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Report of the Members and |
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Unaudited Financial Statements for the Year Ended 5 April 2020 |
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TAYSCREST LLP |
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REGISTERED NUMBER:
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Report of the Members and |
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Unaudited Financial Statements for the Year Ended 5 April 2020 |
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for |
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TAYSCREST LLP |
TAYSCREST LLP (REGISTERED NUMBER: OC359600) |
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Contents of the Financial Statements |
for the Year Ended 5 April 2020 |
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General Information | 1 |
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Report of the Members | 2 |
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Statement of Financial Position | 3 |
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Notes to the Financial Statements | 5 |
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TAYSCREST LLP |
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General Information |
for the Year Ended 5 April 2020 |
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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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The Granary |
Brewer Street |
Bletchingley |
Surrey |
RH1 4QP |
TAYSCREST LLP (REGISTERED NUMBER: OC359600) |
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Report of the Members |
for the Year Ended 5 April 2020 |
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The members present their report with the financial statements of the LLP for the year ended 5 April 2020. |
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PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of the licensing,development and |
exploitation of know how and intellectual property, which is unchanged from the previous year. |
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DESIGNATED MEMBERS |
The designated members during the year under review were: |
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RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The loss for the year before members' remuneration and profit shares was £1,257 (2019 - £17,783 loss). |
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MEMBERS' INTERESTS |
Members' capital contributions are required to be contributed and advanced in cash. |
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Any member may borrow from the limited liability partnership's bankers up to 80% of their total capital |
contribution. Members do not have the right to the return of their capital contributions other than upon the |
termination or liquidation of the limited liability partnership. |
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Profits and losses are allocated between the members in the proportions that their respective capital |
contributions bear to the total of the capital contributions of all members. |
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Profits are distributed to the members at such time and in such amounts as the members may determine but |
no drawings are permitted which would leave the limited liability partnership insolvent or which in the opinion |
of the members might leave the limited liability partnership with insufficient funds to meet any of its future |
liabilities and obligations. |
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ON BEHALF OF THE MEMBERS: |
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TAYSCREST LLP (REGISTERED NUMBER: OC359600) |
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Statement of Financial Position |
5 April 2020 |
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5.4.20 | 5.4.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
415,166 |
432,470 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
3,427 |
20,731 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 8,600,002 | 8,600,002 |
Other reserves | ( |
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415,166 | 432,470 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 3,427 | 20,731 |
Members' other interests | 411,739 | 411,739 |
Amounts due from members | 5 | (390,216 | ) | (406,263 | ) |
24,950 | 26,207 |
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The members acknowledge their responsibilities for: |
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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 |
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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. |
TAYSCREST LLP (REGISTERED NUMBER: OC359600) |
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Statement of Financial Position - continued |
5 April 2020 |
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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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TAYSCREST LLP (REGISTERED NUMBER: OC359600) |
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Notes to the Financial Statements |
for the Year Ended 5 April 2020 |
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1. | STATUTORY INFORMATION |
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Tayscrest 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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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost less any accumulated amortisation and any accumulated impairment losses. |
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Intangible fixed assets and amortisation |
Intangible fixed assets are stated at cost less amortisation. Amortisation is provided so as to fully write |
down the assets' carrying value over the anticipated period of profitable exploitation under existing |
arrangements. |
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Compliance with accounting standards |
The financial statements are prepared in accordance with the Financial Reporting Standard for Smaller |
Entities (effective April 2008) and the Statement of Recommended Practice Accounting by Limited |
Liability |
Partnerships published in 2010. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
At 6 April 2019 |
and 5 April 2020 |
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AMORTISATION |
At 6 April 2019 |
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Charge for year |
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At 5 April 2020 |
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NET BOOK VALUE |
At 5 April 2020 |
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At 5 April 2019 |
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TAYSCREST LLP (REGISTERED NUMBER: OC359600) |
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Notes to the Financial Statements - continued |
for the Year Ended 5 April 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.20 | 5.4.19 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.20 | 5.4.19 |
£ | £ |
Trade creditors |
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Other creditors |
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