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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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Redfern Investments LLP |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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Redfern Investments LLP |
Redfern Investments LLP (Registered number: OC360094) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
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General Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Redfern Investments LLP |
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General Information |
for the Year Ended 31 March 2018 |
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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 |
The Old Grange |
Warren Estate |
Lordship Road |
Writtle |
Essex |
CM1 3WT |
Redfern Investments LLP (Registered number: OC360094) |
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Statement of Financial Position |
31 March 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
608,770 |
545,173 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
7 |
608,770 |
545,173 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 608,770 | 545,173 |
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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. |
Redfern Investments LLP (Registered number: OC360094) |
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Statement of Financial Position - continued |
31 March 2018 |
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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 on
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Redfern Investments LLP (Registered number: OC360094) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
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1. | STATUTORY INFORMATION |
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Redfern Investments 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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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rents received net of value added tax. |
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Tangible fixed assets |
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured |
at cost less any accumulated depreciation and any accumulated impairment losses. |
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Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful |
life: |
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Land and buildings - 1% on cost |
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3. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST |
At 1 April 2017 |
and 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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4. | DEBTORS |
2018 | 2017 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Redfern Investments LLP (Registered number: OC360094) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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4. | DEBTORS - continued |
2018 | 2017 |
£ | £ |
Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2018 | 2017 |
£ | £ |
Loans from members | 224,351 | 223,191 |
Amounts owed to members in respect of profits | 384,419 | 321,982 |
608,770 | 545,173 |
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Falling due within one year | 384,419 | 321,982 |
Falling due after more than one year | 224,351 | 223,191 |
608,770 | 545,173 |
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In the event of the Limited Liability Partnership being wound up, all unsecured creditors would rank equally. |
There is no provision for specific legal enforceable protection afforded to creditors in such an event. There are |
no restrictions or limitations that exist on the members to reduce the 'Members other interest'. |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is C M Pharaoh. |