|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
|
FOR |
|
FRANKSTOCK LLP |
T/A |
THE SCOLT HEAD |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
|
FOR |
|
FRANKSTOCK LLP |
T/A |
THE SCOLT HEAD |
FRANKSTOCK LLP (REGISTERED NUMBER: OC345654) |
T/A THE SCOLT HEAD |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
|
|
|
|
|
|
|
|
Page |
|
General Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 4 |
|
FRANKSTOCK LLP |
T/A THE SCOLT HEAD |
|
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
|
|
|
|
|
DESIGNATED MEMBERS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
75 Park Lane |
Croydon |
Surrey |
CR9 1XS |
FRANKSTOCK LLP (REGISTERED NUMBER: OC345654) |
T/A THE SCOLT HEAD |
|
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks | 5 |
|
|
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
82,267 |
87,063 |
|
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
8 |
82,265 |
87,061 |
|
MEMBERS' OTHER INTERESTS |
Capital accounts | 2 | 2 |
82,267 | 87,063 |
|
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 82,265 | 87,061 |
Members' other interests | 2 | 2 |
82,267 | 87,063 |
|
|
|
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. |
FRANKSTOCK LLP (REGISTERED NUMBER: OC345654) |
T/A THE SCOLT HEAD |
|
STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2018 |
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
FRANKSTOCK LLP (REGISTERED NUMBER: OC345654) |
T/A THE SCOLT HEAD |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
1. | STATUTORY INFORMATION |
|
Frankstock 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 |
|
|
Turnover |
Turnover represents net takings, excluding value added tax. |
|
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
|
Land and buildings | - over the lease term of 15 years |
Plant and machinery etc. |
- 33.33% straight line on cost, 25% straight line on cost and over
the lease term of 15 years |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
|
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. |
|
3. | EMPLOYEE INFORMATION |
|
The average number of employees during the year was
|
FRANKSTOCK LLP (REGISTERED NUMBER: OC345654) |
T/A THE SCOLT HEAD |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Short | to | Plant and | and |
leasehold | property | machinery | fittings | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2017 |
|
|
|
|
|
Additions |
|
|
|
|
|
At 31 March 2018 |
|
|
|
|
|
DEPRECIATION |
At 1 April 2017 |
|
|
|
|
|
Charge for year |
|
|
|
|
|
At 31 March 2018 |
|
|
|
|
|
NET BOOK VALUE |
At 31 March 2018 |
|
|
|
|
|
At 31 March 2017 |
|
|
|
|
|
|
5. | STOCKS |
2018 | 2017 |
£ | £ |
Stocks |
|
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
The Scolt LLP | 18,047 | 14,839 |
Prepayments and accrued income |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
|
|
Social security and other taxes |
|
|
VAT | 29,934 | 25,423 |
Other creditors |
|
|
Wages control | - | 5,000 |
Accruals and deferred income |
|
|
|
|
FRANKSTOCK LLP (REGISTERED NUMBER: OC345654) |
T/A THE SCOLT HEAD |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
9. | RELATED PARTY DISCLOSURES |
|
Transactions and balances |
|
The designated members of the LLP, R W Haines and R Wesemann are also designated members of The Scolt |
LLP and this is considered to be a related party. |
|
Frankstock LLP has provided a guarantee for the bank loan provided in 2009 of £560,000 in favour of The Scolt |
LLP supported by a debenture in favour of Barclays Bank plc. |