The Craggs Country Business Park LLP - Accounts to registrar (filleted) - small 18.2

The Craggs Country Business Park LLP - Accounts to registrar (filleted) - small 18.2

THE CRAGGS COUNTRY BUSINESS PARK LLP - Company Information

Print Friendly Version

IRIS Accounts Production v21.3.0.583 OC364415 designated member 1.4.20 31.3.21 31.3.21 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3644152020-03-31OC3644152021-03-31OC3644152020-04-012021-03-31OC3644152019-03-31OC3644152019-04-012020-03-31OC3644152020-03-31OC364415ns16:EnglandWales2020-04-012021-03-31OC364415ns15:PoundSterling2020-04-012021-03-31OC364415ns11:Director12020-04-012021-03-31OC364415ns11:LimitedLiabilityPartnershipLLP2020-04-012021-03-31OC364415ns11:SmallEntities2020-04-012021-03-31OC364415ns11:AuditExempt-NoAccountantsReport2020-04-012021-03-31OC364415ns11:SmallCompaniesRegimeForAccounts2020-04-012021-03-31OC364415ns11:LimitedLiabilityPartnershipsSORP2020-04-012021-03-31OC364415ns11:FullAccounts2020-04-012021-03-31OC364415ns11:Director22020-04-012021-03-31OC364415ns11:Director32020-04-012021-03-31OC364415ns11:Director42020-04-012021-03-31OC364415ns11:RegisteredOffice2020-04-012021-03-31OC364415ns6:CurrentFinancialInstruments2021-03-31OC364415ns6:CurrentFinancialInstruments2020-03-31OC364415ns6:Non-currentFinancialInstruments2021-03-31OC364415ns6:Non-currentFinancialInstruments2020-03-31OC364415ns6:RevaluationReserve2021-03-31OC364415ns6:RevaluationReserve2020-03-31OC364415ns6:LandBuildings2020-04-012021-03-31OC364415ns6:PlantMachinery2020-04-012021-03-31OC364415ns6:LandBuildings2020-03-31OC364415ns6:PlantMachinery2020-03-31OC364415ns6:LandBuildings2021-03-31OC364415ns6:PlantMachinery2021-03-31OC364415ns6:LandBuildings2020-03-31OC364415ns6:PlantMachinery2020-03-31OC364415ns6:CostValuation2020-03-31OC364415ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-03-31OC364415ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-31OC364415ns6:RevaluationReserve2020-04-012021-03-31


REGISTERED NUMBER: OC364415 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

THE CRAGGS COUNTRY BUSINESS PARK LLP
THE CRAGGS COUNTRY BUSINESS PARK LLP (REGISTERED NUMBER: OC364415)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CRAGGS COUNTRY BUSINESS PARK LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DESIGNATED MEMBERS: C Bingham
Mrs H L Bingham
R E Thornber
Mrs J A Thornber





REGISTERED OFFICE: Craggs Country Business Park
New Road
Cragg Vale
Hebden Bridge
HX7 5TT





REGISTERED NUMBER: OC364415 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD
Page 1
THE CRAGGS COUNTRY BUSINESS PARK LLP (REGISTERED NUMBER: OC364415)

BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 361,098 555,669
Investments 5 100 100
Investment property 6 2,725,393 2,475,393
3,086,591 3,031,162

CURRENT ASSETS
Debtors 7 228,127 300,975
Cash at bank and in hand 61,829 11,441
289,956 312,416
CREDITORS
Amounts falling due within one year 8 545,727 400,070
NET CURRENT LIABILITIES (255,771 ) (87,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,830,820
2,943,508

CREDITORS
Amounts falling due after more than
one year
9
1,242,234
1,334,879
NET ASSETS ATTRIBUTABLE TO
MEMBERS
1,588,586
1,608,629

LOANS AND OTHER DEBTS DUE TO
MEMBERS
10
1,449,946
1,578,629

MEMBERS' OTHER INTERESTS
Capital accounts 30,000 30,000
Revaluation reserve 11 108,640 -
1,588,586 1,608,629

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,449,946 1,578,629
Members' other interests 138,640 30,000
1,588,586 1,608,629

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 notes form part of these financial statements

Page 2 continued...
THE CRAGGS COUNTRY BUSINESS PARK LLP (REGISTERED NUMBER: OC364415)

BALANCE SHEET - continued
31 MARCH 2021


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 21 December 2021 and were signed by:





Mrs H L Bingham - Designated member

The notes form part of these financial statements

Page 3
THE CRAGGS COUNTRY BUSINESS PARK LLP (REGISTERED NUMBER: OC364415)

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

1. STATUTORY INFORMATION

The Craggs Country Business Park 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 as modified by the revaluation of certain assets.

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.
Land and buildings - over 25 years
Plant and machinery etc - over 10 years, over 15 years and over 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2020 198,543 682,408 880,951
Additions - 52,065 52,065
Disposals - (26,950 ) (26,950 )
Reclassification/transfer (198,543 ) - (198,543 )
At 31 March 2021 - 707,523 707,523
DEPRECIATION
At 1 April 2020 57,183 268,099 325,282
Charge for year - 92,250 92,250
Eliminated on disposal - (13,924 ) (13,924 )
Reclassification/transfer (57,183 ) - (57,183 )
At 31 March 2021 - 346,425 346,425
NET BOOK VALUE
At 31 March 2021 - 361,098 361,098
At 31 March 2020 141,360 414,309 555,669

Page 4 continued...
THE CRAGGS COUNTRY BUSINESS PARK LLP (REGISTERED NUMBER: OC364415)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2020
and 31 March 2021 100
NET BOOK VALUE
At 31 March 2021 100
At 31 March 2020 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2020 2,475,393
Additions 141,360
Revaluations 108,640
At 31 March 2021 2,725,393
NET BOOK VALUE
At 31 March 2021 2,725,393
At 31 March 2020 2,475,393

Fair value at 31 March 2021 is represented by:
£   
Valuation in 2021 108,640
Cost 2,616,753
2,725,393

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 88,127 137,328
Amounts owed by group undertakings 119,158 132,035
Other debtors 20,842 31,612
228,127 300,975

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 106,594 93,023
Hire purchase contracts 67,169 60,788
Trade creditors 16,421 14,332
Amounts owed to group undertakings 273,565 202,965
Taxation and social security 45,854 23,318
Other creditors 36,124 5,644
545,727 400,070

Page 5 continued...
THE CRAGGS COUNTRY BUSINESS PARK LLP (REGISTERED NUMBER: OC364415)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 1,065,919 1,118,013
Hire purchase contracts 176,315 216,866
1,242,234 1,334,879

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 606,886 723,053

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank pari passu to other creditors.

11. RESERVES
Revaluation
reserve
£   
Revaluations in year 108,640
At 31 March 2021 108,640

Page 6