SMH Finance LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC425865 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

FOR

SMH FINANCE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

FinHar Ltd

Sutton McGrath Hartley Ltd

REGISTERED OFFICE:

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

REGISTERED NUMBER:

OC425865 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Property, plant and equipment

4

493

678

CURRENT ASSETS

Debtors

5

13,686

4,361

Cash at bank

11,022

5,987

24,708

10,348

CREDITORS

Amounts falling due within one year

6

(4,214

)

(91

)

NET CURRENT ASSETS

20,494

10,257

TOTAL ASSETS LESS CURRENT LIABILITIES

20,987

10,935

CREDITORS

Amounts falling due after more than one year

7

(14,668

)

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

6,319

10,935

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

6,319

10,935

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

6,319

10,935

Amounts due from members

5

-

(825

)

6,319

10,110

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 August 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 1 February 2021 and were signed by:

Sutton McGrath Hartley Ltd - Designated member

FinHar Ltd - Designated member

1.	STATUTORY INFORMATION

SMH Finance 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

Revenue 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.

Plant and machinery etc

-

25% on cost

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2019 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 September 2019

and 31 August 2020

740

DEPRECIATION

At 1 September 2019

62

Charge for year

185

At 31 August 2020

247

NET BOOK VALUE

At 31 August 2020

493

At 31 August 2019

678

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

13,686

3,536

Other debtors

-

825

13,686

4,361

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

3,332

-

Trade creditors

132

1

Other creditors

750

90

4,214

91

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

14,668

-

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2020

2019

£

£

Loans from members

6,319

10,935

Falling due within one year

6,319

10,935

First.

9.	RELATED PARTY DISCLOSURES

SMH Residential Mortgages LLP is related to Sutton McGrath Hartley Ltd.

As of 31st August 2020 SMH Residential Mortgages LLP owed Sutton McGrath Hartley Ltd £6,053 (2019: £10,934.60).