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REGISTERED NUMBER: OC361913 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

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 2019




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


66 ROKESLY AVENUE LIMITED LIABILITY
PARTNERSHIP

GENERAL INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2019







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)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 362,500 362,500

CURRENT ASSETS
Cash at bank 38,068 23,071

CREDITORS
Amounts falling due within one year 4 3,434 1,840
NET CURRENT ASSETS 34,634 21,231
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

397,134

383,731

LOANS AND OTHER DEBTS DUE TO
MEMBERS

397,134

383,731

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 397,134 383,731

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 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 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 small LLPs.

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 13 June 2019 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 2019

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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2018
and 28 February 2019 362,500
NET BOOK VALUE
At 28 February 2019 362,500
At 28 February 2018 362,500

Fair value at 28 February 2019 is represented by:

£   
Valuation in 2013 62,597
Valuation in 2014 59,845
Valuation in 2018 22,500
Cost 217,558
362,500

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

2019 2018
£    £   
Cost 217,558 217,558

Investment Property was valued on a fair value basis on 28 February 2018 by the LLP members .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2019

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other creditors 3,434 1,840

5. RELATED PARTY DISCLOSURES

Included in creditors, amounts due within one year, is a balance of £880 (2017: £864) due to Peter Brown & Co
LLP, an entity in which the LLP member, Mr PI Brown, is also a member.