|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 March 2017 |
|
for |
|
Advanced Capability LLP |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 March 2017 |
|
for |
|
Advanced Capability LLP |
Advanced Capability LLP (Registered number: OC388173) |
|
Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
|
|
|
|
|
|
|
|
|
|
Page |
|
General Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Advanced Capability LLP |
|
General Information |
for the Year Ended 31 March 2017 |
|
|
|
|
|
|
|
DESIGNATED MEMBERS: |
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
44 The Pantiles |
Tunbridge Wells |
Kent |
TN2 5TN |
Advanced Capability LLP (Registered number: OC388173) |
|
Balance Sheet |
31 March 2017 |
|
31.3.17 | 31.3.16 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
4,740,255 |
4,990,508 |
|
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
- |
- |
|
MEMBERS' OTHER INTERESTS |
Capital accounts | 4,740,255 | 4,990,508 |
4,740,255 | 4,990,508 |
|
TOTAL MEMBERS' INTERESTS |
Members' other interests | 4,740,255 | 4,990,508 |
|
|
|
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. |
Advanced Capability LLP (Registered number: OC388173) |
|
Balance Sheet - continued |
31 March 2017 |
|
|
|
|
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
|
|
|
|
|
|
|
Advanced Capability LLP (Registered number: OC388173) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
|
|
1. | STATUTORY INFORMATION |
|
Advanced Capability 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 invoiced sales of services, excluding value added tax. |
|
Goodwill |
|
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
accumulated amortisation and any accumulated impairment losses. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
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
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
|
AMORTISATION |
At 1 April 2016 |
|
Charge for year |
|
At 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
Advanced Capability LLP (Registered number: OC388173) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
|
|
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2016 |
|
Additions |
|
At 31 March 2017 |
|
DEPRECIATION |
At 1 April 2016 |
|
Charge for year |
|
At 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
8. | SECURED DEBTS |
|
Lloyds Bank Commercial Finance Ltd holds fixed and floating charges over the assets of the LLP under charge code OC38 |
8173 0001. |
Advanced Capability LLP (Registered number: OC388173) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
|
|
9. | RELATED PARTY DISCLOSURES |
|
Advanced Capability LLP is connected to Advanced Capability Solutions Limited, Advanced Capability (UK) Limited and |
ACAP Solutions India Pvt Ltd through common designated members and directors. |
|
During the period under review, consultancy fees of £1,688,087 (2016: £1,820,668) were charged to Advanced Capability |
LLP from Advanced Capability (UK) Limited. |
|
Management charges of £15,500 (2016: £37,834) represent charges invoiced from the following connected entities and |
individuals: |
|
Advanced Capability Solutions Limited £15,000 (2016: £11,500) |
S Bunch £500 (2016: £26,334) |
|
During the period under review, Advanced Capability LLP charged a licence fee of £80,000 (2016: £80,000) to Advanced |
Capability (UK) Limited for the use of goodwill held in Advanced Capability LLP. |
|
10. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is M C Good. |