ACCOUNTS - Final Accounts

Loans and other debts due to members

POLCRAVE PERFORMANCES LLP - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2021-04-01false00No description of principal activitytrue OC327050 2021-04-01 2022-03-31 OC327050 2020-04-01 2021-03-31 OC327050 2022-03-31 OC327050 2021-03-31 OC327050 c:CurrentFinancialInstruments 2022-03-31 OC327050 c:CurrentFinancialInstruments 2021-03-31 OC327050 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC327050 c:CurrentFinancialInstruments c:WithinOneYear 2021-03-31 OC327050 d:FRS102 2021-04-01 2022-03-31 OC327050 d:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 OC327050 d:FullAccounts 2021-04-01 2022-03-31 OC327050 d:LimitedLiabilityPartnershipLLP 2021-04-01 2022-03-31 OC327050 2 2021-04-01 2022-03-31 OC327050 d:PartnerLLP1 2021-04-01 2022-03-31 OC327050 c:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 OC327050 c:FurtherSpecificReserve3ComponentTotalEquity 2021-03-31 iso4217:GBP xbrli:pure

Registered number: OC327050

POLCRAVE PERFORMANCES LLP

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

POLCRAVE PERFORMANCES LLP

REGISTERED NUMBER: OC327050

BALANCE SHEET

AS AT 31 MARCH 2022

		2022		2021
		£		£


Current assets
Cash at bank and in hand	2	1,996		5,909
		1,996		5,909
Creditors: Amounts Falling Due Within One Year	3	(250)		(250)
Net current assets			1,746		5,659
Total assets less current liabilities			1,746		5,659

Net assets			1,746		5,659

Represented by:
Loans and other debts due to members within one year
Other amounts	4	1,746	5,659
		1,746	5,659

		1,746	5,659

Total members' interests
Loans and other debts due to members	4	1,746	5,659
		1,746	5,659

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POLCRAVE PERFORMANCES LLP

REGISTERED NUMBER: OC327050

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 21 November 2022.

................................................

M P Heard

Designated member

The notes on pages 3 to 4 form part of these financial statements.

Polcrave Performances LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

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POLCRAVE PERFORMANCES LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

1.2

Going concern

Potential sources of uncertainty noted by the members include the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the LLP. Accordingly the members have continued to prepare the financial statements on the going concern basis.

1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

1.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	1,996	5,909
	1,996	5,909

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POLCRAVE PERFORMANCES LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

3.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Accruals and deferred income	250	250
	250	250


Other amounts due to members	(1,746)	(5,659)
	(1,746)	(5,659)

Loans and other debts due to members may be further analysed as follows:

					2022	2021
					£	£


Falling due within one year	(1,746)	(5,659)
	(1,746)	(5,659)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

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