Heale's Clinics LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC300485 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Heale's Clinics LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

Chartered Accountants' Report

7

DESIGNATED MEMBERS:

E J Heale

P Heale

REGISTERED OFFICE:

146 Sundon Park Road

Luton

Bedfordshire

LU3 3AH

REGISTERED NUMBER:

OC300485 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Milton House

Gatehouse Road

Aylesbury

Buckinghamshire

HP19 8EA

FIXED ASSETS

Tangible assets

4

38,047

33,315

CURRENT ASSETS

Debtors

27,720

27,748

Cash at bank and in hand

13,652

14,840

41,372

42,588

CREDITORS

Amounts falling due within one year

5

10,240

7,000

NET CURRENT ASSETS

31,132

35,588

TOTAL ASSETS LESS CURRENT LIABILITIES

69,179

68,903

CREDITORS

Amounts falling due after more than one year

6

22,650

17,500

NET ASSETS ATTRIBUTABLE TO MEMBERS

46,529

51,403

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

31,205

20,829

MEMBERS' OTHER INTERESTS

Capital accounts

15,324

30,574

46,529

51,403

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

31,205

20,829

Members' other interests

15,324

30,574

Amounts due from members

(27,720

)

(27,748

)

18,809

23,655

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 March 2020.

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 24 August 2020 and were signed by:

E J Heale - Designated member

1.	STATUTORY INFORMATION

Heale's Clinics 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.

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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 13 (2019 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2019

9,141

116,716

125,857

Additions

-

20,151

20,151

At 31 March 2020

9,141

136,867

146,008

DEPRECIATION

At 1 April 2019

9,141

83,401

92,542

Charge for year

-

15,419

15,419

At 31 March 2020

9,141

98,820

107,961

NET BOOK VALUE

At 31 March 2020

-

38,047

38,047

At 31 March 2019

-

33,315

33,315

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

7,000

7,000

Hire purchase contracts

3,240

-

10,240

7,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans

10,500

17,500

Hire purchase contracts

12,150

-

22,650

17,500

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Unsecured debt due to members ranks equally with debts due to other unsecured creditors in a

winding up.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual

unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited

Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have

prepared for your approval the financial statements of Heale's Clinics LLP for the year ended 31 March 2020

which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Heale's Clinics LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heale's Clinics LLP and state those matters that we have agreed to state to the members of Heale's Clinics LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heale's Clinics LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Heale's Clinics LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Heale's Clinics LLP. You consider that Heale's Clinics LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Heale's Clinics LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

Milton House

Gatehouse Road

Aylesbury

Buckinghamshire

HP19 8EA

24 August 2020