BAILEY_CARE_HOMES_LLP - Accounts
BAILEY_CARE_HOMES_LLP - Accounts
The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.
Bailey Care Homes LLP is a limited liability partnership incorporated in England and Wales. The registered office is 140 Buckingham Palace Road, London, SW1W 9SA.
The limited liability partnership's principal activities are disclosed in the Members' Report.
These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in January 2017, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The LLP has not traded during the year or the preceding financial period. During this time the LLP received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.