Over the Canal LLP - Accounts to registrar (filleted) - small 18.2

Over the Canal LLP - Accounts to registrar (filleted) - small 18.2

OVER THE CANAL LLP - Company Information

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REGISTERED NUMBER: OC399471 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Over the Canal LLP
Over the Canal LLP (Registered number: OC399471)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

General Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Over the Canal LLP

General Information
for the Year Ended 31 December 2018







DESIGNATED MEMBERS: F Filippi
Mrs H Filippi
Mrs L Garbarino





REGISTERED OFFICE: 119 The Hub
300 Kensal Road
London
London
W10 5BE





REGISTERED NUMBER: OC399471 (England and Wales)





ACCOUNTANT: Hilton Consulting Limited
119 The Hub
300 Kensal Road
London
W10 5BE
Page 1
Over the Canal LLP (Registered number: OC399471)

Abridged Statement of Financial Position
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,463 72,661

CURRENT ASSETS
Debtors 27,250 89,089
Cash at bank and in hand 27,198 46,993
54,448 136,082
CREDITORS
Amounts falling due within one year 109,911 137,239
NET CURRENT LIABILITIES (55,463 ) (1,157 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS - 71,504

LOANS AND OTHER DEBTS DUE TO
MEMBERS
5
-
71,504

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 - 71,504
Amounts due from members (3,397 ) -
(3,397 ) 71,504

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 December 2018.

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 notes form part of these financial statements

Page 2 continued...
Over the Canal LLP (Registered number: OC399471)

Abridged Statement of Financial Position - continued
31 December 2018


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP on 27 September 2019 and were signed by:





F Filippi - Designated member

The notes form part of these financial statements

Page 3
Over the Canal LLP (Registered number: OC399471)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Over the Canal 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2017 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018 125,208
Additions 1,634
At 31 December 2018 126,842
DEPRECIATION
At 1 January 2018 52,547
Charge for year 18,832
At 31 December 2018 71,379
NET BOOK VALUE
At 31 December 2018 55,463
At 31 December 2017 72,661

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests.

Page 4