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Financial Statements |
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for the Year Ended 30 June 2021 |
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for |
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THE OFFICERS' MESS BUSINESS CENTRE LLP |
REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 30 June 2021 |
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for |
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THE OFFICERS' MESS BUSINESS CENTRE LLP |
THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2021 |
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Page |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 5 |
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THE OFFICERS' MESS BUSINESS CENTRE LLP |
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General Information |
for the Year Ended 30 June 2021 |
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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 |
42 Lytton Road |
Barnet |
Hertfordshire |
EN5 5BY |
THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876) |
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Balance Sheet |
30 June 2021 |
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30.6.21 | 30.6.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
8 |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
5,153,908 |
4,880,170 |
THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876) |
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Balance Sheet - continued |
30 June 2021 |
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30.6.21 | 30.6.20 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
9 |
878,412 |
604,674 |
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MEMBERS' OTHER INTERESTS |
Revaluation reserve |
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Other reserves | ( |
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5,153,908 | 4,880,170 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to
members |
9 |
878,412 |
604,674 |
Members' other interests | 4,275,496 | 4,275,496 |
5,153,908 | 4,880,170 |
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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. |
THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876) |
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Balance Sheet - continued |
30 June 2021 |
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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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THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2021 |
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1. | STATUTORY INFORMATION |
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The Officers' Mess Business Centre 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2020 - NIL). |
THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2021 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machiner |
etc |
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COST |
At 1 July 2020 |
and 30 June 2021 |
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DEPRECIATION |
At 1 July 2020 |
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Charge for year |
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At 30 June 2021 |
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NET BOOK VALUE |
At 30 June 2021 |
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At 30 June 2020 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 July 2020 |
and 30 June 2021 |
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NET BOOK VALUE |
At 30 June 2021 |
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At 30 June 2020 |
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Fair value at 30 June 2021 is represented by: |
£ |
Valuation in 2020 | 650,770 |
Valuation in 2019 | 4,220,325 |
Cost | 2,048,905 |
6,920,000 |
THE OFFICERS' MESS BUSINESS CENTRE LLP (REGISTERED NUMBER: OC386876) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2021 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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VAT | 11,028 | 45,352 |
Other creditors |
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Accrued expenses |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 2,300,000 | 2,337,500 |
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The bank loan is secured by a legal charges over the company's investment property known as The Officers' Mess Business Centre, Royston Road, Duxford, Cambridgeshire, CB22 4QH. |
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9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Loans and other debts due to members rank pari passu in relation to all other creditors. |