Registered No. OC344341 (England and Wales)
53 King Street LLP
Unaudited accounts
for the year ended 31 March 2021
53 King Street LLP
LLP Information
for the year ended 31 March 2021
Designated members
M Leahy Property Ltd
Registered Number
OC344341 (England and Wales)
Registered Office
53 KING STREET
MANCHESTER
M2 4LQ
ENGLAND
Accountants
Davenports Group Ltd
Preservation House
Badger Street
Bury
BL9 6AD
53 King Street LLP
Statement of financial position
as at 31 March 2021
Tangible assets
17,939,852
17,907,372
Debtors
1,740,809
1,782,583
Cash at bank and in hand
1,132,340
1,487,585
Creditors: amounts falling due within one year
(310,291)
(301,389)
Net current assets
2,562,858
2,968,779
Total assets less current liabilities
20,502,710
20,876,151
Creditors: amounts falling due after more than one year
(8,105,818)
(8,402,532)
Net assets attributable to members
12,396,892
12,473,619
Members' capital classified as equity
1,266,188
1,849,027
Revaluation reserve
10,841,748
10,841,748
Other reserves
288,956
(217,156)
Members' other interests
12,396,892
12,473,619
For the year ending 31 March 2021 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 28 February 2022.
Pirannah Freight Limited
Designated member
Limited Liability Partnership Registration No. OC344341
53 King Street LLP
Notes to the Accounts
for the year ended 31 March 2021
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not Depreciated
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
53 King Street LLP is a limited liability partnership, incorporated in England and Wales, registration number OC344341. Its registered office is 53 KING STREET, MANCHESTER, M2 4LQ, ENGLAND.
3
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
17,905,166
-
12,394
17,917,560
Additions
-
38,248
-
38,248
Disposals
-
-
(12,394)
(12,394)
At 31 March 2021
17,905,166
38,248
-
17,943,414
At 1 April 2020
-
-
10,188
10,188
Charge for the year
-
3,562
-
3,562
On disposals
-
-
(10,188)
(10,188)
At 31 March 2021
-
3,562
-
3,562
At 31 March 2021
17,905,166
34,686
-
17,939,852
At 31 March 2020
17,905,166
-
2,206
17,907,372
4
Creditors: amounts falling due within one year
2021
2020
Trade creditors
58,898
61,277
Taxes and social security costs
-
4,330
53 King Street LLP
Notes to the Accounts
for the year ended 31 March 2021
5
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
8,200,000
8,400,000
Other creditors
(71,866)
2,532
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 1 (2020: 1).
