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Unaudited Financial Statements for the Year Ended 31 March 2019 |
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Charnwood Accountants & Business |
Advisors LLP |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2019 |
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for |
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Charnwood Accountants & Business |
Advisors LLP |
Charnwood Accountants & Business |
Advisors LLP (Registered number: OC307197) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2019 |
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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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Charnwood Accountants & Business |
Advisors LLP |
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General Information |
for the Year Ended 31 March 2019 |
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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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The Point |
Granite Way |
Mountsorrel |
Loughborough |
Leicestershire |
LE12 7TZ |
Charnwood Accountants & Business |
Advisors LLP (Registered number: OC307197) |
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Balance Sheet |
31 March 2019 |
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31.3.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Work in Progress |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS/(LIABILITIES) |
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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 |
369,275 |
228,114 |
Charnwood Accountants & Business |
Advisors LLP (Registered number: OC307197) |
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Balance Sheet - continued |
31 March 2019 |
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31.3.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
369,245 |
228,084 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 30 | 30 |
369,275 | 228,114 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 369,245 | 228,084 |
Members' other interests | 30 | 30 |
369,275 | 228,114 |
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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. |
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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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Charnwood Accountants & Business |
Advisors LLP (Registered number: OC307197) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2019 |
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1. | STATUTORY INFORMATION |
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Charnwood Accountants & Business Advisors 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 represents the amounts receivable from the supply of services that fall within the ordinary activities of the LLP, |
excluding value added tax. |
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Revenue is recognised as activity progresses at full selling price. |
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Some revenue is invoiced in advance of carrying out the work and some is invoiced in arrears. The value of work to be invoiced |
is included in work in progress. |
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Amounts invoiced in advance of carrying out the work are included in creditors as ' amounts invoiced in advance. |
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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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Plant and machinery etc | - |
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Work in progress |
Work in progress on contracts is valued at anticipated net sales value after provisions for contingencies and anticipated future |
losses and is included in work in progress. |
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Hire purchase and leasing commitments |
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. |
Charnwood Accountants & Business |
Advisors LLP (Registered number: OC307197) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 April 2018 |
and 31 March 2019 |
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AMORTISATION |
At 1 April 2018 |
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Charge for year |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 April 2018 |
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Additions |
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At 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for year |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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Charnwood Accountants & Business |
Advisors LLP (Registered number: OC307197) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
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6. | DEBTORS |
31.3.19 | 31.3.18 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans and overdrafts |
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Amounts invoiced in advance |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.19 | 31.3.18 |
£ | £ |
Bank loans |
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Charnwood Accountants & Business |
Advisors LLP (Registered number: OC307197) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
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10. | PROTECTION FOR CREDITORS |
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In the event of a winding up, members' other interests rank after unsecured creditors. Loans and other debts due to members |
rank pari passu with unsecured creditors in the event of a winding up. There is no further formal protection afforded to creditors |
in the event of a winding up. |
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Members are entitled to repayment of their capital when they retire or when they reduce their level of investment in the LLP. |
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Profits are allocated between members based on a fixed amount plus an additional share of the remaining profit. The fixed |
amounts and additional shares are determined at the end of the year, with any undrawn profits included in loans and other debts |
due to members. At 31 March 2018 all amounts included in loans and other debts due to members are in respect of profits. |