| EEB Properties LLP |
| Registered number: |
OC323219 |
| Balance Sheet |
| as at 31 October 2018 |
| Notes |
|
2018 |
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
169,000 |
|
169,000 |
| Current assets |
|
|
|
|
|
| Cash at bank and in hand |
|
|
12,970 |
|
13,774 |
|
| Creditors: amounts falling due within one year |
3 |
|
(104,953) |
|
(104,966) |
|
| Net current liabilities |
|
|
(91,983) |
|
(91,192) |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
77,017 |
|
77,808 |
|
|
|
| Net assets attributable to members |
77,017 |
|
77,808 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
4 |
|
28,017 |
|
28,808 |
|
|
|
|
|
|
| Members' other interests |
| Revaluation reserve |
|
|
49,000 |
|
49,000 |
|
|
|
|
|
|
|
|
|
77,017 |
|
77,808 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
4 |
|
28,017 |
|
28,808 |
| Members' other interests |
|
|
49,000 |
|
49,000 |
|
|
|
|
77,017 |
|
77,808 |
|
|
|
|
|
|
| For the year ended 31 October 2018 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 23 July 2019 and signed on their behalf by: |
|
|
| Mr Steven Urugallo |
| Designated member |
|
| EEB Properties LLP |
| Notes to the Accounts |
| for the year ended 31 October 2018 |
|
| 1 |
Accounting policies |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
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. |
|
|
Investment property |
|
Investment property, being property held to earn rentals or for capital appreciation or both, is measured initially at cost, which includes purchase price and any directly attributable expenditure. Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 November 2017 |
169,000 |
|
At 31 October 2018 |
169,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 October 2018 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2018 |
169,000 |
|
At 31 October 2017 |
169,000 |
|
|
| 3 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Bank loans and overdrafts |
103,055 |
|
103,055 |
|
Other creditors |
1,898 |
|
1,911 |
|
|
|
|
|
|
104,953 |
|
104,966 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans and other debts due to members |
2018 |
|
2017 |
| £ |
£ |
|
|
Members capital classified as debt |
27,779 |
|
27,779 |
|
Amounts due to members in respect of profits |
238 |
|
1,029 |
|
|
|
|
|
|
28,017 |
|
28,808 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
28,017 |
|
28,808 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 5 |
Revaluation reserve |
2018 |
|
2017 |
| £ |
£ |
|
|
At 1 November 2017 |
49,000 |
|
- |
|
Gain on revaluation of land and buildings |
- |
|
49,000 |
|
|
At 31 October 2018 |
49,000 |
|
49,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
EEB Properties LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Greenscroft High Cross Lane East |
|
Little Canfield |
|
Dunmow |
|
Essex |
|
CM6 1SL |
