10 Ant Trust LLP - Accounts to registrar (filleted) - small 18.2

10 Ant Trust LLP - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: OC314414(England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2019

for

10 Ant Trust LLP

10 Ant Trust LLP (Registered number: OC314414)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


10 Ant Trust LLP

General Information
for the Year Ended 31 March 2019







DESIGNATED MEMBERS: P I H Pressland
J E Pressland





REGISTERED OFFICE: 14 Church Street
Whitchurch
Hampshire
RG28 7AB





REGISTERED NUMBER: OC314414(England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

10 Ant Trust LLP (Registered number: OC314414)

Balance Sheet
31 March 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 4,220,000 4,220,000

CURRENT ASSETS
Debtors 4 27,610 19,173
Cash at bank 109,084 148,473
136,694 167,646
CREDITORS
Amounts falling due within one year 5 1,497,142 1,502,014
NET CURRENT LIABILITIES (1,360,448 ) (1,334,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,859,552

2,885,632

CREDITORS
Amounts falling due after more than one
year

6

1,378,932

1,424,290
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,480,620

1,461,342

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

577,400

546,622

MEMBERS' OTHER INTERESTS
Capital accounts 4,895 16,395
Fair value reserve 8 898,325 898,325
1,480,620 1,461,342

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 577,400 546,622
Members' other interests 903,220 914,720
1,480,620 1,461,342

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2019.

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.

10 Ant Trust LLP (Registered number: OC314414)

Balance Sheet - continued
31 March 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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.

The financial statements were approved by the members of the LLP on 19 December 2019and were signed by:





J E Pressland- Designated member

10 Ant Trust LLP (Registered number: OC314414)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

10 Ant Trust LLP is registered in England and Wales. The LLP's registered number and registered office address
can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2018
and 31 March 2019 4,220,000
NET BOOK VALUE
At 31 March 2019 4,220,000
At 31 March 2018 4,220,000

Cost or valuation at 31 March 2019 is represented by:

Land and
buildings
£   
Valuation in 2017 1,626,023
Valuation in 2018 (727,697 )
Cost 3,321,674
4,220,000

If freehold property had not been revalued they would have been included at the following historical cost:

2019 2018
£    £   
Cost 3,321,674 3,875,977

Freehold property were valued on an open market basis on 31 March 2019 by the partners .

10 Ant Trust LLP (Registered number: OC314414)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 27,610 19,173

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 1,458,000 1,458,000
VAT 3,311 8,161
Other creditors 35,228 35,228
Service charges (22 ) -
Accruals and deferred income 625 625
1,497,142 1,502,014

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans - 2-5 years 1,378,932 1,424,290

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

other creditors take priority over any loans and other debts due to members.

8. RESERVES
Fair
value
reserve
£   
At 1 April 2018
and 31 March 2019 898,325