ROI Projects LLP - Accounts to registrar (filleted) - small 18.2

ROI Projects LLP - Accounts to registrar (filleted) - small 18.2

ROI PROJECTS LLP - Company Information

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REGISTERED NUMBER: OC329834 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

ROI PROJECTS LLP
ROI PROJECTS LLP (REGISTERED NUMBER: OC329834)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ROI PROJECTS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DESIGNATED MEMBERS: Mr D Rivers
Mrs A J Rivers
Mr C J H Rivers





REGISTERED OFFICE: Chequers Barn
Chequers Hill
Bough Beech
Edenbridge
Kent
TN8 7PD





REGISTERED NUMBER: OC329834 (England and Wales)





ACCOUNTANTS: Wells Associates
10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU
Page 1
ROI PROJECTS LLP (REGISTERED NUMBER: OC329834)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,472 19,424

CURRENT ASSETS
Stocks 80,000 30,000
Debtors 5 28,678 48,452
108,678 78,452
CREDITORS
Amounts falling due within one year 6 76,949 93,375
NET CURRENT ASSETS/(LIABILITIES) 31,729 (14,923 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
49,201
4,501

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
49,201
4,501

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 49,201 4,501
Amounts due from members 5 (21,767 ) (41,076 )
27,434 (36,575 )

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 3 February 2021 and were signed by:





Mr D Rivers - Designated member

The notes form part of these financial statements

Page 2
ROI PROJECTS LLP (REGISTERED NUMBER: OC329834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

ROI Projects 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 5 (2019 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2019 585 17,883 5,000 15,544 39,012
Additions - 2,029 - - 2,029
At 31 March 2020 585 19,912 5,000 15,544 41,041
DEPRECIATION
At 1 April 2019 446 2,682 5,000 11,460 19,588
Charge for year 35 2,585 - 1,361 3,981
At 31 March 2020 481 5,267 5,000 12,821 23,569
NET BOOK VALUE
At 31 March 2020 104 14,645 - 2,723 17,472
At 31 March 2019 139 15,201 - 4,084 19,424

Page 3 continued...
ROI PROJECTS LLP (REGISTERED NUMBER: OC329834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 28,678 48,452

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 24,959 28,283
Trade creditors 5,983 8,294
Taxation and social security (5,092 ) 8,419
Other creditors 51,099 48,379
76,949 93,375

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.

8. RELATED PARTY DISCLOSURES

During the period under review the LLP was controlled by its designated members.

As at 31 March 2020, the LLP was owed £nil (2019 - £nil) by Step Three Construction Limited, a company directed by Mr C Rivers.

As at 31 March 2020, the LLP owed £41,382 (2019 - £41,382) to Amber Creative Ltd, a company directed by Mr C Rivers.

As at 31 March 2020, the LLP owed £243 (2019 - £243) to Amber Creative (GFL) Limited, a company directed by Mr C Rivers.

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