RSKB Holdings LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC393153 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MAY 2019

FOR

RSKB HOLDINGS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

K K Bohara

R Sepehrara

P K Solanki

REGISTERED OFFICE:

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

REGISTERED NUMBER:

OC393153 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

3

481,162

491,409

CURRENT ASSETS

Debtors

4

1,352,773

1,316,688

Investments

5

101

101

Cash at bank

14,510

10,945

1,367,384

1,327,734

CREDITORS

Amounts falling due within one year

6

78,361

55,887

NET CURRENT ASSETS

1,289,023

1,271,847

TOTAL ASSETS LESS CURRENT LIABILITIES

1,770,185

1,763,256

CREDITORS

Amounts falling due after more than one year

7

859,019

983,131

NET ASSETS ATTRIBUTABLE TO MEMBERS

911,166

780,125

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

911,166

780,125

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

911,166

780,125

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 29 May 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 Profit and loss account has not been delivered.

The financial statements were approved by the members of the LLP on 7 November 2019 and were signed by:

K K Bohara - Designated member

1.	STATUTORY INFORMATION

RSKB Holdings 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.

The significant accounting policies applied in the preparation of the financial statements are set out below.

These policies have been consistently applied to all periods presented unless otherwise stated.

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.

Freehold property

-

2% on cost

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 30 May 2018

and 29 May 2019

511,528

DEPRECIATION

At 30 May 2018

20,119

Charge for year

10,247

At 29 May 2019

30,366

NET BOOK VALUE

At 29 May 2019

481,162

At 29 May 2018

491,409

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Amounts owed by group undertakings

1,352,773

1,316,688

5.	CURRENT ASSET INVESTMENTS

2019

2018

£

£

Shares in group undertakings

101

101

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

206

206

Hire purchase contracts

74,418

53,879

Other creditors

3,737

1,802

78,361

55,887

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

135,238

199,430

Other creditors

723,781

783,701

859,019

983,131

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

with unsecured creditors.

9.	RELATED PARTY DISCLOSURES

During the year RSKB Holdings LLP operated a loan account with wholly owned subsidiary The Dental Suite

(Leicester) Limited. RSKB met costs of £7,337 (2018: £841) on behalf of The dEntals Suite (Leicester)

Limited) At the balance sheet date the amount due from The Dental Suite (Leicester) Limited was £367,009

(2018: 409,991). The amount is included in other debtors.

During the year RSKB Holdings LLP operated a loan account with wholly owned subsidiary The Dental Suite

(Loughborough) Limited. RSKB met costs of £19,061 (2018: £439) on behalf of The Dental Suite

(Loughborough) Limited. At the balance sheet date the amount due from The Dental Suite (Loughborough)

Limited was £287,973 (2018: £349,102). The amount is included in other debtors.

During the year RSKB Holdings LLP operated a loan account with a member related entity The Dental Suite

(Nottingham) LLP. RSKB met costs of £11,437 (2018: £4,607) on behalf of The Dental Suite (Nottingham)

LLP. At the balance sheet date the amount due from The Dental Suite (Nottingham) LLP was £697,791 (2018:

£557,150). The amount is included in other debtors.

All loans are interest free and repayable on demand.