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Financial Statements |
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for the Year Ended 31 March 2018 |
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for |
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Aretai LLP |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 March 2018 |
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for |
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Aretai LLP |
Aretai LLP (Registered number: OC413798) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
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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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Aretai LLP |
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General Information |
for the Year Ended 31 March 2018 |
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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 |
28 Church Road |
Stanmore |
Middlesex |
HA7 4XR |
Aretai LLP (Registered number: OC413798) |
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Balance Sheet |
31 March 2018 |
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2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
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 ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
761,560 |
692,475 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
8 |
729,560 |
692,475 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 32,000 | - |
761,560 | 692,475 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 729,560 | 692,475 |
Members' other interests | 32,000 | - |
761,560 | 692,475 |
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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. |
Aretai LLP (Registered number: OC413798) |
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Balance Sheet - continued |
31 March 2018 |
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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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Aretai LLP (Registered number: OC413798) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
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1. | STATUTORY INFORMATION |
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Aretai 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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Turnover |
Revenue 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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Goodwill |
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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. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2017 - 1 ). |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
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AMORTISATION |
At 1 April 2017 |
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Charge for year |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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5. | FIXED ASSET INVESTMENTS |
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In 2017 the purchase of shares of £25,000 in Aretai Risk Management Consulting Limited has been |
transferred across at fair value. This investment is owned by the members in accordance with their |
share of goodwill units as at the time of acquisition. |
Aretai LLP (Registered number: OC413798) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2018 | 2017 |
£ | £ |
Amounts owed to members in respect of profits | 729,560 | 692,475 |
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Falling due within one year | 729,560 | 692,475 |
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Loans and other debts due to members' (other than members' capital classified as debt) would rank |
after other creditors. |
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9. | RELATED PARTY DISCLOSURES |
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At the year (2017: period) end, Aretai LLP was owed a sum of £25,125 (2017: £72,453) by its |
subsidiary undertaking, Aretai Risk Management Consulting Limited. |
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During the year (2017: period), Aretai LLP received interest of £1,801 (2017: £393) and management |
fee of £3,090 (2017: £2,143) from Aretai Risk Management Consulting Limited, a company in which |
Andrew Mark Pawley is a director. |