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

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

10 ANT TRUST LLP - Company Information

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REGISTERED NUMBER: OC314414 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2020

for

10 Ant Trust LLP
10 Ant Trust LLP (Registered number: OC314414)






Contents of the Financial Statements
for the Year Ended 31 March 2020




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 2020







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
Page 1
10 Ant Trust LLP (Registered number: OC314414)

Balance Sheet
31 March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,220,000 4,220,000

CURRENT ASSETS
Debtors 5 61,800 27,610
Cash at bank 58,283 109,084
120,083 136,694
CREDITORS
Amounts falling due within one year 6 1,461,205 1,497,142
NET CURRENT LIABILITIES (1,341,122 ) (1,360,448 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,878,878
2,859,552

CREDITORS
Amounts falling due after more than one
year
7
1,331,346
1,378,932
NET ASSETS ATTRIBUTABLE TO
MEMBERS
1,547,532
1,480,620

LOANS AND OTHER DEBTS DUE TO
MEMBERS
8
644,312
577,400

MEMBERS' OTHER INTERESTS
Capital accounts 4,895 4,895
Fair value reserve 9 898,325 898,325
1,547,532 1,480,620

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 644,312 577,400
Members' other interests 903,220 903,220
1,547,532 1,480,620

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 2020.

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 notes form part of these financial statements

Page 2 continued...
10 Ant Trust LLP (Registered number: OC314414)

Balance Sheet - continued
31 March 2020


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 and authorised for issue on 10 December 2020 and
were signed by:





J E Pressland - Designated member

The notes form part of these financial statements

Page 3
10 Ant Trust LLP (Registered number: OC314414)

Notes to the Financial Statements
for the Year Ended 31 March 2020

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. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2019 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2019
and 31 March 2020 4,220,000
NET BOOK VALUE
At 31 March 2020 4,220,000
At 31 March 2019 4,220,000

Cost or valuation at 31 March 2020 is represented by:

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

Page 4 continued...
10 Ant Trust LLP (Registered number: OC314414)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

4. TANGIBLE FIXED ASSETS - continued

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

2020 2019
£    £   
Cost 3,321,674 3,321,674

Freehold property were valued on an open market basis on 7 October 2020 by the partners .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 61,800 27,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 1,458,866 1,458,000
VAT - 3,311
Other creditors 6,025 35,228
Service charges (4,311 ) (22 )
Accruals and deferred income 625 625
1,461,205 1,497,142

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans - 2-5 years 1,331,346 1,378,932

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

9. RESERVES
Fair
value
reserve
£   
At 1 April 2019
and 31 March 2020 898,325

Page 5