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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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WENDELSTEIN LLP |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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WENDELSTEIN LLP |
WENDELSTEIN LLP (REGISTERED NUMBER: OC360583) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 DECEMBER 2016 |
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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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WENDELSTEIN LLP |
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GENERAL INFORMATION |
for the Year Ended 31 DECEMBER 2016 |
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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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First Floor, Templeback |
10 Temple back |
Bristol |
BS1 6FL |
WENDELSTEIN LLP (REGISTERED NUMBER: OC360583) |
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BALANCE SHEET |
31 DECEMBER 2016 |
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31/12/16 | 31/12/15 |
Notes | € | € |
FIXED ASSETS |
Intangible assets | 4 |
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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 ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
2,418,565 |
3,103,698 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
8 |
12,515 |
352,393 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 2,406,050 | 2,751,305 |
2,418,565 | 3,103,698 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 12,515 | 352,393 |
Members' other interests | 2,406,050 | 2,751,305 |
Amounts due from members | 6 | (12,784 | ) | - |
2,405,781 | 3,103,698 |
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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. |
WENDELSTEIN LLP (REGISTERED NUMBER: OC360583) |
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BALANCE SHEET - continued |
31 DECEMBER 2016 |
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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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WENDELSTEIN LLP (REGISTERED NUMBER: OC360583) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Wendelstein 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 Euro (€). |
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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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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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Tangible fixed assets |
Depreciation is charged over the useful economic lives of the assets at varying rates. |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
bringing stocks to their present location and condition. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance |
sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of |
transaction. Exchange differences are taken into account in arriving at the operating result. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was
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WENDELSTEIN LLP (REGISTERED NUMBER: OC360583) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 DECEMBER 2016 |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
At 1 January 2016 |
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Additions |
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Disposals | ( |
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At 31 December 2016 |
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AMORTISATION |
At 1 January 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2016 |
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Additions |
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Disposals | ( |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/16 | 31/12/15 |
€ | € |
Trade debtors |
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Other debtors |
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WENDELSTEIN LLP (REGISTERED NUMBER: OC360583) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 DECEMBER 2016 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/16 | 31/12/15 |
€ | € |
Payments on account |
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Trade creditors |
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Other creditors |
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8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Loans and other debts due to members' would rank last in relation to other creditors. |