Vertu Enterprises LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SO305064 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2019

for

Vertu Enterprises LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Christian Andrew Little

Kenneth Morrison

REGISTERED OFFICE:

69 Brunswick Street

Edinburgh

EH7 5HT

REGISTERED NUMBER:

SO305064 (Scotland)

CURRENT ASSETS

Debtors

4

37,578

47,424

Cash at bank and in hand

18,947

8,951

56,525

56,375

CREDITORS

Amounts falling due within one year

5

847

1,476

NET CURRENT ASSETS

55,678

54,899

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

55,678

54,899

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

55,562

54,783

MEMBERS' OTHER INTERESTS

Capital accounts

116

116

55,678

54,899

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

55,562

54,783

Members' other interests

116

116

Amounts due from members

4

(4,197

)

(7,360

)

51,481

47,539

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 October 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 and authorised for issue on 8 April 2020 and were signed by:

Maurice Walters - Designated member

1.	STATUTORY INFORMATION

Vertu Enterprises LLP is registered in Scotland. 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.

3.	EMPLOYEE INFORMATION

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

4.

DEBTORS

31.10.19

31.10.18

€

€

Amounts falling due within one year:

Trade debtors

-

6,683

Amounts due from members

4,197

7,360

Other debtors

3,479

3,479

7,676

17,522

Amounts falling due after more than one year:

Loan

29,902

29,902

Aggregate amounts

37,578

47,424

€29,902 interest free loan was granted to Lilijana Kasteilc, a company registered in Slovenia, payable within 20

years.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

€

€

Trade creditors

(1

)

127

Accrued expenses

848

1,349

847

1,476

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up of the LLP, amounts classified as 'other debts due to members' would rank behind

other non-secured creditors. There are no restrictions that exist on the ability of members to reduce the amounts

classifies as 'members capital'.