Healium LLP - LLP accounts 18.2

REGISTERED NUMBER: OC334265 (England and Wales)

HEALIUM LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

Page

General Information

1

Report of the Members

2

Income Statement

3

Abridged Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mr M S Holt

Mr P S Hill

Mr N Huntley

Mr M Whittaker

Mr S J Law

REGISTERED OFFICE:

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

REGISTERED NUMBER:

OC334265 (England and Wales)

ACCOUNTANTS:

Mark Holt & Co Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

The members present their report with the financial statements of the LLP for the year ended 30 April 2019.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of business development.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr M S Holt

Mr P S Hill

Mr N Huntley

Mr M Whittaker

Mr S J Law

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £235 (2018 - £25,231 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr N Huntley - Designated member

30 January 2020

TURNOVER

86,450

89,982

Administrative expenses

79,514

60,614

OPERATING PROFIT

6,936

29,368

Interest payable and similar expenses

6,701

4,137

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

235

25,231

FIXED ASSETS

Tangible assets

4

108,494

144,658

CURRENT ASSETS

Debtors

1,921

71,526

Cash at bank

282

6,842

2,203

78,368

CREDITORS

Amounts falling due within one year

35,329

66,598

NET CURRENT (LIABILITIES)/ASSETS

(33,126

)

11,770

TOTAL ASSETS LESS CURRENT LIABILITIES

75,368

156,428

CREDITORS

Amounts falling due after more than one year

74,937

131,002

NET ASSETS ATTRIBUTABLE TO MEMBERS

431

25,426

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

431

25,426

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

431

25,426

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 30 April 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 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 30 April 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.

The financial statements were approved by the members of the LLP on 30 January 2020 and were signed by:

Mr N Huntley - Designated member

1.	STATUTORY INFORMATION

Healium LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on

the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A ''Small Entities'' of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies

Act 2006. 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2018

and 30 April 2019

187,403

DEPRECIATION

At 1 May 2018

42,745

Charge for year

36,164

At 30 April 2019

78,909

NET BOOK VALUE

At 30 April 2019

108,494

At 30 April 2018

144,658

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2018

and 30 April 2019

178,986

DEPRECIATION

At 1 May 2018

115,680

Charge for year

36,164

At 30 April 2019

151,844

NET BOOK VALUE

At 30 April 2019

27,142

At 30 April 2018

63,306

5.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Hire purchase contracts

104,318

131,002

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank below other creditors.