Chef Shack Streetfood LLP - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC439063 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2023

for

CHEF SHACK STREETFOOD LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Designated members:

C J Kelly

R S Clarke

Registered office:

10 Crown Works Crescent

Shirley

Solihull

West Midlands

B90 1ER

Registered number:

OC439063 (England and Wales)

Fixed assets

Tangible assets

4

3,247

7,048

Current assets

Debtors

5

2,180

337

Cash at bank

2,682

2,238

4,862

2,575

Creditors

Amounts falling due within one year

6

5,223

7,065

Net current liabilities

(361

)

(4,490

)

Total assets less current liabilities

and

Net assets attributable to members

2,886

2,558

Loans and other debts due to members

7

2,886

2,558

Total members' interests

Loans and other debts due to members

7

2,886

2,558

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 30 September 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 24 April 2024 and were signed by:

C J Kelly - Designated member

1.	Statutory information

Chef Shack Streetfood LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% - 50% on cost

Fixtures and fittings

-

50% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and other debts due to members

In the event of a winding up the amounts included in 'Loans and other debtors due to members" will rank equally with unsecured creditors.

3.	Employee information

The average number of employees during the year was 2 (2022 - 2 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 October 2022

6,303

2,560

8,863

Additions

-

749

749

At 30 September 2023

6,303

3,309

9,612

Depreciation

At 1 October 2022

1,356

459

1,815

Charge for year

2,718

1,832

4,550

At 30 September 2023

4,074

2,291

6,365

Net book value

At 30 September 2023

2,229

1,018

3,247

At 30 September 2022

4,947

2,101

7,048

5.

Debtors: amounts falling due within one year

2023

2022

£

£

Other debtors

334

-

Prepayments

1,846

337

2,180

337

6.

Creditors: amounts falling due within one year

2023

2022

£

£

Trade creditors

1,758

1,960

Social security and other taxes

965

-

VAT

-

3,735

Accruals and deferred income

2,500

1,370

5,223

7,065

7.

Loans and other debts due to members

In the event of a winding up the amounts included in 'Loans and other debtors due to members" will rank equally with unsecured creditors.

8.	Ultimate controlling party

The LLP is ultimately controlled by its members.