Royce & Daughters LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC415279 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

ROYCE & DAUGHTERS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs C Royce

Charmaison Limited

REGISTERED OFFICE:

93 Bohemia Road

St Leonards

East Sussex

TN37 6RJ

REGISTERED NUMBER:

OC415279 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Tangible assets

3

1,538

2,050

Investment property

4

7,307,866

7,152,050

7,309,404

7,154,100

CREDITORS

Amounts falling due within one year

5

50,703

41,851

NET CURRENT LIABILITIES

(50,703

)

(41,851

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,258,701

7,112,249

CREDITORS

Amounts falling due after more than one year

6

-

2,948,969

NET ASSETS ATTRIBUTABLE TO MEMBERS

7,258,701

4,163,280

LOANS AND OTHER DEBTS DUE TO MEMBERS

138,577

47,653

MEMBERS' OTHER INTERESTS

Capital accounts

7,120,124

4,115,627

7,258,701

4,163,280

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

138,577

47,653

Members' other interests

7,120,124

4,115,627

7,258,701

4,163,280

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 19 December 2019 and were signed by:

Mrs C Royce - Designated member

1.	STATUTORY INFORMATION

Royce & Daughters 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.

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.

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 April 2018

and 31 March 2019

2,556

Depreciation

At 1 April 2018

506

Charge for year

512

At 31 March 2019

1,018

Net book value

At 31 March 2019

1,538

At 31 March 2018

2,050

4.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2018

7,152,050

Additions

155,816

At 31 March 2019

7,307,866

Net book value

At 31 March 2019

7,307,866

At 31 March 2018

7,152,050

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

50,703

41,851

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

-

2,948,969

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

-

2,948,969