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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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WALDECK, SNAREY & BROWN (BOURNE) LLP |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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WALDECK, SNAREY & BROWN (BOURNE) LLP |
WALDECK, SNAREY & BROWN (BOURNE) LLP (REGISTERED NUMBER: OC340953) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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General Information | 1 |
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Statement of Financial Position | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 6 |
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Chartered Accountants' Report | 7 |
WALDECK, SNAREY & BROWN (BOURNE) LLP |
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GENERAL INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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18 Northgate |
Sleaford |
Lincolnshire |
NG34 7BJ |
WALDECK, SNAREY & BROWN (BOURNE) LLP (REGISTERED NUMBER: OC340953) |
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STATEMENT OF FINANCIAL POSITION |
30TH SEPTEMBER 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET (LIABILITIES)/ASSETS ATTRIBUTABLE TO
MEMBERS |
(727 |
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3,488 |
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LOANS AND OTHER DEBTS DUE TO MEMBERS | - | - |
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MEMBERS' OTHER INTERESTS |
Unallocated profit reserve | ( |
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(727 | ) | 3,488 |
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TOTAL MEMBERS' INTERESTS |
Members' other interests | (727 | ) | 3,488 |
Amounts due from members | 6 | (48,290 | ) | (51,779 | ) |
(49,017 | ) | (48,291 | ) |
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The members acknowledge their responsibilities for: |
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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. |
WALDECK, SNAREY & BROWN (BOURNE) LLP (REGISTERED NUMBER: OC340953) |
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STATEMENT OF FINANCIAL POSITION - continued |
30TH SEPTEMBER 2019 |
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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 and authorised for issue by the members of the LLP and authorised for
issue on |
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WALDECK, SNAREY & BROWN (BOURNE) LLP (REGISTERED NUMBER: OC340953) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Waldeck, Snarey & Brown (Bourne) 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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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents commissions earned on the sale of properties, excluding value added tax. |
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Goodwill |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks represents the value of expenses incurred at the statement of financial position date in respect of |
property available for sale at that date. Costs include the estimated time spent by the firm's staff in listing an |
individual property. |
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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. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was
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WALDECK, SNAREY & BROWN (BOURNE) LLP (REGISTERED NUMBER: OC340953) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1st October 2018 |
and 30th September 2019 |
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AMORTISATION |
At 1st October 2018 |
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Charge for year |
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At 30th September 2019 |
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NET BOOK VALUE |
At 30th September 2019 |
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At 30th September 2018 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1st October 2018 |
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Additions |
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At 30th September 2019 |
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DEPRECIATION |
At 1st October 2018 |
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Charge for year |
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At 30th September 2019 |
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NET BOOK VALUE |
At 30th September 2019 |
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At 30th September 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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WALDECK, SNAREY & BROWN (BOURNE) LLP (REGISTERED NUMBER: OC340953) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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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. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Bank overdraft |
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The bank loan and overdraft are secured by personal guarantees provided by the members of £15,000 each, |
totalling £45,000. |
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9. | OTHER FINANCIAL COMMITMENTS |
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The total amount of financial commitments, guarantees and contingencies that are not included in the |
statement of financial position is £11,762 (2018: £14,900). |
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10. | RELATED PARTY DISCLOSURES |
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During the year there have been cash movements to assist financing between the LLP and Waldeck Snarey & |
Brown Ltd. At the year end £2,099 was owing from (2018: £60,374 owing to) Waldeck Snarey & Brown Ltd. |
Ms S J Waldeck and Mr M J Thomson are the directors of this business. |
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
WALDECK, SNAREY & BROWN (BOURNE) 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 |
Statement of Financial Position. 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 Waldeck, Snarey & Brown (Bourne) LLP for the year ended |
30th September 2019 which comprise the Income Statement, Statement of Financial Position, Reconciliation of |
Members' Interests 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 Waldeck, Snarey & Brown (Bourne) 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 Waldeck, Snarey & Brown (Bourne) LLP and state those matters that we have agreed to state to the members of Waldeck, Snarey & Brown (Bourne) 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 Waldeck, Snarey & Brown (Bourne) 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 Waldeck, Snarey & Brown (Bourne) 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 loss of Waldeck, Snarey & Brown (Bourne) LLP. You consider that Waldeck, Snarey & Brown (Bourne) 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 Waldeck, Snarey & Brown (Bourne) 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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18 Northgate |
Sleaford |
Lincolnshire |
NG34 7BJ |
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Date: ............................................. |