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Unaudited Financial Statements for the Year Ended 31 March 2017 |
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The Beavis Partnership LLP |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2017 |
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for |
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The Beavis Partnership LLP |
The Beavis Partnership LLP (Registered number: OC351034) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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The Beavis Partnership LLP |
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General Information |
for the Year Ended 31 March 2017 |
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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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Chartered Accountants |
The Old Grange |
Warren Estate |
Lordship Road |
Writtle |
Essex |
CM1 3WT |
The Beavis Partnership LLP (Registered number: OC351034) |
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Balance Sheet |
31 March 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
24,286 |
19,706 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
8 |
24,286 |
19,706 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 24,286 | 19,706 |
Amounts due from members | 5 | (179,710 | ) | (169,967 | ) |
(155,424 | ) | (150,261 | ) |
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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. |
The Beavis Partnership LLP (Registered number: OC351034) |
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Balance Sheet - continued |
31 March 2017 |
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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
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The Beavis Partnership LLP (Registered number: OC351034) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
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1. | STATUTORY INFORMATION |
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The Beavis Partnership 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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Tangible fixed assets |
Depreciation is provided between 15% and 50% on a straight line basis, according to the type of asset, in order |
to write off each asset over its estimated useful life. |
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Work in progress. |
Work in progress is valued at selling price. |
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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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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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The Beavis Partnership LLP (Registered number: OC351034) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Bank overdrafts |
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The bank overdraft is secured by a debenture and personal guarantees from the partners. |
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8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Loans and other debts due to members' rank below all other creditors. |
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9. | RELATED PARTY DISCLOSURES |
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During the year, the LLP was charged rent of £54,804 (2016: £54,804) by Rochester House Ltd, a company |
100% owned by M J Cornberg and T J Wayman, members of the LLP. |
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10. | ULTIMATE CONTROLLING PARTY |
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11. | FIRST YEAR ADOPTION |
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The financial statements for the year ended 31 March 2017 are the first financial statements that comply with |
FRS 102 Section 1A for small entities. The date of transition is 1 April 2015. |
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The accounting policies previously applied under FRSSE 2015 are not materially different to those required |
under FRS 102 Section 1A for small entities. There are therefore no transitional adjustments and no impact on |
either the company's equity or profit. |
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