Parker Randall LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC301864 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

PARKER RANDALL LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mr R A Ali

Mr M Robinson

REGISTERED OFFICE:

Office 360 3rd Floor The News Building

3 London Bridge Street

London Bridge

London

SE1 9SG

REGISTERED NUMBER:

OC301864 (England and Wales)

ACCOUNTANTS:

Parker Randall LLP

Chartered Certified Accountants

3rd Floor, The News Building

3 London Bridge Street

London

SE1 9SG

BANKERS:

Natwest

City of London

PO Box 12258

1 Princes Street

London

EC2R 8BP

FIXED ASSETS

Tangible assets

4

3,606

4,991

CURRENT ASSETS

Debtors

5

81,594

48,296

Cash at bank

17,739

12,512

99,333

60,808

CREDITORS

Amounts falling due within one year

6

102,939

53,529

NET CURRENT (LIABILITIES)/ASSETS

(3,606

)

7,279

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

12,270

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

-

12,270

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

-

12,270

Amounts due from members

5

(29,782

)

(4,001

)

(29,782

)

8,269

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 30 December 2019 and were signed by:

Mr M Robinson - Designated member

Mr R A Ali - Designated member

1.	STATUTORY INFORMATION

Parker Randall 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

and 31 March 2019

8,829

39,439

29,512

77,780

DEPRECIATION

At 1 April 2018

8,437

36,181

28,171

72,789

Charge for year

130

813

442

1,385

At 31 March 2019

8,567

36,994

28,613

74,174

NET BOOK VALUE

At 31 March 2019

262

2,445

899

3,606

At 31 March 2018

392

3,258

1,341

4,991

Property was transferred to the partners as at January 2013.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

51,712

44,195

Amounts due from members

29,782

4,001

Other debtors

100

100

81,594

48,296

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

61,415

32,924

Trade creditors

8,297

6,111

Social security and other taxes

-

485

VAT

27,594

5,411

Client ledgers

5,633

8,598

102,939

53,529

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Creditors and ranked above loans due to members.