|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
Jolliffe Cork LLP |
|
Financial Statements |
|
for the Year Ended 30 April 2019 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
Jolliffe Cork LLP |
|
Financial Statements |
|
for the Year Ended 30 April 2019 |
|
|
|
|
|
Jolliffe Cork LLP (Registered number: OC307104) |
|
Contents of the Financial Statements |
for the year ended 30 April 2019 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Balance Sheet | 1 |
|
Notes to the Financial Statements | 3 |
|
Jolliffe Cork LLP (Registered number: OC307104) |
|
Balance Sheet |
30 April 2019 |
|
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
1,357,955 |
1,372,762 |
Jolliffe Cork LLP (Registered number: OC307104) |
|
Balance Sheet - continued |
30 April 2019 |
|
2019 | 2018 |
Notes | £ | £ | £ | £ |
|
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
10 |
1,357,955 |
1,372,762 |
|
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 1,357,955 | 1,372,762 |
|
|
|
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. |
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
Jolliffe Cork LLP (Registered number: OC307104) |
|
Notes to the Financial Statements |
for the year ended 30 April 2019 |
|
|
1. | STATUTORY INFORMATION |
|
Jolliffe Cork LLP is registered in England and Wales. The LLP's registered number and registered office address are as |
below: |
|
Registered number: | OC307104 |
|
Registered office: | 33 George Street |
Wakefield |
West Yorkshire |
WF1 1LX |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
All financial information presented has been rounded to the nearest (£), unless otherwise stated. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax, together with the value of work done, but not |
invoiced at the year end. |
|
Goodwill |
Goodwill is amortised so as to write off the cost, less its estimated residual value, over the the useful economic life of the |
asset. Under FRS 102 goodwill is considered to have a finite useful life, the members consider the useful economic life to |
be 20 years. |
|
The members review the residual value of goodwill at each year-end for any impairment and amortise only when the |
members consider the carrying value may not be recoverable. |
|
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 |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
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. |
|
Pension costs and other post-retirement benefits |
Jolliffe Cork LLP (Registered number: OC307104) |
|
Notes to the Financial Statements - continued |
for the year ended 30 April 2019 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
The LLP operates a Workplace Pension Scheme through Standard Life Assurance Limited. The contributions paid by the |
LLP are charged to the profit and loss account in the period to which they relate. |
|
Retirement benefits to former members |
The obligation to make payments to former members is recognised as a provision for liabilities and charges in the balance |
sheet and measured at the estimated present value.The liability is reassessed on an annual basis and any changes are |
charged to profit and loss, where appropriate. |
|
Members' remuneration |
The LLP agreement provides for the automatic division of profits for each member. These amounts are included in the |
Income statement as members' remuneration charged as an expense. |
|
3. | EMPLOYEE INFORMATION |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 May 2018 |
|
Reclassification | ( |
) |
At 30 April 2019 |
|
NET BOOK VALUE |
At 30 April 2019 |
|
At 30 April 2018 |
|
Jolliffe Cork LLP (Registered number: OC307104) |
|
Notes to the Financial Statements - continued |
for the year ended 30 April 2019 |
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2018 |
|
|
|
|
Additions |
|
|
|
|
Disposals | ( |
) |
|
( |
) | ( |
) |
At 30 April 2019 |
|
|
|
|
DEPRECIATION |
At 1 May 2018 |
|
|
|
|
Charge for year |
|
|
|
|
Eliminated on disposal | ( |
) |
|
( |
) | ( |
) |
At 30 April 2019 |
|
|
|
|
NET BOOK VALUE |
At 30 April 2019 |
|
|
|
|
At 30 April 2018 |
|
|
|
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
|
|
Amounts recoverable on |
contracts |
|
|
Other debtors |
|
|
Prepayments and accrued income |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts |
|
|
Trade creditors |
|
|
Social security and other taxes |
|
|
VAT | 139,126 | 121,705 |
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
Jolliffe Cork LLP (Registered number: OC307104) |
|
Notes to the Financial Statements - continued |
for the year ended 30 April 2019 |
|
|
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts |
|
|
Other creditors |
|
|
|
|
|
9. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2019 | 2018 |
£ | £ |
Hire purchase contracts | 11,105 | 26,189 |
|
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2019 | 2018 |
£ | £ |
Loans from members | 1,045,000 | 1,070,000 |
Amounts owed to members in respect of profits | 312,955 | 302,762 |
1,357,955 | 1,372,762 |
|
Falling due within one year | 312,955 | 302,762 |
Falling due after more than one year | 1,045,000 | 1,070,000 |
1,357,955 | 1,372,762 |
|
Loans and other debts due to members rank equally with unsecured creditors in the event of a winding up. |