BONNINGTON DAVIES MILTON LLP
BONNINGTON DAVIES MILTON LLP
Registered number: SO306529
Unaudited Financial Statements
For the Period
8 October 2018
to
31 October 2019
Crunchers Accountants
BONNINGTON DAVIES MILTON LLP
Unaudited Financial Statements
For the Period
8 October 2018
to
31 October 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3 |
BONNINGTON DAVIES MILTON LLP
Balance Sheet
As at
31 October 2019
Balance Sheet
Registered number:
SO306529
For the period ending 31 October 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 applicable to LLP's subject to the small LLPs regime.)
| 31 October 2019 | |||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS ATTRIBUTABLE TO MEMBERS |
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| REPRESENTED BY: | |||
| Equity | |||
| Members' other interests | |||
| Members' capital | 3,890 | ||
| Other reserves | 1 | ||
| 3,891 | |||
| 3,891 | |||
| TOTAL MEMBERS' INTEREST | |||
| Amounts due from members | (2,337) | ||
| Members' other interests | 3,891 | ||
| 1,554 | |||
Page 1
BONNINGTON DAVIES MILTON LLP
Balance Sheet (continued)
As at
31 October 2019
Member's responsibilities:
-
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. - The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
|
Designated Member
|
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|
The notes on page 3 form part of these financial statements.
Page 2
BONNINGTON DAVIES MILTON LLP
Notes to the Financial Statements
For the Period
8 October 2018
to
31 October 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in January 2017 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.
Average Number of Employees
Average number of employees, including members, during the year was as follows: NIL
3.
Debtors
| 31 October 2019 | |
|---|---|
| £ | |
| Due within one year | |
| Trade debtors |
|
| Other taxes and social security |
|
| Amounts due from members | 2,337 |
|
|
|
4.
Creditors: Amounts Falling Due Within One Year
| 31 October 2019 | |
|---|---|
| £ | |
| Trade creditors |
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|
|
|
5.
General Information
BONNINGTON DAVIES MILTON LLP is a limited liability partnership, incorporated in Scotland, registered number
SO306529
. The Registered Office is 133 Fountainbridge, Edinburgh, Midlothian, EH3 9BA.
Page 3