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REGISTERED NUMBER: OC361913 (England and Wales)











REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2020

FOR

66 ROKESLY AVENUE LIMITED LIABILITY
PARTNERSHIP

66 ROKESLY AVENUE LIMITED LIABILITY
PARTNERSHIP (REGISTERED NUMBER: OC361913)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2020




Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Statement of Financial Position 5

Notes to the Financial Statements 6


66 ROKESLY AVENUE LIMITED LIABILITY
PARTNERSHIP

GENERAL INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2020







DESIGNATED MEMBERS: Mrs F R Brown
Mr P I Brown





REGISTERED OFFICE: 19 First Floor
Station Road
New Barnet
Hertfordshire
EN5 1QJ





REGISTERED NUMBER: OC361913 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

66 ROKESLY AVENUE LIMITED LIABILITY
PARTNERSHIP (REGISTERED NUMBER: OC361913)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 28 FEBRUARY 2020

The members present their report with the financial statements of the LLP for the year ended 28 February 2020.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mrs F R Brown
Mr P I Brown

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £11,426 (2019 - £13,403 profit).

MEMBERS' INTERESTS
The members are entitled to draw, on account of profit, such sums as they may from time to time by mutual
agreement.

The capital requisite for carrying on this business of the LLP shall be agreed and contributed by the members from
time to time. The total amount of and the respective contributions of the members to the fixed capital of the LLP shall
be in the shares in which they are entitled to the net profits of the LLP. Partners moving up in the relative profit sharing
will contribute the relevant proportion of the additional capital before being entitled to more shares.

ON BEHALF OF THE MEMBERS:





Mr P I Brown - Designated member


22 May 2020

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
66 ROKESLY AVENUE LIMITED LIABILITY
PARTNERSHIP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability
Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your
approval the financial statements of 66 Rokesly Avenue Limited Liability Partnership for the year ended
28 February 2020 which comprise the Income Statement, Statement of Financial Position and the related notes from
the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of 66 Rokesly Avenue Limited Liability Partnership, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 66 Rokesly Avenue Limited Liability Partnership and state those matters that we have agreed to state to the members of 66 Rokesly Avenue Limited Liability Partnership, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 66 Rokesly Avenue Limited Liability Partnership and its members, as a body, for our work or for this report.

It is your duty to ensure that 66 Rokesly Avenue Limited Liability Partnership has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 66 Rokesly Avenue Limited Liability Partnership. You consider that 66 Rokesly Avenue Limited Liability Partnership is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 66 Rokesly Avenue Limited Liability Partnership. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






EA
Chartered Accountants
869 High Road
London
N12 8QA


22 May 2020

66 ROKESLY AVENUE LIMITED LIABILITY
PARTNERSHIP (REGISTERED NUMBER: OC361913)

INCOME STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2020

2020 2019
Notes £    £   

TURNOVER 14,212 16,900

Administrative expenses 2,786 3,497
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


11,426


13,403

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


11,426


13,403

Members' remuneration charged as an
expense

4

(11,426

)

(13,403

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

66 ROKESLY AVENUE LIMITED LIABILITY
PARTNERSHIP (REGISTERED NUMBER: OC361913)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 362,500 362,500

CURRENT ASSETS
Debtors 6 2,681 -
Cash at bank 18,674 38,068
21,355 38,068
CREDITORS
Amounts falling due within one year 7 3,295 3,434
NET CURRENT ASSETS 18,060 34,634
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

380,560

397,134

LOANS AND OTHER DEBTS DUE TO
MEMBERS

380,560

397,134

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 380,560 397,134

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

The financial statements were approved by the members of the LLP and authorised for issue on 22 May 2020 and were
signed by:





Mr P I Brown - Designated member

66 ROKESLY AVENUE LIMITED LIABILITY
PARTNERSHIP (REGISTERED NUMBER: OC361913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2020

1. STATUTORY INFORMATION

66 Rokesly Avenue Limited Liability Partnership 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 represents rent receivable net of value added tax.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in the profit and loss account.

Investment property is carried at fair value. Revaluation surpluses are recognised in the income statement.
Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No
depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the
generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small
entities. The members consider that, because these properties are not held for consumption but for their
investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt
The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If
this departure from the Act had not been made, the profit for the financial year would have been reduced by the
amount of depreciation.

3. EMPLOYEE INFORMATION

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

4. INFORMATION IN RELATION TO MEMBERS
2020 2019
£    £   
Members' remuneration charged as an expense
Automatic division of profit 11,426 13,403

2020 2019

The average number of members during the year was 2 2

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2019
and 28 February 2020 362,500
NET BOOK VALUE
At 28 February 2020 362,500
At 28 February 2019 362,500

66 ROKESLY AVENUE LIMITED LIABILITY
PARTNERSHIP (REGISTERED NUMBER: OC361913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2020

5. INVESTMENT PROPERTY - continued

Fair value at 28 February 2020 is represented by:

£   
Valuation in 2020 144,942
Cost 217,558
362,500

If investment property had not been revalued it would have been included at the following historical cost:

2020 2019
£    £   
Cost 217,558 217,558

Investment Property was valued on a fair value basis on 28 February 2020 by the LLP members .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 2,681 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other creditors 3,295 3,434

8. RELATED PARTY DISCLOSURES

Included in creditors, amounts due within one year, is a balance of £835 (2019: £880) due to Peter Brown & Co
LLP, an entity in which the LLP member, Mr PI Brown, is also a member.