Odyssey Markides LLP,Ltd - AccountsLLP- Accounts

Odyssey Markides LLP,Ltd - AccountsLLP- Accounts

ODYSSEY CONSULT LLP - Company Information

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2018-07-01 OC385254 2019-06-30 OC385254 2018-07-01 2019-06-30 OC385254 2018-06-30 OC385254 2017-07-01 2018-06-30 OC385254 uk-core:WithinOneYear 2018-06-30 OC385254 uk-core:WithinOneYear 2019-06-30 OC385254 uk-bus:PartnerLLP1 2018-07-01 2019-06-30 OC385254 uk-core:PlantMachinery 2018-07-01 2019-06-30 OC385254 uk-core:ComputerEquipment 2018-07-01 2019-06-30 OC385254 uk-core:FurnitureFittings 2018-07-01 2019-06-30 OC385254 uk-core:ComputerEquipment 2018-06-30 OC385254 uk-core:FurnitureFittings 2018-06-30 OC385254 uk-core:PlantMachinery 2018-06-30 OC385254 uk-core:PlantMachinery 2019-06-30 OC385254 uk-core:FurnitureFittings 2019-06-30 OC385254 uk-core:ComputerEquipment 2019-06-30 iso4217:GBP xbrli:pure OC385254 uk-bus:AuditExemptWithAccountantsReport 2018-07-01 2019-06-30 OC385254 uk-bus:FRS102 2018-07-01 2019-06-30 OC385254 uk-bus:FullAccounts 2018-07-01 2019-06-30 OC385254 uk-bus:LimitedLiabilityPartnershipLLP 2018-07-01 2019-06-30
Odyssey Markides LLP
Registered Number:OC385254
For the year ended 30 June 2019
England and Wales
Report of the Members and Unaudited Financial Statements
2
For the year ended 30 June 2019
Odyssey Markides LLP
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 30 June 2019
Odyssey Markides LLP
Statement of Financial Position
Registered Number :
OC385254
2018
£
£
2019
Notes
Fixed assets
Property, plant and equipment
27,184
37,201
2
27,184
37,201
Current assets
Trade and other receivables
2,101,253
2,033,060
3
478,787
731,868
Cash and cash equivalents
2,511,847
2,833,121
Trade and other payables: amounts falling due within one year
(669,288)
(675,802)
4
2,163,833
1,836,045
Net current assets
Total assets less current liabilities
1,863,229
2,201,034
1,863,229
Net assets attributable to members
2,201,034
Members' other interests
Members' capital
1,027,443
951,149
Other reserves
835,786
1,249,885
1,863,229
2,201,034
1,863,229
2,201,034
Total members' interests
Members' other interests
1,863,229
2,201,034
1,863,229
2,201,034
For the year ended 30 June 2019 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
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 affair of the LLP as at the end of each financial year and of
its profit or loss for each 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 Liabilities Partnerships (Accounts and Audit) (Application of
Companies Act 2006) Regulations 2008 relating to the financial statements, so far as applicable to the LLP
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements are prepared in accordance with the provisions applicable to LLP's subject to the small LLP's regime.
Mr Brian Austin ChamberlainDesignated Member Director
These financial statements were approved by the members on 29 June 2020 and signed on their behalf by:
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4
For the year ended 30 June 2019
Odyssey Markides LLP
Notes to the Financial Statements
1. Accounting policies
Statutory Information
Odyssey Markides LLP is a limited liability partnership, domiciled in England and Wales, registration number OC385254.
Registered address:
Tuscany House
White Hart Lane
Basingstoke
Hampshire
RG21 4AF
The presentation currency is £ sterling.
Basis of preparation
The report and financial statements for the year ended 30 June 2019 have been prepared under the historical cost convention and in
accordance with the Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland' and the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".
Turnover
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
Pensions
The LLP pays contributions to qualifying individual pension schemes which are administered independently from the LLP. These are charged to the profit and loss as they become payable.
Depreciation of tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
33% Straight line
Computer equipment
25% Straight line
Fixtures and fittings
Leasing and hire purchase commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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5
For the year ended 30 June 2019
Odyssey Markides LLP
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and fittings
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 July 2018
165,985
134,222
31,516
247
21,622
20,785
837
-
Additions
At 30 June 2019
247
32,353
155,007
187,607
Provision for depreciation and impairment
At 01 July 2018
128,784
104,713
23,824
247
Charge for year
31,639
27,463
4,176
-
At 30 June 2019
160,423
132,176
28,000
247
At 30 June 2019
Net book value
-
4,353
22,831
27,184
At 30 June 2018
-
7,692
29,509
37,201
3. Trade and other receivables
2019
2018
£
£
Trade debtors
1,898,687
1,956,943
Prepayments & accrued income
137,603
142,695
Other debtors
(3,230)
1,615
2,033,060
2,101,253
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
192,573
221,622
Taxation and social security
356,686
321,032
Other creditors
126,543
126,634
675,802
669,288
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6
For the year ended 30 June 2019
Odyssey Markides LLP
Notes to the Financial Statements Continued
5. Average number of persons employed
During the year the average number of employees was 0
6. Related party transactions
As at 30 June 2018 Odyssey Markides LLP owed £7,864 to Odyssey Consulting Enginers Limited. 2017: £7,864).
Simon Blinkhorne and Brian Chamberlain are directors in this company and partners in Odyssey Markides LLP.
As at 30 June 2018 Odyssey Markides LLP was owed £728 from Odyssey Markides Group Limited. 2017: £728).
Simon Blinkhorne and Brian Chamberlain are directors in this company and partners in Odyssey Markides LLP.
As at 30 June 2018 Odyssey Markides LLP was owed £180 from Odyssey Consult Limited. 2017: £180). Simon
Blinkhorne and Brian Chamberlain are directors in this company and partners in Odyssey Markides LLP
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