Fairmort Associates LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC336913 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

FAIRMORT ASSOCIATES LLP

Page

General information

1

Balance sheet

2

Notes to the financial statements

4

DESIGNATED MEMBERS:

T Mortlock

S Fair

J Mortlock

REGISTERED OFFICE:

2nd Floor, Romy House

163-167 Kings Road

Brentwood

Essex

CM14 4EG

REGISTERED NUMBER:

OC336913 (England and Wales)

ACCOUNTANTS:

Plan-a Financials

2nd Floor, Romy House

163-167 Kings Road

Brentwood

Essex

CM14 4EG

FIXED ASSETS

Tangible assets

4

32,002

38,440

CURRENT ASSETS

Debtors

3,196

5,416

Cash at bank

684

1,513

3,880

6,929

CREDITORS

Amounts falling due within one year

5

10,990

21,053

NET CURRENT LIABILITIES

(7,110

)

(14,124

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,892

24,316

CREDITORS

Amounts falling due after more than one year

6

13,114

17,265

NET ASSETS ATTRIBUTABLE TO MEMBERS

11,778

7,051

LOANS AND OTHER DEBTS DUE TO MEMBERS

11,778

7,051

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11,778

7,051

Amounts due from members

(3,196

)

(5,416

)

8,582

1,635

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 Income statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 December 2021 and were signed by:

J Mortlock - Designated member

1.	STATUTORY INFORMATION

Fairmort Associates 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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

110,394

Additions

4,230

At 31 March 2021

114,624

DEPRECIATION

At 1 April 2020

71,954

Charge for year

10,668

At 31 March 2021

82,622

NET BOOK VALUE

At 31 March 2021

32,002

At 31 March 2020

38,440

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

1

2

Amounts owed to group undertakings

7,391

18,191

Taxation and social security

2,698

1,060

Other creditors

900

1,800

10,990

21,053

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Hire purchase contracts

13,114

17,265