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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 MARCH 2017 |
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NEWVIEW HOMES (UK) LLP |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 MARCH 2017 |
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FOR |
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NEWVIEW HOMES (UK) LLP |
NEWVIEW HOMES (UK) LLP (REGISTERED NUMBER: OC356068) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MARCH 2017 |
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General Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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NEWVIEW HOMES (UK) LLP |
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GENERAL INFORMATION |
FOR THE YEAR ENDED 30 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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Business Advisers and Accountants |
Fifth Floor |
11 Leadenhall Street |
London |
EC3V 1LP |
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ORDINARY MEMBERS: |
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Newview Staff Services LLP |
Central Tax and Trustee Planning LLP |
NEWVIEW HOMES (UK) LLP (REGISTERED NUMBER: OC356068) |
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STATEMENT OF FINANCIAL POSITION |
30 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
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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 |
61,030 |
61,030 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
- |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 61,030 | 61,030 |
61,030 | 61,030 |
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TOTAL MEMBERS' INTERESTS |
Members' other interests | 61,030 | 61,030 |
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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. |
NEWVIEW HOMES (UK) LLP (REGISTERED NUMBER: OC356068) |
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STATEMENT OF FINANCIAL POSITION - continued |
30 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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NEWVIEW HOMES (UK) LLP (REGISTERED NUMBER: OC356068) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Newview Homes (UK) 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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The preparation of financial statements in conformity with FRS 102 section 1A requires the use of certain |
critical accounting estimates. lt also requires management to exercise judgement in applying the company's |
accounting policies. |
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Information on the impact of first-time adoption of FRS 102 section 1A is given in note 7. The following |
principal accounting policies have been applied: |
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FOREIGN CURRENCIES |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate |
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the |
operating result. |
NEWVIEW HOMES (UK) LLP (REGISTERED NUMBER: OC356068) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 MARCH 2017 |
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2. | ACCOUNTING POLICIES - continued |
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FINANCIAL INSTRUMENTS |
The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other |
Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
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Financial instruments are recognized in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
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Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when |
there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net |
basis or to realise the asset and settle the liability simultaneously. |
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Basic financial assets |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
price including transaction costs and are subsequently carried at amortised cost using the effective interest |
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the |
present value of the future receipts discounted at a market rate of interest. Financial assets classified as |
receivable within one year are not amortised. |
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Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets |
of the company after deducting all of its liabilities. |
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Basic financial liabilities |
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are |
classified as debt, are initially recognized at transaction price unless the arrangement constitutes a financing |
transaction, where the debt instrument is measured at the present value of the future payment discounted at a |
market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
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Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
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SIGNIFICANT JUDGEMENTS AND ESTIMATES |
In preparing the financial statements, management were not required to make any estimates or judgements |
which materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and |
liabilities. |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed by group undertakings |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
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NEWVIEW HOMES (UK) LLP (REGISTERED NUMBER: OC356068) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 MARCH 2017 |
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5. | RELATED PARTY DISCLOSURES |
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Mrs M Wietscher and Mr D.E. Wietscher are the designated members in Newview Staff Services LLP. At the |
balance sheet date, Newview Homes (UK) LLP were owed £1,591 (2016 - £1,591) by Newview Staff Services |
LLP. |
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Mrs M Wietscher and Mr D.E. Wietscher, the designated members in the LLP are also the directors of |
Newview Homes Limited. At the balance sheet date, Newview Homes Limited owed Newview Homes UK LLP |
£91,672 (2016 - £91,672). |
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6. | CONTROLLING PARTY |
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Mrs M Wietscher & Mr D.E. Wietscher are the controlling parties being the designated members in Newview |
Homes (UK) LLP. |
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7. | FIRST YEAR ADOPTION |
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The company adopts the FRS 102 section 1A from 1st April 2016. The transition has not affected the financial |
position and performance of the company during the current and previous year. |
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There is no impact on either the Profit and Loss account or the net assets of the company upon the transition to |
FRS 102 section 1A. |