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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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CORNHILL CORPORATION LLP |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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CORNHILL CORPORATION LLP |
CORNHILL CORPORATION LLP (REGISTERED NUMBER: OC316968) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CORNHILL CORPORATION LLP |
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GENERAL INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Suite 3, The Hamilton Centre |
Rodney Way |
Chelmsford |
Essex |
CM1 3BY |
CORNHILL CORPORATION LLP (REGISTERED NUMBER: OC316968) |
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BALANCE SHEET |
31ST DECEMBER 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
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Prepayments and accrued income |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
1,221,297 |
1,211,297 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
770,458 |
760,458 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 28,001 | 28,001 |
Other reserves |
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1,221,297 | 1,211,297 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 770,458 | 760,458 |
Members' other interests | 450,839 | 450,839 |
Amounts due from members | 3 | (875,321 | ) | (477,604 | ) |
345,976 | 733,693 |
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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
signed by: |
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CORNHILL CORPORATION LLP (REGISTERED NUMBER: OC316968) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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1. | STATUTORY INFORMATION |
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Cornhill Corporation 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 is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Taxation |
Taxation on all partnership profits is solely the personal liability of individual members. |
Consequently, neither taxation nor related deferred taxation arising in respect of the partnership is |
accounted for in these financial statements. Amounts retained for tax are treated in the same way |
as other profits of the partnership and so are included in members' other interests or in loans and |
other debts due to members' depending on whether or not division of profits has occurred. |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
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5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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6. | POST BALANCE SHEET EVENTS |
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On 13 August 2018 the designated members, Pension Corporation II LP Inc and Pension |
Management Services Limited, made further capital contributions. Pension Corporation II LP Inc |
contributed £770,458 by way of the capitalisation of an existing loan, and Pension Management |
Services Limited contributed cash of £78,000. |
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7. | ULTIMATE CONTROLLING PARTY |
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Under the terms of the Partnership, no one member is able to individually control the activities or |
policies adopted by the Partnership. |