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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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R & S PARRY 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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FOR |
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R & S PARRY LLP |
R & S PARRY LLP (REGISTERED NUMBER: OC373682) |
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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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Chartered Certified Accountants' Report | 3 |
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Income Statement | 4 |
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Balance Sheet | 5 |
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Notes to the Financial Statements | 7 |
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R & S PARRY 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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55 East Street |
Faversham |
Kent |
ME13 8AF |
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BANKERS: |
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4 Court Street |
Faversham |
Kent |
ME13 7AN |
R & S PARRY LLP (REGISTERED NUMBER: OC373682) |
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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 building contractors. |
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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 £36,887 (2018 - |
£57,973 profit). |
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MEMBERS' INTERESTS |
Members are required to contribute capital to the LLP. Capital requirements are agreed by the |
members and reviewed regularly. On retirement members' capital accounts are to be repaid |
immediately or over such period as decided by mutual agreement. |
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Members can receive periodic drawings during the financial year, representing payments in |
respect of profit allocated to them. The amount of such drawings is decided taking into account the |
anticipated cash needs of the LLP. The profit distributed to members is discretionary and these |
amounts have been disclosed in the financial statements under the heading 'Profit for the financial |
year available for discretionary division among members'. |
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On retirement current accounts are repaid over a period decided by mutual agreement. |
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During the financial year there were no transfers of members' interests from capital to debt. |
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ON BEHALF OF THE MEMBERS: |
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CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE MEMBERS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
R & S PARRY LLP |
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In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the |
Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) |
Regulations 2008, we have prepared for your approval the financial statements of R & S Parry LLP |
for the year ended 31 March 2019 which comprise the Income Statement, Balance Sheet and the |
related notes from the LLP's accounting records and from information and explanations you have |
given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the members of R & S Parry LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R & S Parry LLP and state those matters that we have agreed to state to the members of R & S Parry LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report. |
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It is your duty to ensure that R & S Parry LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R & S Parry LLP. You consider that R & S Parry LLP is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of R & S Parry LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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55 East Street |
Faversham |
Kent |
ME13 8AF |
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Date: 2nd December 2019 |
R & S PARRY LLP (REGISTERED NUMBER: OC373682) |
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INCOME STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2019 |
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31.3.19 | 31.3.18 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING PROFIT | 4 |
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Interest receivable and similar
income |
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37,527 | 58,152 |
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Interest payable and similar
expenses |
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PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
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R & S PARRY LLP (REGISTERED NUMBER: OC373682) |
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BALANCE SHEET |
31 MARCH 2019 |
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31.3.19 | 31.3.18 |
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 |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
10,000 |
10,000 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
10,000 |
10,000 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to
members |
10,000 |
10,000 |
Amounts due from members | 6 | (25,156 | ) | (68,856 | ) |
(15,156 | ) | (58,856 | ) |
R & S PARRY LLP (REGISTERED NUMBER: OC373682) |
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BALANCE SHEET - continued |
31 MARCH 2019 |
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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. |
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The financial statements were approved by the members of the LLP on
were signed by: |
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R & S PARRY LLP (REGISTERED NUMBER: OC373682) |
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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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R & S Parry 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 |
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Plant and machinery | - |
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Motor vehicles | - |
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Office equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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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. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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31.3.19 | 31.3.18 |
£ | £ |
Depreciation - owned assets |
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R & S PARRY LLP (REGISTERED NUMBER: OC373682) |
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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 |
Plant and | Motor | Office |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2018 |
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Additions |
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At 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 |
31.3.19 | 31.3.18 |
£ | £ |
Trade debtors |
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Amounts due from members | 25,156 | 68,856 |
Amounts recoverable on contract |
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Other debtors |
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VAT |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans and overdrafts |
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Payments on account |
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Trade creditors |
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Social security and other taxes |
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Credit card | 8,441 | 11,744 |
Other creditors |
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Accrued expenses |
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