Commarque LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC386430 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2019

FOR

COMMARQUE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

C A De Commarque

REGISTERED OFFICE:

2nd Floor Regis House,

45 King William Street,

London

EC4R 9AN

REGISTERED NUMBER:

OC386430 (England and Wales)

FIXED ASSETS

Tangible assets

4

17,872

35,125

CURRENT ASSETS

Debtors

5

1,036

30,217

Cash at bank

219

35,471

1,255

65,688

CREDITORS

Amounts falling due within one year

6

7,378

7,126

NET CURRENT (LIABILITIES)/ASSETS

(6,123

)

58,562

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

11,749

93,687

LOANS AND OTHER DEBTS DUE TO MEMBERS

11,749

93,687

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11,749

93,687

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 July 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.

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 4 March 2020 and were signed by:

C A De Commarque - Designated member

1.	STATUTORY INFORMATION

Commarque 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset under construction

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33.33% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Asset

under

Motor

Computer

construction

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2018

and 31 July 2019

42,324

6,532

5,694

54,550

DEPRECIATION

At 1 August 2018

14,108

1,633

3,684

19,425

Charge for year

14,108

1,633

1,512

17,253

At 31 July 2019

28,216

3,266

5,196

36,678

NET BOOK VALUE

At 31 July 2019

14,108

3,266

498

17,872

At 31 July 2018

28,216

4,899

2,010

35,125

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

500

500

VAT

536

3,695

Prepayments and accrued income

-

26,022

1,036

30,217

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

333

80

Accruals and deferred income

7,045

7,046

7,378

7,126