PAN Governance LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC333840 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

PAN GOVERNANCE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

A J Cheeseman

S Delo

C A Earnshaw

M A Roberts

REGISTERED OFFICE:

3, Castlefield Court

Church Street

Reigate

Surrey

RH2 0AH

REGISTERED NUMBER:

OC333840 (England and Wales)

ACCOUNTANTS:

WBD Accountants Limited

Marlbridge House

Enterprise Way

Edenbridge

Kent

TN8 6HF

FIXED ASSETS

Tangible assets

3

2,394

316

CURRENT ASSETS

Debtors

4

648,290

485,476

Cash at bank

546,256

393,198

1,194,546

878,674

CREDITORS

Amounts falling due within one year

5

268,383

216,987

NET CURRENT ASSETS

926,163

661,687

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

928,557

662,003

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

928,557

662,003

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

928,557

662,003

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 12 August 2019 and were signed by:

A J Cheeseman - Designated member

1.	STATUTORY INFORMATION

PAN Governance 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 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

4,219

Additions

3,586

Disposals

(2,343

)

At 31 March 2019

5,462

DEPRECIATION

At 1 April 2018

3,903

Charge for year

1,508

Eliminated on disposal

(2,343

)

At 31 March 2019

3,068

NET BOOK VALUE

At 31 March 2019

2,394

At 31 March 2018

316

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

413,390

306,780

Other debtors

234,900

178,696

648,290

485,476

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

191,672

124,308

Taxation and social security

42,684

42,230

Other creditors

34,027

50,449

268,383

216,987

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

7.	ULTIMATE CONTROLLING PARTY

During the year the company was under the control of its members.