Wilcox Family LLP - Accounts to registrar (filleted) - small 18.2

Wilcox Family LLP - Accounts to registrar (filleted) - small 18.2

WILCOX FAMILY LLP - Company Information

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REGISTERED NUMBER: OC376351 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

WILCOX FAMILY LLP
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WILCOX FAMILY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DESIGNATED MEMBERS: M A Wilcox DM FRCOG
Mrs S Wilcox





REGISTERED OFFICE: 10 Lonsdale Gardens
TUNBRIDGE WELLS
Kent
TN1 1NU





REGISTERED NUMBER: OC376351 (England and Wales)





ACCOUNTANTS: Wells Associates
10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU
Page 1
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 482,500 482,500

CURRENT ASSETS
Debtors - 21,368
Cash at bank 3,120 414
3,120 21,782
CREDITORS
Amounts falling due within one year 4 10,145 9,700
NET CURRENT (LIABILITIES)/ASSETS (7,025 ) 12,082
TOTAL ASSETS LESS CURRENT
LIABILITIES
475,475
494,582

CREDITORS
Amounts falling due after more than one year 5 176,241 194,197
NET ASSETS ATTRIBUTABLE TO MEMBERS 299,234 300,385

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
72,898
74,049

MEMBERS' OTHER INTERESTS
Capital accounts 226,336 226,336
299,234 300,385

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 72,898 74,049
Members' other interests 226,336 226,336
Amounts due from members - (21,368 )
299,234 279,017

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 notes form part of these financial statements

Page 2 continued...
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2019


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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 17 December 2019 and were signed by:





M A Wilcox DM FRCOG - Designated member

The notes form part of these financial statements

Page 3
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1. STATUTORY INFORMATION

Wilcox Family 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair
value is recognised in profit or loss.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2018
and 31 March 2019 482,500
NET BOOK VALUE
At 31 March 2019 482,500
At 31 March 2018 482,500

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 9,200 8,800
Other creditors 945 900
10,145 9,700

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Bank loans 176,241 194,197

6. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 185,441 202,997

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari
passu with unsecured creditors.

Page 4