Copper Brown LLP - LLP accounts 16.3

REGISTERED NUMBER: OC374217 (England and Wales)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

COPPER BROWN LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Ms P A Kelly

L N Cutler

REGISTERED OFFICE:

911 Green Lanes

London

N21 2QP

REGISTERED NUMBER:

OC374217 (England and Wales)

ACCOUNTANTS:

Graeme Bruce & Partners

Chartered Accountants

911 Green Lanes

London

N21 2QP

The members present their report with the financial statements of the LLP for the year ended 30 April 2016.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of music studio.

DESIGNATED MEMBERS

The designated members during the year under review were:

Ms P A Kelly

L N Cutler

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £57,714 (2015 - £21,172 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Ms P A Kelly - Designated member

20 January 2017

TURNOVER

-

Administrative expenses

57,714

21,172

OPERATING LOSS and

LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

(57,714

)

(21,172

)

FIXED ASSETS

Tangible assets

4

95,991

7,614

CURRENT ASSETS

Debtors

5

40,203

-

Cash at bank

43,575

5,913

83,778

5,913

CREDITORS

Amounts falling due within one year

6

1,000

1,440

NET CURRENT ASSETS

82,778

4,473

TOTAL ASSETS LESS CURRENT
LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

178,769

12,087

LOANS AND OTHER DEBTS DUE TO
MEMBERS

178,769

12,087

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

178,769

12,087

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 April 2016.

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 in accordance with the provisions of Part 15 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 small LLPs.

The financial statements were approved by the members of the LLP on 20 January 2017 and were signed by:

Ms P A Kelly - Designated member

1.	STATUTORY INFORMATION

Copper Brown 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3.	OPERATING LOSS

The operating loss is stated after charging:

30.4.16

30.4.15

£

Depreciation - owned assets

23,999

1,903

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2015

13,286

Additions

112,376

At 30 April 2016

125,662

DEPRECIATION

At 1 May 2015

5,672

Charge for year

23,999

At 30 April 2016

29,671

NET BOOK VALUE

At 30 April 2016

95,991

At 30 April 2015

7,614

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

Other debtors

40,203

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

Other creditors

1,000

1,440