SFG Property 2 LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC413455 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

SFG Property 2 LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P S D Storey

B C Gower

REGISTERED OFFICE:

First Floor, St Johns House

16 Church Street

Bromsgrove

Worcestershire

B61 8DN

REGISTERED NUMBER:

OC413455 (England and Wales)

ACCOUNTANTS:

Clay Knox Ltd

First Floor, St Johns House

16 Church Street

Bromsgrove

Worcestershire

B61 8DN

CURRENT ASSETS

Stocks

1,736,917

1,654,711

Debtors

122,746

60,632

Cash at bank

7,497

7,939

1,867,160

1,723,282

CREDITORS

Amounts falling due within one year

1,523,457

1,322,164

NET CURRENT ASSETS

343,703

401,118

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

343,703

401,118

LOANS AND OTHER DEBTS DUE TO MEMBERS

3

343,703

401,118

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

3

343,703

401,118

Amounts due from members

(105,296

)

(43,382

)

238,407

357,736

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 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 31 January 2020 and were signed by:

B C Gower - Designated member

1.	STATUTORY INFORMATION

SFG Property 2 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

3.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to other creditors in the event of a

winding up.