ACCOUNTS - Final Accounts

ANAGENNAO DEVELOPMENTS LLP - Company Information

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Registered number: OC340407

ANAGENNAO DEVELOPMENTS LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

ANAGENNAO DEVELOPMENTS LLP

REGISTERED NUMBER: OC340407

BALANCE SHEET

AS AT 31 DECEMBER 2020

		2020		2019
Note		£		£

Fixed assets
Tangible assets	4		771		687
Current assets
Debtors: amounts falling due within one year	5	373,139		404,187
Cash at bank and in hand		76,311		51,600
		449,450		455,787
Creditors: amounts falling due within one year	6	(450,221)		(456,474)
Net current liabilities			(771)		(687)

Net assets			£-		£-

Represented by:
Loans and other debts due to members within one year
Other amounts	-	-

	£-	£-

Total members' interests
Amounts due from members (included in debtors)	5	£(146,241)	£(177,144)

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

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ANAGENNAO DEVELOPMENTS LLP

REGISTERED NUMBER: OC340407

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2020

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 12 October 2021.

Barbentas Developments LLP

Designated member

The notes on pages 3 to 6 form part of these financial statements.

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ANAGENNAO DEVELOPMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1.	General information

Anagennao Developments LLP ("the LLP") is a limited liability partnership incorporated in England and Wales. Its registered number is OC340407. The registered office is Leytonstone House, Leytonstone, London, E11 1GA.
The principal activity of the LLP is to operate in PPPs and commercial property markets.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

2.2

Going concern

The accounts have been prepared on a going concern basis.

2.3

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
- the amount of revenue can be measured reliably;
- it is probable that the LLP will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Revenue represents the recoverable value of work done in the year, including estimates for work done at the year end, which includes an element of profit. The amounts recoverable for work done are recognised as accrued income within debtors.

2.4

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Government grants

Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

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ANAGENNAO DEVELOPMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

2.6

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

2.7

Members' remuneration

The profits are automatically allocated to the members in accordance with the Statement of Principles in force for the accounting period and are treated as members' remuneration charged as an expense to the statement of comprehensive income.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is charged on the following annual bases:

Furniture, fittings and equipment

33%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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ANAGENNAO DEVELOPMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

2.11

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.12

Creditors

Short term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the year was 2 (2019 - 2).

4.	Tangible fixed assets

		Furniture, fittings and equipment
		£
	Cost
	At 1 January 2020	3,615
	Additions	431
	At 31 December 2020	4,046
	Depreciation
	At 1 January 2020	2,928
	Charge for the year on owned assets	347
	At 31 December 2020	3,275
	Net book value
	At 31 December 2020	£771
	At 31 December 2019	£687

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ANAGENNAO DEVELOPMENTS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Debtors

					2020	2019
					£	£


Trade debtors	94,702	101,400
Amounts owed by group undertakings	20,393	20,393
Other debtors	2,460	1,500
Prepayments and accrued income	109,343	103,750
Amounts due from members	146,241	177,144
	£373,139	£404,187

6.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Trade creditors	409,503	400,751
Other taxation and social security	9,218	25,523
Accruals and deferred income	31,500	30,200
	£450,221	£456,474

7.	Controlling party

The LLP considers its ultimate parent entity and controlling party to be Barbentas Developments LLP.

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