Reynolds 2000 (Properties) LLP

REGISTERED NUMBER: OC407512 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Page

Report of the Members

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

5

The members present their report with the financial statements of the LLP for the year ended 31 March 2021.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of

DESIGNATED MEMBERS

The designated members during the year under review were:

C Reynolds

Reynolds 2000 Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £585 (2020 - £4,184 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

C Reynolds - Designated member

16 December 2021

TURNOVER

18,491

14,301

Administrative expenses

17,906

10,117

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

585

4,184

FIXED ASSETS

Tangible assets

5

309,468

CURRENT ASSETS

Debtors

6

10,441

9,173

CREDITORS

Amounts falling due within one year

7

5,673

4,990

NET CURRENT ASSETS

4,768

4,183

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

314,236

313,651

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

6,391

5,806

MEMBERS' OTHER INTERESTS

Capital accounts

307,845

314,236

313,651

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

6,391

5,806

Members' other interests

307,845

314,236

313,651

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 16 December 2021 and were signed by:

C Reynolds - Designated member

1.	STATUTORY INFORMATION

Reynolds 2000 (Properties) LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC407512

Registered office:

C/O C R Reynolds Ltd

Redcliff Court

Redcliff Road

Hessle

HU13 0EY

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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

-

25% on reducing balance

4.	EMPLOYEE INFORMATION

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

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2020

and 31 March 2021

309,468

NET BOOK VALUE

At 31 March 2021

309,468

At 31 March 2020

309,468

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Other debtors

10,441

9,173

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Other creditors

5,673

4,990

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

Reynolds 2000 (Properties) LLP - LLP accounts 20.1

Reynolds 2000 (Properties) LLP - LLP accounts 20.1