Chamberlains UK LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC306936 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

FOR

CHAMBERLAINS UK LIMITED LIABILITY

PARTNERSHIP

Page

General Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R M Shah

Mrs M Shah

S Shah

REGISTERED OFFICE:

173 Cleveland Street

London

W1T 6QR

REGISTERED NUMBER:

OC306936 (England and Wales)

ACCOUNTANTS:

Chamberlains UK LLP

173 Cleveland Street

London

W1T 6QR

FIXED ASSETS

Tangible assets

4

1,826

4,478

Investments

5

2

2

1,828

4,480

CURRENT ASSETS

Debtors

1,062,578

1,052,807

Cash at bank and in hand

511,557

224,894

1,574,135

1,277,701

CREDITORS

Amounts falling due within one year

167,979

158,384

NET CURRENT ASSETS

1,406,156

1,119,317

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,407,984

1,123,797

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

1,407,954

1,123,767

MEMBERS' OTHER INTERESTS

Capital accounts

30

30

1,407,984

1,123,797

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

1,407,954

1,123,767

Members' other interests

30

30

1,407,984

1,123,797

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 31st 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31st March 2019 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 16th December 2019 and were signed by:

R M Shah - Designated member

1.	STATUTORY INFORMATION

Chamberlains UK Limited Liability Partnership 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.

Related party exemption

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with

wholly owned subsidiaries within the group.

Turnover and revenue recognition

Revenue is recognised to the extent that it is probable that economic benefits will flow to the LLP and the

revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or

receivable excluding discounts, rebates and VAT.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in

accordance with the stage of completion of the contract when all the following conditions are satisfied:-

(a) the amount of revenue can be measured reliably;

(b) it is probable that the economic benefits associated with the transaction will flow to the entity;

(c) the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

(d) the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

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 etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Consolidation

The limited liability partnership and its subsidiary comprise a small group and has therefore taken advantage of

the exemption provided by section 398 of the Companies Act 2006. as applied to limited liability partnerships by

regulation 3 of the limited liability Partnership Regulations 2001, not to prepare group accounts.

Leased assets

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged against profit on a straight line basis over the lease term.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2018

and 31st March 2019

61,329

DEPRECIATION

At 1st April 2018

56,851

Charge for year

2,652

At 31st March 2019

59,503

NET BOOK VALUE

At 31st March 2019

1,826

At 31st March 2018

4,478

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st April 2018

and 31st March 2019

2

NET BOOK VALUE

At 31st March 2019

2

At 31st March 2018

2

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up the amounts included in "Loans and other debts due to members" will rank equally

with unsecured creditors.