Fresh Thinking Partners Two Llp - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC386815 (England and Wales)

FRESH THINKING PARTNERS TWO LLP

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ms M A Hird

A J Walls

REGISTERED OFFICE:

Park House

Park Square West

Leeds

West Yorkshire

LS1 2PW

REGISTERED NUMBER:

OC386815 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Tangible assets

4

1,580

3,267

CURRENT ASSETS

Debtors

5

442,400

442,400

Cash at bank

28,741

25,501

471,141

467,901

CREDITORS

Amounts falling due within one year

6

3,557

4,404

NET CURRENT ASSETS

467,584

463,497

TOTAL ASSETS LESS CURRENT LIABILITIES

469,164

466,764

CREDITORS

Amounts falling due after more than one year

7

24,113

25,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

445,051

441,764

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

445,051

441,764

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

445,051

441,764

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 July 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 28 February 2022 and were signed by:

Ms M A Hird - Designated member

A J Walls - Designated member

1.	STATUTORY INFORMATION

Fresh Thinking Partners Two 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.

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.

Plant and machinery etc

-

25% on cost

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2020

and 31 July 2021

6,749

DEPRECIATION

At 1 August 2020

3,482

Charge for year

1,687

At 31 July 2021

5,169

NET BOOK VALUE

At 31 July 2021

1,580

At 31 July 2020

3,267

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade debtors

2,400

2,400

Other debtors

440,000

440,000

442,400

442,400

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Taxation and social security

3,132

417

Other creditors

425

3,987

3,557

4,404

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.21

31.7.20

£

£

Bank loans

24,113

25,000

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.