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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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LLP Formations No 70 LLP |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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LLP Formations No 70 LLP |
LLP Formations No 70 LLP (Registered number: OC358382) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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LLP Formations No 70 LLP |
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General Information |
for the Year Ended 31 March 2022 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Gowran House |
56 Broad Street |
Chipping Sodbury |
Bristol |
BS37 6AG |
LLP Formations No 70 LLP (Registered number: OC358382) |
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Balance Sheet |
31 March 2022 |
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31.3.22 | 31.3.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
1,178,049 |
1,178,228 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
1,178,049 |
1,178,228 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 1,178,049 | 1,178,228 |
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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. |
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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. |
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The financial statements were approved by the members of the LLP and authorised for issue on
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LLP Formations No 70 LLP (Registered number: OC358382) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
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1. | STATUTORY INFORMATION |
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LLP Formations No 70 LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investment property |
Investment properties are reflected at cost and no depreciation has been provided as it is considered that market value is in excess of cost. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2021 |
and 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 31 March 2021 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Rents received in advance | 6,770 | 6,770 |
Sundry creditors and accruals |
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Bank loan | 19,292 | 20,308 |
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