|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BARKER ASSOCIATES LLP |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2019 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BARKER ASSOCIATES LLP |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2019 |
|
|
|
|
|
BARKER ASSOCIATES LLP (REGISTERED NUMBER: OC378090) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2019 |
|
|
|
|
|
|
|
|
|
|
Page |
|
General Information | 1 |
|
Statement of Financial Position | 2 | to | 3 |
|
Notes to the Financial Statements | 4 | to | 7 |
|
BARKER ASSOCIATES LLP |
|
GENERAL INFORMATION |
For The Year Ended 31 March 2019 |
|
|
|
|
|
|
|
DESIGNATED MEMBERS: |
|
|
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
1 Rushmills |
Bedford Road |
Northampton |
Northamptonshire |
NN4 7YB |
BARKER ASSOCIATES LLP (REGISTERED NUMBER: OC378090) |
|
STATEMENT OF FINANCIAL POSITION |
31 March 2019 |
|
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
|
|
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
- |
1,085,535 |
|
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
9 |
- |
179,347 |
|
MEMBERS' OTHER INTERESTS |
Other reserves |
|
|
- | 1,085,535 |
|
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | - | 179,347 |
Members' other interests | - | 906,188 |
- | 1,085,535 |
|
|
|
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. |
BARKER ASSOCIATES LLP (REGISTERED NUMBER: OC378090) |
|
STATEMENT OF FINANCIAL POSITION - continued |
31 March 2019 |
|
|
|
|
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
|
|
|
|
|
|
|
BARKER ASSOCIATES LLP (REGISTERED NUMBER: OC378090) |
|
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2019 |
|
|
1. | STATUTORY INFORMATION |
|
Barker Associates 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
|
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. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The capital |
element of the future payments is treated as a liability. |
|
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
|
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme |
are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEE INFORMATION |
|
The average number of employees during the year was
|
BARKER ASSOCIATES LLP (REGISTERED NUMBER: OC378090) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2019 |
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2018 |
|
|
|
|
Additions |
|
|
|
|
Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 March 2019 |
|
|
|
|
DEPRECIATION |
At 1 April 2018 |
|
|
|
|
Charge for year |
|
|
|
|
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 March 2019 |
|
|
|
|
NET BOOK VALUE |
At 31 March 2019 |
|
|
|
|
At 31 March 2018 |
|
|
|
|
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2018 |
|
|
|
Disposals | ( |
) | ( |
) | ( |
) |
At 31 March 2019 |
|
|
|
DEPRECIATION |
At 1 April 2018 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 March 2019 |
|
|
|
NET BOOK VALUE |
At 31 March 2019 |
|
|
|
At 31 March 2018 |
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
BARKER ASSOCIATES LLP (REGISTERED NUMBER: OC378090) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2019 |
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
|
|
Hire purchase contracts (see note 8) |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts (see note 8) |
|
|
|
8. | LEASING AGREEMENTS |
|
Minimum lease payments fall due as follows: |
|
Hire purchase contracts |
2019 | 2018 |
£ | £ |
Net obligations repayable: |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
Non-cancellable operating |
leases |
2019 | 2018 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
BARKER ASSOCIATES LLP (REGISTERED NUMBER: OC378090) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2019 |
|
|
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
|
2019 | 2018 |
£ | £ |
Members' capital classified as capital | - | 500,000 |
Amounts due to members in respect of profits | - | (320,653 | ) |
- | 179,347 |
|
Amounts falling due within one year | - | 179,347 |
- | 179,347 |
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in winding up. No |
protection has been afforded to creditors which is legally enforceable or cannot be revoked at will by the |
members. There are no restrictions or limitations which exist on the ability of the members to reduce the |
amount of members' interests in the LLP. |
|
|
On 31 March 2019 the LLP was incorporated and it's trade and assets were transferred to Barker Associates |
(Essex) Limited. |