Writing Penn LLP - Accounts to registrar (filleted) - small 18.2

Writing Penn LLP - Accounts to registrar (filleted) - small 18.2

WRITING PENN LLP - Company Information

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REGISTERED NUMBER: OC311150 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 FEBRUARY 2019

FOR

WRITING PENN LLP
Vistra Accounting Services
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL








WRITING PENN LLP (REGISTERED NUMBER: OC311150)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 1 February 2019




Page

General information 1

Balance sheet 2

Notes to the financial statements 4


WRITING PENN LLP

GENERAL INFORMATION
for the Year Ended 1 February 2019







DESIGNATED MEMBERS: Timothy John Penn
Eirlys Rose Elizabeth Penn





REGISTERED OFFICE: 28 Westbury View
Peasedown St. John
Bath
BA2 8TZ





REGISTERED NUMBER: OC311150 (England and Wales)





ACCOUNTANTS: Vistra Accounting Services
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL
Page 1
WRITING PENN LLP (REGISTERED NUMBER: OC311150)

BALANCE SHEET
1 February 2019

1/2/19 1/2/18
Notes £    £   
FIXED ASSETS
Tangible assets 3 - 150

CURRENT ASSETS
Debtors 4 16,649 15,882
Cash at bank 52 -
16,701 15,882
CREDITORS
Amounts falling due within one year 5 (3,428 ) (8,022 )
NET CURRENT ASSETS 13,273 7,860
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
13,273
8,010

LOANS AND OTHER DEBTS DUE TO
MEMBERS
6
13,273
8,010

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 13,273 8,010
Amounts due from members 4 (16,649 ) (15,632 )
(3,376 ) (7,622 )

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 1 February 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 notes form part of these financial statements

Page 2 continued...
WRITING PENN LLP (REGISTERED NUMBER: OC311150)

BALANCE SHEET - continued
1 February 2019


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 30 October 2019 and were signed by:





Timothy John Penn - Designated member

The notes form part of these financial statements

Page 3
WRITING PENN LLP (REGISTERED NUMBER: OC311150)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 1 February 2019

1. STATUTORY INFORMATION

Writing Penn 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 (£).


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
Revenue is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods provided in the normal course of business, net of discounts, VAT and other sales related
taxes.

Sale of goods are recognised when goods are delivered and title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 50% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is
a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at
transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or
less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction
price.

Page 4 continued...
WRITING PENN LLP (REGISTERED NUMBER: OC311150)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 1 February 2019

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 2 February 2018
and 1 February 2019 11,346
DEPRECIATION
At 2 February 2018 11,196
Charge for year 150
At 1 February 2019 11,346
NET BOOK VALUE
At 1 February 2019 -
At 1 February 2018 150

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1/2/19 1/2/18
£    £   
Trade debtors - 250
Amounts due from members 16,649 15,632
16,649 15,882

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1/2/19 1/2/18
£    £   
Bank loans and overdrafts 546 4,961
VAT 2,162 2,341
Accrued expenses 720 720
3,428 8,022

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank last in relation to other creditors.

Page 5