| Maitland Court Investments LLP |
| Registered number: |
OC320805 |
| Balance Sheet |
| as at 31 July 2022 |
| Notes |
|
2022 |
|
2021 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
300,392 |
|
294,496 |
| Current assets |
|
|
|
|
|
| Cash at bank and in hand |
|
|
14,337 |
|
20,233 |
|
| Creditors: amounts falling due within one year |
4 |
|
(1,465) |
|
(1,465) |
|
| Net current assets |
|
|
12,872 |
|
18,768 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
313,264 |
|
313,264 |
|
|
|
| Net assets attributable to members |
313,264 |
|
313,264 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
5 |
|
(3,675) |
|
(3,675) |
|
|
|
|
|
|
| Members' other interests |
| Other reserves |
|
|
316,939 |
|
316,939 |
|
|
|
|
|
|
|
|
|
313,264 |
|
313,264 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
5 |
|
(3,675) |
|
(3,675) |
| Members' other interests |
|
|
316,939 |
|
316,939 |
|
|
|
|
313,264 |
|
313,264 |
|
|
|
|
|
|
| For the year ended 31 July 2022 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 6 January 2023 and signed on their behalf by: |
|
| …................................ |
| E Hassan |
| Designated member |
|
| Maitland Court Investments LLP |
| Notes to the Accounts |
| for the year ended 31 July 2022 |
|
| 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 |
|
No income was generated from the holding of the investment during the year. |
|
|
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. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
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. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Fixed asset investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 August 2021 |
294,496 |
|
Additions |
5,896 |
|
|
At 31 July 2022 |
300,392 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Other creditors |
1,465 |
|
1,465 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans and other debts due to members |
2022 |
|
2021 |
| £ |
£ |
|
|
Loans from members |
(3,675) |
|
(3,675) |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
(3,675) |
|
(3,675) |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 6 |
Other information |
|
|
Maitland Court Investments LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
71 Goldhawk Road |
|
Shepherds Bush |
|
London |
|
W12 8EG |
