OC337568ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-31
REGISTERED NUMBER: OC337568 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

A K N (SUSSEX) LLP
A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A K N (SUSSEX) LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DESIGNATED MEMBERS: Fitzpatrick LLP
First Charterhouse Enterprises Limited





REGISTERED OFFICE: Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE





REGISTERED NUMBER: OC337568 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE
Page 1
A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Stocks 4 514,490 771,846
Debtors 5 80,280 84,710
Cash at bank 55,897 31,540
650,667 888,096
CREDITORS
Amounts falling due within one year 6 5,751 522,211
NET CURRENT ASSETS 644,916 365,885
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
644,916
365,885

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
644,916
365,885

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 644,916 365,885

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 20 October 2021 and were signed by:





First Charterhouse Enterprises Limited - Designated member

The notes form part of these financial statements

Page 2
A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

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


1. STATUTORY INFORMATION

A K N (Sussex) 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 (£).


The financial statements are rounded to the nearest £1.

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 the gross proceeds from sale of properties and gross rents receivable during the period and falls within the company's ordinary activities.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

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

4. STOCKS
2021 2020
£    £   
Stocks 514,490 771,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 715 3,460
Other debtors 79,565 81,250
80,280 84,710

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other creditors 5,751 522,211

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members represent allocated profits not yet paid to members and are due within one year. In the event of a winding up, loans and other debts due to members rank equally within unsecured debts, and no additional protection is afforded to creditors.

No restrictions exist on the ability of the members to reduce the amount of Members' other interests.

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