A K N (Sussex) LLP - Accounts to registrar (filleted) - small 23.1.2

A K N (Sussex) LLP - Accounts to registrar (filleted) - small 23.1.2

A K N (SUSSEX) LLP - Company Information

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IRIS Accounts Production v23.1.0.753 OC337568 designated member designated member 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3375682022-03-31OC3375682023-03-31OC3375682022-04-012023-03-31OC3375682021-03-31OC3375682021-04-012022-03-31OC3375682022-03-31OC337568ns16:EnglandWales2022-04-012023-03-31OC337568ns15:PoundSterling2022-04-012023-03-31OC337568ns11:Director12022-04-012023-03-31OC337568ns11:Director22022-04-012023-03-31OC337568ns11:LimitedLiabilityPartnershipLLP2022-04-012023-03-31OC337568ns11:SmallEntities2022-04-012023-03-31OC337568ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-31OC337568ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31OC337568ns11:LimitedLiabilityPartnershipsSORP2022-04-012023-03-31OC337568ns11:FullAccounts2022-04-012023-03-31OC337568ns11:RegisteredOffice2022-04-012023-03-31OC337568ns6:CurrentFinancialInstruments2023-03-31OC337568ns6:CurrentFinancialInstruments2022-03-31OC337568ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31OC337568ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: OC337568 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

A K N (SUSSEX) LLP
A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A K N (SUSSEX) LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: Fitzpatrick LLP
First Charterhouse Enterprises Limited





REGISTERED OFFICE: Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE





REGISTERED NUMBER: OC337568 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE
Page 1
A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 509,490 509,490
Debtors 5 78,731 76,426
Cash at bank 166,072 121,397
754,293 707,313
CREDITORS
Amounts falling due within one year 6 5,439 6,447
NET CURRENT ASSETS 748,854 700,866
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
748,854
700,866

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
748,854
700,866

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 748,854 700,866

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 2023.

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 5 July 2023 and were signed by:





First Charterhouse Enterprises Limited - Designated member

The notes form part of these financial statements

Page 2
A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

A K N (Sussex) 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 (£).


The financial statements are rounded to the nearest £1.

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 represents the gross proceeds from sale of properties and gross rents receivable during the period and falls within the company's ordinary activities. Turnover is recognised at the point of completion of the sale of any property.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. STOCKS
2023 2022
£    £   
Stocks 509,490 509,490

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,830 775
Other debtors 75,901 75,651
78,731 76,426

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 5,439 6,447

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members represent allocated profits not yet paid to members and are due within one year. In the event of a winding up, loans and other debts due to members rank equally within unsecured debts, and no additional protection is afforded to creditors.

No restrictions exist on the ability of the members to reduce the amount of Members' other interests.

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