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

REGISTERED NUMBER: OC334265 (England and Wales)

HEALIUM LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mr M S Holt

Mr P S Hill

Mr N Huntley

Mr M Whittaker

Mr S J Law

REGISTERED OFFICE:

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

REGISTERED NUMBER:

OC334265 (England and Wales)

ACCOUNTANTS:

Mark Holt & Co Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

FIXED ASSETS

Tangible assets

5

92,011

108,494

CURRENT ASSETS

Debtors

16,419

1,921

Cash at bank

846

282

17,265

2,203

CREDITORS

Amounts falling due within one year

30,724

35,329

NET CURRENT LIABILITIES

(13,459

)

(33,126

)

TOTAL ASSETS LESS CURRENT LIABILITIES

78,552

75,368

CREDITORS

Amounts falling due after more than one year

78,202

74,937

NET ASSETS ATTRIBUTABLE TO MEMBERS

350

431

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

350

431

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

350

431

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 30 April 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2020 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 27 January 2021 and were signed by:

Mr N Huntley - Designated member

1.	STATUTORY INFORMATION

Healium LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4.	EMPLOYEE INFORMATION

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

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2019

187,403

Additions

31,995

Disposals

(24,450

)

At 30 April 2020

194,948

DEPRECIATION

At 1 May 2019

78,909

Charge for year

41,028

Eliminated on disposal

(17,000

)

At 30 April 2020

102,937

NET BOOK VALUE

At 30 April 2020

92,011

At 30 April 2019

108,494

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2019

178,986

Additions

31,995

Disposals

(24,450

)

Transfer to ownership

(46,078

)

At 30 April 2020

140,453

DEPRECIATION

At 1 May 2019

151,844

Charge for year

33,365

Eliminated on disposal

(17,000

)

Transfer to ownership

(104,440

)

At 30 April 2020

63,769

NET BOOK VALUE

At 30 April 2020

76,684

At 30 April 2019

27,142

6.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Hire purchase contracts

98,925

104,318

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank below other creditors.