Priderm LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC364849 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Priderm LLP

Page

General Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Dr. N K Singh

Mrs R M Singh

REGISTERED OFFICE:

One St. Peter's Square

Manchester

M2 3DE

REGISTERED NUMBER:

OC364849 (England and Wales)

ACCOUNTANTS:

Mazars LLP

One St. Peter's Square

Manchester

M2 3DE

The following reproduces the text of the report prepared for the members in respect of the

LLP's annual unaudited financial statements. In accordance with the Companies Act 2006,

the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Members are not

required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the

Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006)

Regulations 2008, we have prepared for your approval the financial statements of Priderm LLP for

the year ended 31 March 2019 which comprise the Profit and Loss Account, Balance Sheet and

the related notes from the LLP's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Priderm LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Priderm LLP and state those matters that we have agreed to state to the members of Priderm LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Priderm LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Priderm LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Priderm LLP. You consider that Priderm LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Priderm LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mazars LLP

One St. Peter's Square

Manchester

M2 3DE

29 October 2019

CURRENT ASSETS

Debtors

3

116,567

54,780

Cash at bank

10,406

54,004

126,973

108,784

CREDITORS

Amounts falling due within one year

4

68,413

57,772

NET CURRENT ASSETS

58,560

51,012

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

58,560

51,012

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

58,560

51,012

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

58,560

51,012

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 applicable to LLPs subject to the small LLPs regime.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP on 29 October 2019 and were signed by:

Dr. N K Singh - Designated member

1.	STATUTORY INFORMATION

Priderm 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.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

116,567

54,780

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

47,452

19,355

Other creditors

20,961

38,417

68,413

57,772

5.	FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when the company becomes a party

to the contractual provisions of the financial instrument.

Cash and cash equivalents

These comprise cash at bank and other short-term, highly liquid bank deposits with an

original maturity of three months or less.

Debtors

Debtors do not carry interest and are stated at their nominal value. Appropriate allowances

for estimated irrecoverable amounts are recognised in the profit and loss account when

there is objective evidence that the asset is impaired.

Trade creditors

Trade creditors are not interest bearing and are stated at their nominal value.

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.19

31.3.18

£

£

Amounts owed to members in respect of profits

58,560

51,012

Falling due within one year

58,560

51,012

Loans and other amounts due to members are repayable once all other outstanding debts

have been settled.