Haggards Crowther Professional Services - Accounts to registrar (filleted) - small 18.2
Haggards Crowther Professional Services - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2019 |
for |
Haggards Crowther Professional Services |
LLP |
Haggards Crowther Professional Services |
LLP (Registered number: OC387163) |
Contents of the Financial Statements |
for the Year Ended 30 April 2019 |
Page |
Chartered Accountants' Report | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
Haggards Crowther Professional Services |
LLP |
The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited |
financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. |
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the |
Members are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability |
Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your |
approval the financial statements of Haggards Crowther Professional Services LLP for the year ended 30 April 2019 which |
comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's |
accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the members of Haggards Crowther Professional Services LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Haggards Crowther Professional Services LLP and state those matters that we have agreed to state to the members of Haggards Crowther Professional Services LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Haggards Crowther Professional Services LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Haggards Crowther Professional Services LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Haggards Crowther Professional Services LLP. You consider that Haggards Crowther Professional Services LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Haggards Crowther Professional Services LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
2nd Floor, Heathmans House |
19 Heathmans Road |
London |
SW6 4TJ |
Date: ............................................. |
Haggards Crowther Professional Services |
LLP (Registered number: OC387163) |
Balance Sheet |
30 April 2019 |
30.4.19 | 30.4.18 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 5 |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 312,156 | 304,522 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
312,156 |
304,522 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 312,156 | 304,522 |
Amounts due from members | 3 | (28,867 | ) | (383 | ) |
283,289 | 304,139 |
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. |
Haggards Crowther Professional Services |
LLP (Registered number: OC387163) |
Balance Sheet - continued |
30 April 2019 |
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 |
Haggards Crowther Professional Services |
LLP (Registered number: OC387163) |
Notes to the Financial Statements |
for the Year Ended 30 April 2019 |
1. | STATUTORY INFORMATION |
Haggards Crowther Professional Services LLP is a limited liability partnership registered in England and Wales. The |
partnership's registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, London, SW6 4TJ. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and assumptions |
that affect the amounts reported. These estimates and judgements are continually reviewed and are based on |
experience and other factors, including expectations of future events that are believed to be reasonable under the |
circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that |
affect the preparation of the financial statements. |
Turnover |
Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that |
there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only |
been partially completed at the balance sheet date, turnover represents the value of the services provided to date |
based on a proportion of the total contract value. Where payments are received from customers in advance of |
services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one |
year. |
Work in progress |
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. |
Haggards Crowther Professional Services |
LLP (Registered number: OC387163) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
2. | ACCOUNTING POLICIES - continued |
Members' participation rights |
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement |
(for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits). |
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the |
LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial |
Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of |
Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a |
liability unless the right to any payment is discretionary on the part of the LLP. |
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if |
the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional |
right, such amounts are classified as liabilities. Members’ capital and other debts rank after unsecured creditors in |
the event of a winding up. |
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse |
payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as |
an expense in the income statement in the relevant year. To the extent that they remain unpaid at the year end, they |
are shown as liabilities in the statement of financial position. |
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an |
unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an |
expense. They are therefore shown as a residual amount available for discretionary division among members in the |
income statement and are equity appropriations in the statement of financial position. |
Other amounts applied to members, for example remuneration paid under an employment contract and interest on |
capital balances, are treated in the same way as all other divisions of profits, as described above, according to |
whether the LLP has, in each case, an unconditional right to refuse payment. |
All amounts due to members that are classified as liabilities are presented in the statement of financial position |
within 'Loans and other debts due to members' and are charged to the income statement within 'Members' |
remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the |
statement of financial position within 'Members' other interests'. |
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.19 | 30.4.18 |
£ | £ |
Trade debtors |
Other debtors |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.19 | 30.4.18 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
The Other creditors balance contains loans due to Mr P Crowther of £13,369 (2018 - £13,080) is interest bearing at |
5% per annum, unsecured and repayable on demand. There is a further £14,053 (2018 - £27,442) due to Mr P |
Crowther in creditors falling due in more than one year under the same terms. |
Haggards Crowther Professional Services |
LLP (Registered number: OC387163) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.19 | 30.4.18 |
£ | £ |
Bank loans |
Other creditors |