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Unaudited Financial Statements for the Year Ended 30 September 2018 |
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RH & RW Clutton LLP |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 September 2018 |
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for |
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RH & RW Clutton LLP |
RH & RW Clutton LLP (Registered number: OC305843) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2018 |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 8 |
RH & RW Clutton LLP |
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General Information |
for the Year Ended 30 September 2018 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
3 Boyne Park |
Tunbridge Wells |
Kent |
TN4 8EN |
RH & RW Clutton LLP (Registered number: OC305843) |
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Balance Sheet |
30 September 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
147,294 |
95,188 |
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LOANS & OTHER DEBTS DUE TO
MEMBERS |
10 |
58,794 |
6,688 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 88,500 | 88,500 |
147,294 | 95,188 |
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TOTAL MEMBERS' INTERESTS |
Loans & other debts due to members | 10 | 58,794 | 6,688 |
Members' other interests | 88,500 | 88,500 |
Amounts due from members | 6 | - | (3,893 | ) |
147,294 | 91,295 |
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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. |
RH & RW Clutton LLP (Registered number: OC305843) |
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Balance Sheet - continued |
30 September 2018 |
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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. |
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The financial statements were approved by the members of the LLP on
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RH & RW Clutton LLP (Registered number: OC305843) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2018 |
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1. | STATUTORY INFORMATION |
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RH & RW Clutton LLP is registered in England and Wales. The LLP's registered number and registered office |
address can be found on the General Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover comprises the invoiced amounts of services, excluding value added tax, adjusted for amounts not |
invoiced to customers at both the beginning and end of the period, such that revenue is recognised in line with |
performance under the contract. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Improvements to property | - |
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Fixtures & fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are |
charged to profit or loss in the period to which they relate. |
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Annuities to former members |
Annuities to former members are recognised only upon the member concerned ceasing to be a member. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was
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RH & RW Clutton LLP (Registered number: OC305843) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 October 2017 |
and 30 September 2018 |
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AMORTISATION |
At 1 October 2017 |
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Charge for year |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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5. | TANGIBLE FIXED ASSETS |
Improvements |
to | Fixtures | Motor | Computer |
property | & fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 October 2017 |
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Additions |
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Disposals |
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At 30 September 2018 |
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DEPRECIATION |
At 1 October 2017 |
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Charge for year |
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Eliminated on disposal |
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( |
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( |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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RH & RW Clutton LLP (Registered number: OC305843) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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5. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 October 2017 |
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Additions |
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Disposals | ( |
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At 30 September 2018 |
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DEPRECIATION |
At 1 October 2017 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts unbilled to clients | 277,000 | 395,000 |
Amounts due from members | - | 3,893 |
Other debtors |
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Prepayments & accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Social security & other taxes |
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Taxation | 30,317 | 92,582 |
Other creditors |
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Accruals & deferred income |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Hire purchase contracts |
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RH & RW Clutton LLP (Registered number: OC305843) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Bank loans |
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The bank loan is secured by a debenture over the assets of the LLP, a guarantee of £50,000 provided by G Back |
and A Barton and a guarantee of £150,000 provided by Department of Trade and Industry. |
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10. | LOANS & OTHER DEBTS DUE TO MEMBERS |
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In the event of a winding up of the LLP then any surplus of assets of the LLP over its liabilities remaining at the |
conclusion of the winding up after payment of all money due to the creditors of the LLP and all expenses of the |
winding up shall be payable by the liquidator to the Members in such proportions as their respective Member's |
Shares shall have borne to each other on the day before the commencement of the winding up. |
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In the event of a winding up no member is obliged to contribute in any way to the assets of the LLP. |
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11. | ULTIMATE CONTROLLING PARTY |
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The LLP is controlled by the Designated Members. |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
RH & RW Clutton LLP |
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The following reproduces the text of the report prepared for the members in respect of the LLP's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to |
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary |
statements and the Report of the Members are not required to be filed with the Registrar of Companies. |
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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 RH & RW Clutton LLP for the year ended 30 September 2018 which comprise the |
Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and |
explanations you have given us. |
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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. |
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This report is made solely to the members of RH & RW Clutton LLP, 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 RH & RW Clutton LLP and state those matters that we have agreed to state to the members of RH & RW Clutton LLP, 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 RH & RW Clutton LLP and its members, as a body, for our work or for this report. |
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It is your duty to ensure that RH & RW Clutton LLP 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 RH & RW Clutton LLP. You consider that RH & RW Clutton LLP is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of RH & RW Clutton LLP. 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. |
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Chartered Accountants |
3 Boyne Park |
Tunbridge Wells |
Kent |
TN4 8EN |
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