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REPORT OF THE MEMBERS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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RYAN JONES LLP |
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REGISTERED NUMBER:
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REPORT OF THE MEMBERS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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RYAN JONES LLP |
RYAN JONES LLP (REGISTERED NUMBER: OC342689) |
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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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Report of the Members | 2 |
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Income Statement | 3 |
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Statement of Financial Position | 4 | to | 5 |
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Notes to the Financial Statements | 6 | to | 7 |
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RYAN JONES 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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18 Northgate |
Sleaford |
Lincolnshire |
NG34 7BJ |
RYAN JONES LLP (REGISTERED NUMBER: OC342689) |
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REPORT OF THE MEMBERS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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The members present their report with the financial statements of the LLP for the year ended 31 March 2019. |
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PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of estate agents. |
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DESIGNATED MEMBERS |
The designated members during the year under review were: |
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RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £36,654 (2018 - £61,547 profit). |
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MEMBERS' INTERESTS |
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Members capital is subscribed to in accordance with the members agreement and will be repaid by the Limited |
Liability Partnership on the departure of a member from the Limited Liability Partnership. |
Profits for the year are allocated in accordance with the members agreement. |
Members may only make drawings on account of profits if all members agree and in such case any overdrawing of |
profits, as disclosed in the annual financial statements, shall be repaid immediately. |
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ON BEHALF OF THE MEMBERS: |
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RYAN JONES LLP (REGISTERED NUMBER: OC342689) |
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INCOME STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
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TURNOVER |
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Raw materials and consumables |
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Staff costs | 3 |
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Depreciation |
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Other operating expenses |
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83,358 | 82,557 |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT SHARES |
36,654 |
61,547 |
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PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT SHARES |
36,654 |
61,547 |
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Members' remuneration charged as an
expense |
4 |
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(24,000 |
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PROFIT FOR THE FINANCIAL YEAR AVAILABLE
FOR DISCRETIONARY DIVISION AMONG MEMBERS |
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RYAN JONES LLP (REGISTERED NUMBER: OC342689) |
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STATEMENT OF FINANCIAL POSITION |
31 MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
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 ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO MEMBERS | 101,654 | 102,547 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
9 |
65,000 |
65,000 |
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MEMBERS' OTHER INTERESTS |
Other reserves |
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101,654 | 102,547 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 65,000 | 65,000 |
Members' other interests | 36,654 | 37,547 |
Amounts due from members | 6 | (75,362 | ) | (48,636 | ) |
26,292 | 53,911 |
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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 |
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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. |
RYAN JONES LLP (REGISTERED NUMBER: OC342689) |
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STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2019 |
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The financial statements were approved and authorised for issue by the members of the LLP on
signed by: |
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RYAN JONES LLP (REGISTERED NUMBER: OC342689) |
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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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Ryan Jones 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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Tangible fixed assets |
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Office equipment | - |
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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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4. | INFORMATION IN RELATION TO MEMBERS |
2019 | 2018 |
£ | £ |
Members' remuneration charged as an expense |
Partners' salaries | - | 24,000 |
RYAN JONES LLP (REGISTERED NUMBER: OC342689) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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5. | TANGIBLE FIXED ASSETS |
Office |
equipment |
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COST |
At 1 April 2018 |
and 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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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Amounts due to members would rank alongside ordinary unsecured creditors in the event of a winding up. |
There is no protection offered to unsecured creditors which is legally enforceable. |