Oak Lane Estates LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC380231 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2018 TO 31 MAY 2019

FOR

OAK LANE ESTATES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr S A Hall

Mr A J Head

Mr B A McNamara

Mr D O'Donnell

Miss L L Head

Mrs P J Sparks

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

OC380231 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

CURRENT ASSETS

Stocks

3

-

187,372

Debtors

4

5,458

130,000

Cash at bank

4,848

72,949

10,306

390,321

CREDITORS

Amounts falling due within one year

5

1,530

4,800

NET CURRENT ASSETS

8,776

385,521

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

8,776

385,521

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

8,776

385,521

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

8,776

385,521

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 period ended 31 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 of Part 15 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 small LLPs.

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 14 June 2019 and were signed by:

Mr S A Hall - Designated member

1.	STATUTORY INFORMATION

Oak Lane Estates 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

3.

STOCKS

31.5.19

31.3.18

£

£

Work-in-progress

-

187,372

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.3.18

£

£

Other debtors

5,458

130,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.3.18

£

£

Accrued expenses

1,530

4,800

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.5.19

31.3.18

£

£

Amounts owed to members in respect of profits

8,776

385,521

Falling due within one year

8,776

385,521

Total loans due to members is £385,521.