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

REGISTERED NUMBER: OC407398 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2018 to 31 October 2018

for

Flatlineonline LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D K Harvey

S D Harvey

Mrs F N De La Lynde

REGISTERED OFFICE:

182 Whiteladies Road

Clifton

Bristol

City of Bristol

BS8 2XU

REGISTERED NUMBER:

OC407398 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

City of Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

-

48,090

CURRENT ASSETS

Debtors

5

495

5,414

Cash at bank

155,382

168,662

155,877

174,076

CREDITORS

Amounts falling due within one year

6

25,473

25,109

NET CURRENT ASSETS

130,404

148,967

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

130,404

197,057

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

130,404

197,057

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

130,404

197,057

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 period ended 31 October 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 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 24 July 2019 and were signed by:

D K Harvey - Designated member

Mrs F N De La Lynde - Designated member

1.	STATUTORY INFORMATION

Flatlineonline 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 6 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

1,139

52,747

6,716

60,602

Additions

771

-

2,487

3,258

Disposals

(1,910

)

(52,747

)

(9,203

)

(63,860

)

At 31 October 2018

-

-

-

-

DEPRECIATION

At 1 April 2018

304

9,564

2,644

12,512

Eliminated on disposal

(304

)

(9,564

)

(2,644

)

(12,512

)

At 31 October 2018

-

-

-

-

NET BOOK VALUE

At 31 October 2018

-

-

-

-

At 31 March 2018

835

43,183

4,072

48,090

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.3.18

£

£

Trade debtors

-

1,932

Other debtors

-

91

VAT

495

-

Prepayments

-

3,391

495

5,414

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.3.18

£

£

Trade creditors

-

1,636

VAT

-

21,476

Other creditors

24,473

47

Accrued expenses

1,000

1,950

25,473

25,109

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members', other than members' capital classified as debt, rank equally in

relation to unsecured other creditors.