Blue Spire Holdings LLP - Accounts to registrar (filleted) - small 18.2
Blue Spire Holdings LLP - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
BLUE SPIRE HOLDINGS LLP |
BLUE SPIRE HOLDINGS LLP (REGISTERED NUMBER: OC413163) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
Page |
General Information | 1 |
Report of the Members | 2 |
Statement of Financial Position | 3 |
Notes to the Financial Statements | 5 |
BLUE SPIRE HOLDINGS LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
DESIGNATED MEMBERS: | Mr Ian David Harper |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants & Tax Advisers |
Fifth Floor |
11 Leadenhall Street |
London |
EC3V 1LP |
BLUE SPIRE HOLDINGS LLP (REGISTERED NUMBER: OC413163) |
REPORT OF THE MEMBERS |
FOR THE YEAR ENDED 31 MARCH 2018 |
The members present their report with the financial statements of the LLP for the year ended 31 March 2018. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of real estate business and property investment. |
DESIGNATED MEMBERS |
The designated members during the period under review were: |
Mr I D Harper |
Mrs M T Harper |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £21,326 (2017 - £6,590 profit). |
MEMBERS' INTERESTS |
The members take drawings in accordance with the partnership agreement. The profits of the business are attributed firstly to |
meet the expenses and liabilities of the partnership, secondly to provide for future trading, thirdly to apply remuneration for |
those members engaged in the business and finally to allocation of profits between the partners as decided from time to time. |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as applied by |
the Limited Liability Partnerships (Accounts and Audit) Application of Companies Act 2006) Regulations 2008 relating to |
small LLPs. |
ON BEHALF OF THE MEMBERS: |
BLUE SPIRE HOLDINGS LLP (REGISTERED NUMBER: OC413163) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
583,201 |
575,845 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
- |
MEMBERS' OTHER INTERESTS |
Capital accounts | 583,201 | 575,845 |
583,201 | 575,845 |
TOTAL MEMBERS' INTERESTS |
Members' other interests | 583,201 | 575,845 |
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. |
BLUE SPIRE HOLDINGS LLP (REGISTERED NUMBER: OC413163) |
STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2018 |
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 on |
BLUE SPIRE HOLDINGS LLP (REGISTERED NUMBER: OC413163) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
1. | STATUTORY INFORMATION |
Blue Spire Holdings 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 (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In preparing the financial statements, the members are required to make estimates and judgements about the carrying |
amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on |
historical experience and other factors that are considered by the members to be relevant. Revision to accounting |
estimates are recognised in the period in which the estimate is revised. |
Investment property |
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. |
Financial instruments |
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and |
liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. |
Financial assets that are measured at cost and amortized cost are assessed at the end of each reporting period for |
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in |
profit or loss. |
For financial assets measured at amortized cost, the impairment loss is measured as the difference between an asset's |
carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. |
If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current |
effective interest rate determined under the contract. |
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there |
is an enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise |
the asset and settle the liability simultaneously. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement |
of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2017 - 2 ). |
BLUE SPIRE HOLDINGS LLP (REGISTERED NUMBER: OC413163) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
4. | INVESTMENT PROPERTY |
Total |
£ |
Fair value |
At 1 April 2017 |
and 31 March 2018 |
Net book value |
At 31 March 2018 |
At 31 March 2017 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Accrued expenses |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 1,108,255 | 1,108,255 |