|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
DEERVIEW FINE FOODS LLP |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
DEERVIEW FINE FOODS LLP |
DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
|
|
Page |
|
General Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Chartered Accountants' Report | 7 |
DEERVIEW FINE FOODS LLP |
|
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
|
|
|
|
|
|
DESIGNATED MEMBERS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants & Business Advisers |
20 Havelock Road |
HASTINGS |
East Sussex |
TN34 1BP |
DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948) |
|
BALANCE SHEET |
31 MARCH 2017 |
|
31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks | 6 |
|
|
Debtors | 7 |
|
|
Cash in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
40,124 |
56,674 |
|
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
10 |
40,124 |
56,674 |
|
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 40,124 | 56,674 |
|
|
|
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. |
DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948) |
|
BALANCE SHEET - continued |
31 MARCH 2017 |
|
|
|
|
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
|
|
|
|
|
|
|
DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
1. | STATUTORY INFORMATION |
|
Deerview Fine Foods LLP 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 |
|
|
The members have made an assessment about the ability to continue as a going concern and they do not |
consider there to be any material uncertainties. As a result they have adopted the going concern basis of |
accounting. |
|
Turnover |
Turnover represents net invoiced sale of goods, excluding value added tax and is recognised at the point that an |
order is placed. |
|
Goodwill |
|
|
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. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
|
Capital subscription and repayment |
The capital requirements of the partnership are determined from time to time by the Designated Members. No |
interest is paid on capital. On leaving the partnership, a member's capital is reviewed and repaid as agreed, taking |
the partnership needs into account. |
|
Allocation of profits and drawings |
The allocation of profits to those who were members during the year is made by unanimous vote of the |
Designated Members. |
|
During the year partners receive monthly drawings, and, from time to time additional sums as agreed by the |
Designated Members, taking into account the partnership's cash requirements for operating and investing |
activities. |
|
3. | EMPLOYEE INFORMATION |
|
The average number of employees during the year was
|
DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
|
AMORTISATION |
Amortisation for year |
|
At 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2016 |
|
|
|
|
Additions |
|
|
|
|
At 31 March 2017 |
|
|
|
|
DEPRECIATION |
At 1 April 2016 |
|
|
|
|
Charge for year |
|
|
|
|
At 31 March 2017 |
|
|
|
|
NET BOOK VALUE |
At 31 March 2017 |
|
|
|
|
At 31 March 2016 |
|
|
|
|
|
6. | STOCKS |
31.3.17 | 31.3.16 |
£ | £ |
Stocks |
|
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
|
|
VAT |
|
|
|
|
DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Other creditors |
|
|
Accrued expenses |
|
|
|
|
|
9. | LEASING AGREEMENTS |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.3.17 | 31.3.16 |
£ | £ |
Within one year |
|
|
|
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.3.17 | 31.3.16 |
£ | £ |
Amounts owed to members in respect of profits | 40,124 | 56,674 |
|
Falling due within one year | 40,124 | 56,674 |
|
The amounts shown in 'Loans and other debts due to members' would rank after other unsecured creditors in the |
event of a winding up. |
|
11. | ULTIMATE CONTROLLING PARTY |
|
The ultimate controlling party is
|
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
DEERVIEW FINE FOODS LLP |
|
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. |
|
In accordance with our terms of engagement we have prepared for your approval the attached financial statements from |
the business accounting records and from information and explanations you have given to us. |
|
The financial statements have been compiled using the going concern and historical cost basis. It is not intended to |
achieve full compliance with the provisions of UK Generally Accepted Accounting Principles. |
|
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 at icaew.com/membershandbook. |
|
This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely |
to prepare for your approval the financial information and state those matters that we have agreed to state to you in this |
report in accordance with the guidance of ICAEW as detailed at icaew.com/compilation and for no other purpose. To the |
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the person to whom this |
report is addressed for our work or for this report. |
|
You have approved the financial statements for the period described above, and have acknowledged your responsibility |
for them, for the appropriateness of the financial reporting framework adopted and for providing all information and |
explanations necessary for their compilation. |
|
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 financial statements. |
|
|
|
|
|
|
|
Chartered Accountants & Business Advisers |
20 Havelock Road |
HASTINGS |
East Sussex |
TN34 1BP |
|
|
|