Accounts filed on 28-02-2017

Accounts filed on 28-02-2017

TEAK INVESTMENTS LLP - Company Information

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OC397886falseproperty investments2016-02-292017-02-28http://www.companieshouse.gov.uk/2016-02-28http://www.companieshouse.gov.uk/cd:Director12016-02-292017-02-28http://www.companieshouse.gov.uk/cd:Director22016-02-292017-02-28http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP2016-02-292017-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2016-02-292017-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2016-02-292017-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2017-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2016-02-28http://www.companieshouse.gov.uk/2016-02-292017-02-28http://www.companieshouse.gov.uk/2016-02-28http://www.companieshouse.gov.uk/cd:FRS1022016-02-292017-02-28http://www.companieshouse.gov.uk/2017-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2016-02-292017-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: OC397886
TEAK INVESTMENTS LLP
ACCOUNTS
FOR THE YEAR ENDED 28/02/2017
TEAK INVESTMENTS LLP
CONTENTS
Page
Report of the Members-
Report of the Accountants-
Profit and Loss Account-
Balance Sheet3
Notes to the Accounts4
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account-
Profit and Loss Account Summaries-
Capital Accounts-
Current Accounts-
TEAK INVESTMENTS LLP
ACCOUNTS
FOR THE YEAR ENDED 28/02/2017
DESIGNATED MEMBERS
Asher Brecher
Malki Brecher
REGISTERED OFFICE
59 Hillside Road
London
N15 6LU
COMPANY NUMBER
OC397886
TEAK INVESTMENTS LLP
BALANCE SHEET AT 28/02/2017
20172016
Notes££
FIXED ASSETS
Tangible assets2958,702471,230
CURRENT ASSETS
Debtors3229,866140,056
Cash at bank and in hand11,1465,573
241,012145,629
CREDITORS: Amounts falling due within one year1,199,714616,859
NET CURRENT LIABILITIES(958,702)(471,230)
MEMBERS ' OTHER INTERESTS
TOTAL MEMBERS' INTERESTS
Amounts due from members3(115,912)(35,074)
(115,912)(35,074)
For the year ending 28/02/2017 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 01/01/2018 and signed on their behalf by
.............................
Asher Brecher
Designated Member
TEAK INVESTMENTS LLP
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2017
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. TANGIBLE FIXED ASSETS
Cost
At 28/02/2017
Depreciation
At 28/02/2017
Net Book Amounts
At 28/02/2017
TEAK INVESTMENTS LLP
3. DEBTORS 20172016
££
Amounts falling due within one year:
Amounts due from members115,91235,074
Other Debtors113,954104,982
229,866140,056