M&DH Executive Chauffeurs LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC392213 (England and Wales)

Financial Statements

for the Year Ended 31 December 2021

for

M&DH EXECUTIVE CHAUFFEURS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr R Hames

Mrs D Hames

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

OC392213 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

574,238

213,510

CURRENT ASSETS

Debtors

5

173,713

174,049

Cash at bank

930

3,571

174,643

177,620

CREDITORS

Amounts falling due within one year

6

311,404

189,435

NET CURRENT LIABILITIES

(136,761

)

(11,815

)

TOTAL ASSETS LESS CURRENT LIABILITIES

437,477

201,695

CREDITORS

Amounts falling due after more than one year

7

437,477

201,695

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

5

(45,339

)

(58,071

)

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 December 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 29 April 2022 and were signed by:

Mr R Hames - Designated member

1.	STATUTORY INFORMATION

M&DH Executive Chauffeurs 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.

Related party exemption

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Motor vehicles

-

20% on reducing balance

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 January 2021

363,183

Additions

665,363

Disposals

(326,183

)

At 31 December 2021

702,363

DEPRECIATION

At 1 January 2021

149,673

Charge for year

63,995

Eliminated on disposal

(85,543

)

At 31 December 2021

128,125

NET BOOK VALUE

At 31 December 2021

574,238

At 31 December 2020

213,510

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

3,186

1,630

Amounts due from members

45,339

58,071

Prepayments and accrued income

125,188

114,348

173,713

174,049

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Loans

11,308

-

Hire purchase contracts

79,288

45,816

Trade creditors

1

-

Amounts owed to group undertakings

202,842

120,782

VAT

5,236

10,411

Other creditors

3,229

3,726

Accruals and deferred income

9,500

8,700

311,404

189,435

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Loans

11,308

50,000

Other loans - 2-5 years

16,644

-

Hire purchase contracts

409,525

151,695

437,477

201,695