Adams Business Finance LLP - Accounts to registrar (filleted) - small 18.2

Adams Business Finance LLP - Accounts to registrar (filleted) - small 18.2

ADAMS BUSINESS FINANCE LLP - Company Information

Print Friendly Version

IRIS Accounts Production v19.1.0.729 OC347619 designated member 1.4.18 31.3.19 31.3.19 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3476192018-03-31OC3476192019-03-31OC3476192018-04-012019-03-31OC3476192017-03-31OC3476192017-04-012018-03-31OC3476192018-03-31OC347619ns15:EnglandWales2018-04-012019-03-31OC347619ns14:PoundSterling2018-04-012019-03-31OC347619ns10:Director12018-04-012019-03-31OC347619ns10:LimitedLiabilityPartnershipLLP2018-04-012019-03-31OC347619ns10:SmallEntities2018-04-012019-03-31OC347619ns10:AuditExempt-NoAccountantsReport2018-04-012019-03-31OC347619ns10:SmallCompaniesRegimeForAccounts2018-04-012019-03-31OC347619ns10:LimitedLiabilityPartnershipsSORP2018-04-012019-03-31OC347619ns10:FullAccounts2018-04-012019-03-31OC347619ns10:Director22018-04-012019-03-31OC347619ns10:Director32018-04-012019-03-31OC347619ns10:RegisteredOffice2018-04-012019-03-31
















ADAMS BUSINESS FINANCE LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019





Barretts
Chartered Accountants &
Chartered Tax Advisers
22 Union Street
Newton Abbot
Devon
TQ12 2JS








ADAMS BUSINESS FINANCE LLP (REGISTERED NUMBER: OC347619)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2019




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADAMS BUSINESS FINANCE LLP

GENERAL INFORMATION
for the Year Ended 31 March 2019







DESIGNATED MEMBERS: T C Adams
G W Keay
Mrs M P Barrett Rogers





REGISTERED OFFICE: Greendale Court
Clyst St Mary
Exeter
Devon
EX5 1AW





REGISTERED NUMBER: OC347619 (England and Wales)





ACCOUNTANTS: Barretts
Chartered Accountants &
Chartered Tax Advisers
22 Union Street
Newton Abbot
Devon
TQ12 2JS
Page 1
ADAMS BUSINESS FINANCE LLP (REGISTERED NUMBER: OC347619)

BALANCE SHEET
31 March 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investments 3 - 210,000

CURRENT ASSETS
Cash at bank 10,451,895 11,208,453
NET CURRENT ASSETS 10,451,895 11,208,453
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
10,451,895
11,418,453

LOANS AND OTHER DEBTS DUE TO
MEMBERS
4
10,451,895
11,418,453

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 4 10,451,895 11,418,453

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2019.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 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 small LLPs.

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 17 April 2019 and were signed by:





T C Adams - Designated member

The notes form part of these financial statements

Page 2
ADAMS BUSINESS FINANCE LLP (REGISTERED NUMBER: OC347619)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Adams Business Finance 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the interest due on loans and advances made on an accruals basis together with arrangement
and commitment fees.

Loans and advances made to customers
Loans and advances to customers are held as fixed asset investments to the extent that capital is not repayable
within 12 months of the balance sheet date. Capital repayable within twelve months of the balance sheet date is
shown within current assets.

3. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2019 2018
£    £   
Loans and advances
made to customers 210,000 210,000
Repayments received (210,000 ) -
- 210,000

4. LOANS AND OTHER DEBTS DUE TO MEMBERS
2019 2018
£    £   
Amounts owed to members in respect of profits 10,451,895 11,418,453

Falling due within one year 10,451,895 11,418,453

The loans are unsecured. It is the members' intention to repay other creditors in priority to any repayment of their
own loans.

Page 3