Edinburgh Plastic Surgeons LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC341979 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

EDINBURGH PLASTIC SURGEONS LLP

TRADING AS

REFINE PLASTIC SURGEONS

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Edinburgh Plastic Surgery Limited

Hampson Bahia Consulting Limited

Ken Stewart Ltd

M S Butterworth Limited

P Addison Medical Limited

Prestige Medical Consultancy Limited

REGISTERED OFFICE:

Sandison Easson & Co

Rex buildings

Alderley road

Wilmslow

Cheshire

SK9 1HY

REGISTERED NUMBER:

OC341979 (England and Wales)

FIXED ASSETS

Intangible assets

4

300

360

Tangible assets

5

1,048

1,397

1,348

1,757

CURRENT ASSETS

Debtors

6

133,255

122,382

Cash at bank

1,616

50,935

134,871

173,317

CREDITORS

Amounts falling due within one year

7

16,051

18,819

NET CURRENT ASSETS

118,820

154,498

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

120,168

156,255

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

120,166

156,253

MEMBERS' OTHER INTERESTS

Other reserves

2

2

120,168

156,255

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

120,166

156,253

Members' other interests

2

2

Amounts due from members

6

(21,648

)

(2,865

)

98,520

153,390

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 2021.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 26 June 2022 and were signed by:

M S Butterworth Limited - Designated member

1.	STATUTORY INFORMATION

Edinburgh Plastic Surgeons 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.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark are being amortised evenly over their estimated useful life of ten years.

Website is being amortised evenly over its estimated useful life of four years.

DEPRECIATION

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.

Plant and machinery etc

-

25% on reducing balance

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 (2020 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Trademark

Website

Totals

£

£

£

COST

At 1 April 2020

and 31 March 2021

600

47,520

48,120

AMORTISATION

At 1 April 2020

240

47,520

47,760

Amortisation for year

60

-

60

At 31 March 2021

300

47,520

47,820

NET BOOK VALUE

At 31 March 2021

300

-

300

At 31 March 2020

360

-

360

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2020

and 31 March 2021

2,569

9,659

12,228

DEPRECIATION

At 1 April 2020

1,725

9,106

10,831

Charge for year

211

138

349

At 31 March 2021

1,936

9,244

11,180

NET BOOK VALUE

At 31 March 2021

633

415

1,048

At 31 March 2020

844

553

1,397

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

111,048

118,431

Amounts due from members

21,648

2,865

Prepayments and accrued income

559

1,086

133,255

122,382

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Credit card

-

1,319

Accrued expenses

16,051

17,500

16,051

18,819

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of "Members' other interests".