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

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

HAREPATH LLP - Company Information

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Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Harepath LLP
Harepath LLP (Registered number: OC315925)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harepath LLP

General Information
for the Year Ended 31 March 2020







DESIGNATED MEMBERS: C P Ackley
Mrs C Iskjaer Ackley
P J Whiteway
Mrs P H Whiteway





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: OC315925 (England and Wales)





ACCOUNTANTS: Williams & Co
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF
Page 1
Harepath LLP (Registered number: OC315925)

Balance Sheet
31 March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 397 959

CURRENT ASSETS
Debtors 5 59,292 60,192
Cash at bank 1,125 -
60,417 60,192
CREDITORS
Amounts falling due within one year 6 60,814 61,151
NET CURRENT LIABILITIES (397 ) (959 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS
-
-

LOANS AND OTHER DEBTS DUE TO
MEMBERS
-
-

TOTAL MEMBERS' INTERESTS
Amounts due from members 5 (46,692 ) (45,994 )

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 notes form part of these financial statements

Page 2 continued...
Harepath LLP (Registered number: OC315925)

Balance Sheet - continued
31 March 2020


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 2 November 2020 and were signed by:





C P Ackley - Designated member

The notes form part of these financial statements

Page 3
Harepath LLP (Registered number: OC315925)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Harepath 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 represents income derived from sales of new build residential property, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2019 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2019
and 31 March 2020 2,247
DEPRECIATION
At 1 April 2019 1,288
Charge for year 562
At 31 March 2020 1,850
NET BOOK VALUE
At 31 March 2020 397
At 31 March 2019 959

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts due from members 46,692 45,994
Other debtors 12,600 13,957
VAT - 241
59,292 60,192

Page 4 continued...
Harepath LLP (Registered number: OC315925)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts (see note 7) - 63
Trade creditors 17,654 35,312
Amounts owed to group undertakings 41,160 23,776
Accrued expenses 2,000 2,000
60,814 61,151

7. LOANS

An analysis of the maturity of loans is given below:

2020 2019
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 63

Page 5