REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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BATH & WEST DEVELOPMENTS LLP |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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BATH & WEST DEVELOPMENTS LLP |
BATH & WEST DEVELOPMENTS LLP (REGISTERED NUMBER: OC358811) |
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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 | 3 |
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BATH & WEST DEVELOPMENTS 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 |
13 DAVID MEWS |
PORTER STREET |
LONDON |
W1U 6EQ |
BATH & WEST DEVELOPMENTS LLP (REGISTERED NUMBER: OC358811) |
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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 | 5 |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS |
- |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
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TOTAL MEMBERS' INTERESTS |
Amounts due from members | (157,456 | ) | (31,254 | ) |
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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. |
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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
by: |
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BATH & WEST DEVELOPMENTS LLP (REGISTERED NUMBER: OC358811) |
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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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Bath & West Developments 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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These financial statements have been prepared in accordance with the provisions of section 1A |
"Small Entities" of Financial Reporting Standard 102 " The Financial Reporting Standard applicable |
in the UK and Republic of Ireland" and the Companies Act 2006 and the requirements of the |
Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial |
statements have been prepared under the historical cost convention. |
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Reconciliation with previous Generally Accepted Accounting Principles |
In preparing the accounts, the Designated Members have considered whether in applying the |
accounting policies required by section 1A of FRS 102 the restatement of comparative items was |
required. The Designated Members are of the view that no restatements are required. |
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Going Concern |
The Company had net liabilities of £157,456 as 31 March 2017 and incurred a loss of £126,202 for |
the year ended 31 March 2017. The financial statements have been prepared on a going concern |
basis, on the assumption of the continuing availability of financial support from designated |
members. The financial statements do not include any adjustments that would arise from a failure |
to obtain this financial support. |
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Turnover |
Turnover represents sales of properties net of directly-related professional fees. A property sale is |
recognised when an irrevocable contract has been signed. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stock of land and work in progress are valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Debtors and creditors receivable/ payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are |
recorded at transaction price. Any losses arising from impairment are recognised in the profit and |
loss account in other administrative expenses. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was
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BATH & WEST DEVELOPMENTS LLP (REGISTERED NUMBER: OC358811) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
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. | STOCKS |
2017 | 2016 |
£ | £ |
Work-in-progress |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Social security and other taxes |
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VAT |
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Amounts owed to related party |
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Other Creditors |
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Accrued expenses |
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