P & D Management LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC327086 (England and Wales)

Financial Statements for the Year Ended 31 May 2019

for

P & D Management LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ms S M Dickens

A C Howeson

REGISTERED OFFICE:

2B Haddo Street

Greenwich

London

SE10 9RN

REGISTERED NUMBER:

OC327086 (England and Wales)

ACCOUNTANTS:

Burnbecks Limited

Chartered Certified Accountants

2B Haddo Street

Greenwich

London

SE10 9RN

CURRENT ASSETS

Debtors

-

14,153

Cash at bank and in hand

6,187

2,195

6,187

16,348

CREDITORS

Amounts falling due within one year

6,128

11,106

NET CURRENT ASSETS

59

5,242

TOTAL ASSETS LESS CURRENT LIABILITIES

59

5,242

CREDITORS

Amounts falling due after more than one year

-

5,242

NET ASSETS ATTRIBUTABLE TO MEMBERS

59

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

59

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

59

-

Amounts due from members

-

(13,793

)

59

(13,793

)

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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 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 25 February 2020 and were signed by:

Ms S M Dickens - Designated member

A C Howeson - Designated member

1.	STATUTORY INFORMATION

P & D Management 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 represents net invoiced sales of wet and dry goods, excluding value added tax.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2018 - 10 ).

4.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.19

31.5.18

£

£

Bank loans

4,347

13,742

The bank overdraft is secured by a personal guarantee given by Ms S M Dickens to the LLP's bankers.

5.	ULTIMATE CONTROLLING PARTY