Pegasus Midlands LLP - Period Ending 2021-03-31
Pegasus Midlands LLP - Period Ending 2021-03-31
Registration number:
Pegasus Midlands LLP
Unaudited
Financial Statements
for the
Year Ended 31 March 2021
Pegasus Midlands LLP
(Registration number: OC305545)
Balance Sheet as at 31 March 2021
2021 |
2020 |
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Net assets/(liabilities) attributable to members |
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Represented by: |
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For the year ending 31 March 2021 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to small limited liability partnerships.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of Pegasus Midlands LLP (registered number OC305545) were approved by the
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Designated member
Pegasus Midlands LLP
Notes to the Financial Statements for the Year Ended 31 March 2021
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Pegasus Midlands LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was