A K N (Sussex) LLP - Accounts to registrar (filleted) - small 18.2

A K N (Sussex) LLP - Accounts to registrar (filleted) - small 18.2

A K N (SUSSEX) LLP - Company Information

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REGISTERED NUMBER: OC337568 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

A K N (SUSSEX) LLP
A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

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


A K N (SUSSEX) LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DESIGNATED MEMBERS: Fitzpatrick LLP
First Charterhouse Enterprises Ltd





REGISTERED OFFICE: 30 New Road
Brighton
East Sussex
BN1 1BN





REGISTERED NUMBER: OC337568 (England and Wales)





ACCOUNTANTS: Galloways
30 New Road
Brighton
East Sussex
BN1 1BN
Page 1
A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Stocks 3 1,303,486 1,300,932
Debtors 4 86,760 81,692
Cash at bank 8,639 8,388
1,398,885 1,391,012
CREDITORS
Amounts falling due within one year 5 1,397,661 1,312,443
NET CURRENT ASSETS 1,224 78,569
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
1,224
78,569

LOANS AND OTHER DEBTS DUE TO
MEMBERS
6
1,224
78,569

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 1,224 78,569

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 18 July 2019 and were signed by:





First Charterhouse Enterprises Ltd - Designated member

The notes form part of these financial statements

Page 2
A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

A K N (Sussex) LLP is registered in England and Wales. The LLP's registered number and registered office address can be
found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £1.

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 gross proceeds from sale of properties and gross rents receivable during the period and falls within
the company's ordinary activities.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

3. STOCKS
2019 2018
£    £   
Stocks 1,303,486 1,300,932

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 5,047 2,000
Other debtors 81,713 79,692
86,760 81,692

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 644 -
Taxation and social security - 600
Other creditors 1,397,017 1,311,843
1,397,661 1,312,443

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members represent allocated profits not yet paid to members and are due within one year. In the
event of a winding up, loans and other debts due to members rank equally within unsecured debts, and no additional
protection is afforded to creditors.

No restrictions exist on the ability of the members to reduce the amount of Members' other interests.

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