Goldhill Mill Associates LLP
|
Registered number: |
OC415349 |
Balance Sheet |
as at 31 January 2021
|
Notes |
|
2021 |
|
2020 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
942 |
|
2,076 |
Current assets |
|
|
|
|
|
Debtors |
4 |
|
57 |
|
6,334 |
Cash at bank and in hand |
|
|
194,016 |
|
219,196 |
|
|
|
194,073 |
|
225,530 |
|
Creditors: amounts falling due within one year |
5 |
|
(15,732) |
|
(25,929) |
|
Net current assets |
|
|
178,341 |
|
199,601 |
|
|
|
|
|
|
Total assets less current liabilities |
|
|
179,283 |
|
201,677 |
|
Net assets attributable to members |
179,283 |
|
201,677 |
|
|
|
|
|
|
Represented by: |
Loans and other debts due to members |
6 |
|
179,283 |
|
201,677 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
179,283 |
|
201,677 |
|
|
|
|
|
|
Total members' interests |
Loans and other debts due to members |
6 |
|
179,283 |
|
201,677 |
|
|
|
|
179,283 |
|
201,677 |
|
|
|
|
|
|
For the year ended 31 January 2021 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
|
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
These accounts were approved by the members on 19 March 2021 and signed on their behalf by: |
|
|
T Farazmand |
Designated member |
|
Goldhill Mill Associates LLP |
Notes to the Accounts |
for the year ended 31 January 2021 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is based on revenue earned from the rendering of services.
|
|
|
Division of profits
|
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
|
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|
|
|
Plant and machinery |
25% straight line |
|
|
2 |
Employees |
2021 |
|
2020 |
Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 February 2020 |
5,002 |
|
At 31 January 2021 |
5,002 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2020 |
2,926 |
|
Charge for the year |
1,134 |
|
At 31 January 2021 |
4,060 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2021 |
942 |
|
At 31 January 2020 |
2,076 |
|
|
4 |
Debtors |
2021 |
|
2020 |
£ |
£ |
|
|
Other debtors |
57 |
|
6,334 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
£ |
£ |
|
|
Trade creditors |
131 |
|
5,083 |
|
Other taxes and social security costs |
14,863 |
|
20,053 |
|
Other creditors |
738 |
|
793 |
|
|
|
|
|
|
15,732 |
|
25,929 |
|
|
|
|
|
|
|
|
|
|
6 |
Loans and other debts due to members |
2021 |
|
2020 |
£ |
£ |
|
|
Amounts due to members in respect of profits |
179,283 |
|
201,677 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
179,283 |
|
201,677 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
7 |
Other information |
|
|
Goldhill Mill Associates LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Goldhill Mill |
|
Three Elm Lane |
|
Tonbridge |
|
Kent |
|
TN11 0BA |