Parker Lloyd Audit LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC389464 (England and Wales)

Financial Statements

for the Year Ended 30 November 2020

for

Parker Lloyd Audit LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Designated members:

A Sharma

GKP Partnership Limited

Registered office:

110 Viglen House

Alperton Lane

Wembley

HA0 1HD

Registered number:

OC389464 (England and Wales)

Accountants:

GKP Partnership

110 Viglen House

Alperton Lane

Alperton

Wembley

Middlesex

HA0 1HD

Current assets

Debtors

4

27,240

76,000

Cash at bank

90,760

7,200

118,000

83,200

Creditors

Amounts falling due within one year

5

(14,773

)

(11,673

)

Net current assets

103,227

71,527

Total assets less current liabilities

103,227

71,527

Creditors

Amounts falling due after more than one year

6

(30,000

)

(30,000

)

Net assets attributable to members

73,227

41,527

Loans and other debts due to members

73,227

41,527

Total members' interests

Loans and other debts due to members

73,227

41,527

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 November 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 26 August 2021 and were signed by:

A Sharma - Designated member

1.	Statutory information

Parker Lloyd Audit 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.

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 NIL (2019 - NIL).

4.

Debtors: amounts falling due within one year

30.11.20

30.11.19

£

£

Trade debtors

27,240

76,000

5.

Creditors: amounts falling due within one year

30.11.20

30.11.19

£

£

Trade creditors

11,673

11,673

Taxation and social security

3,100

-

14,773

11,673

6.

Creditors: amounts falling due after more than one year

30.11.20

30.11.19

£

£

Bank loans

30,000

30,000