ROI Projects LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC329834 (England and Wales)

ROI PROJECTS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs A J Rivers

D J H Rivers

C J H Rivers

REGISTERED OFFICE:

Chequers Barn

Chequers Hill

Bough Beech

Edenbridge

Kent

TN8 7PD

REGISTERED NUMBER:

OC329834 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

FIXED ASSETS

Tangible assets

4

12,680

15,317

CURRENT ASSETS

Stocks

89,500

80,000

Debtors

92,703

114,959

182,203

194,959

CREDITORS

Amounts falling due within one year

107,819

166,831

NET CURRENT ASSETS

74,384

28,128

TOTAL ASSETS LESS CURRENT LIABILITIES

87,064

43,445

CREDITORS

Amounts falling due after more than one year

33,684

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

53,380

43,445

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

53,380

43,445

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

53,380

43,445

Amounts due from members

(20,863

)

(20,863

)

32,517

22,582

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 2022.

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 14 January 2023 and were signed by:

D J H Rivers - Designated member

1.	STATUTORY INFORMATION

ROI Projects 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

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 is measured at the value of the consideration received or receivable, net of discounts and value added taxes, from the provision of building construction services. Turnover is recognised according to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the duration of the contract with the period in the year that the service was provided. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% straight line

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

42,189

DEPRECIATION

At 1 April 2021

26,872

Charge for year

2,637

At 31 March 2022

29,509

NET BOOK VALUE

At 31 March 2022

12,680

At 31 March 2021

15,317

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.

6.	RELATED PARTY DISCLOSURES

During the period under review the LLP was controlled by its designated members.

As at 31 March 2022, the LLP was owed £63,456 (2021 - £85,000) by Step Three Construction Limited, a company owned and directed by members of the LLP.

As at 31 March 2022, the LLP owed £41,531 (2021 - £41,531) to Amber Creative Ltd, a company owned and directed by a member of the LLP.

As at 31 March 2022, the LLP owed £243 (2021 - £243) to Amber Creative (GFL) Limited, a company owned and directed by a member of the LLP.