Varney Property Investments LLP - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: OC442930 (England and Wales)

VARNEY PROPERTY INVESTMENTS LLP

FINANCIAL STATEMENTS

FOR THE PERIOD 30 JUNE 2022 TO 30 JUNE 2023

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mrs J Varney

S Varney

REGISTERED OFFICE:

Unit 5, Buckingham Square

Hurricane Way

Wickford

Essex

SS11 8YQ

REGISTERED NUMBER:

OC442930 (England and Wales)

ACCOUNTANTS:

Lucentum Business Services Ltd

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

TOTAL MEMBERS' INTERESTS

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 period ended 30 June 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 9 October 2023 and were signed by:

S Varney - Designated member

1.	STATUTORY INFORMATION

Varney Property Investments 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 (£).

Amounts in these financial statements are rounded to the nearest Pound Sterling (£).

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.

The LLP was dormant throughout the period ended 30 June 2023.

Members' capital and repayment of capital

In accordance with the LLP agreement, the firm determines the amount of profit to be treated as members’ fixed remuneration. This profit is treated as allocated. The members’ agreement sets out the % required to be automatically allocated. Allocated profit is included within ‘loans and other debts due to members’ in ‘other

amounts’.

Drawings are treated as payments on account of profit allocation and are only repayable to the LLP in so far as there are insufficient profits to allocate against such drawings. Any drawings in excess of total profits allocated would be included within ‘amounts due from members’ within debtors.

The capital requirements of the partnership are determined by the members/Board and are reviewed regularly.

Taxation

Tax payable on the profits arising in the LLP are a personal tax liability of the members of the LLP and therefore are not included as a tax charge or provision within these financial statements.

4.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL.