Registered No. SO305432 (Scotland)
Red Star Property Rentals LLP
Unaudited accounts
for the year ended 31 March 2023
Red Star Property Rentals LLP
LLP Information
for the year ended 31 March 2023
Designated members
Mrs Agnieszka Roberts
Miss Aleksandra Rolbiecka
Registered Number
SO305432 (Scotland)
Registered Office
6 Lady Wynd
Cupar
Fife
KY15 4DE
United Kingdom
Accountants
Edenfyfe Accounts Limited
H5 Newark Road South
Glenrothes
Fife
KY7 4NS
Red Star Property Rentals LLP
Statement of financial position
as at 31 March 2023
Investment property
1,270,523
1,307,648
Cash at bank and in hand
1,984
1,224
Creditors: amounts falling due within one year
(136,580)
(64,425)
Net current liabilities
(131,164)
(61,424)
Total assets less current liabilities
1,139,386
1,246,390
Creditors: amounts falling due after more than one year
(384,905)
(468,680)
Net assets attributable to members
754,481
777,710
Loans and other debts due to members
754,481
777,710
Loans and other debts due to members
754,481
777,710
For the year ending 31 March 2023 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 18 January 2024.
Mrs Agnieszka Roberts
Designated member
Limited Liability Partnership Registration No. SO305432
Red Star Property Rentals LLP
Notes to the Accounts
for the year ended 31 March 2023
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.
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 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:
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
The accounts are presented in £ sterling.
Red Star Property Rentals LLP is a limited liability partnership, incorporated in Scotland, registration number SO305432. Its registered office is 6 Lady Wynd, Cupar, Fife, KY15 4DE, United Kingdom.
3
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
97
551
648
At 31 March 2023
97
551
648
At 1 April 2022
97
385
482
Charge for the year
-
139
139
At 31 March 2023
97
524
621
At 31 March 2022
-
166
166
Fair value at 1 April 2022
1,307,648
At 31 March 2023
1,270,523
Red Star Property Rentals LLP
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
85,797
-
Other creditors
47,346
53,456
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
384,905
468,680
7
Loans and other debts due to members
2023
2022
Loans from members
754,481
777,710
Amounts falling due within one year
754,481
777,710
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
