Stan Weston LLP,Ltd - AccountsLLP- Accounts

Stan Weston LLP,Ltd - AccountsLLP- Accounts

STAN WESTON LLP - Company Information

Print Friendly Version

2016-04-01 OC397746 2017-03-31 OC397746 2016-04-01 2017-03-31 OC397746 2016-03-31 OC397746 2015-04-01 2016-03-31 OC397746 uk-core:WithinOneYear 2016-03-31 OC397746 uk-core:WithinOneYear 2017-03-31 OC397746 uk-core:AfterOneYear 2016-03-31 OC397746 uk-core:AfterOneYear 2017-03-31 OC397746 uk-bus:PartnerLLP1 2016-04-01 2017-03-31 iso4217:GBP OC397746 uk-bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 OC397746 uk-bus:FRS102 2016-04-01 2017-03-31 OC397746 uk-bus:FullAccounts 2016-04-01 2017-03-31 OC397746 uk-bus:LimitedLiabilityPartnershipLLP 2016-04-01 2017-03-31
Stan Weston LLP
Registered Number:OC397746
For the year ended 31 March 2017
England and Wales
Report of the Members and Unaudited Financial Statements
2
For the year ended 31 March 2017
Stan Weston LLP
Contents Page
1 to 2
Statement of Financial Position
3
Notes to the Financial Statements
3
As at 31 March 2017
Stan Weston LLP
Statement of Financial Position
Registered Number :
OC397746
2016
£
£
2017
Notes
Fixed assets
Property, plant and equipment
1,100,755
1,260,755
3
1,100,755
1,260,755
Current assets
Trade and other receivables
1,999,131
1,999,131
4
103,487
56,659
Cash and cash equivalents
2,102,618
2,055,790
Trade and other payables: amounts falling due within one
year
(1,800,000)
(1,800,000)
5
255,790
302,618
Net current assets
Total assets less current liabilities
1,403,373
1,516,545
Trade and other payables: amounts falling due after more
than one year
(1,491,576)
(1,402,242)
6
1,131
Net assets attributable to members
24,969
Represented by:
Loans and other debts due to members
1,131
24,969
7
Total members' interests
Loans and other debts due to members
1,131
24,969
7
1,131
24,969
For the year ended 31 March 2017 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
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 affair of the LLP as at the end of each
financial year and of its profit or loss for each 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
Liabilities Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating the the
financial statements, so far as applicable to the LLP
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
These 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 and with Section 1A of Financial Reporting Standard 102 (effective 1 January 2015).
J BakewellDesignated Member Director
These financial statements were approved by the members on 05 May 2017 and signed on their behalf by:
1 of 3
4
For the year ended 31 March 2017
Stan Weston LLP
Notes to the Financial Statements
1. Accounting policies
Statutory Information
Stan Weston LLP is a limited liability partnership, domiciled in England and Wales, registration number OC397746.
Registered address:
Garden Flat
110 Skipton Road
Ilkley
West Yorkshire
LS299HE
The presentation currency is £ sterling.
Basis of preparation
The report and financial statements for the year ended 31 March 2017 have been prepared under the historical cost
convention and in accordance with the Section 1A of Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland' and the Statement of Recommended Practice "Accounting by
Limited Liability Partnerships".
Turnover
Turnover represents rents receivable.
2. Interest payable and similar charges
2017
2016
£
£
Interest payable on bank borrowing
33,838
62,417
3. Property, plant and equipment
Land and
buildings
£
Cost or
valuation
At 01 April 2016
1,400,839
At 31 March 2017
1,400,839
Provision for depreciation and impairment
At 01 April 2016
140,084
Charge for year
160,000
At 31 March 2017
300,084
At 31 March 2017
Net book value
1,100,755
At 31 March 2016
1,260,755
2 of 3
5
For the year ended 31 March 2017
Stan Weston LLP
Notes to the Financial Statements Continued
4. Trade and other receivables
2017
2016
£
£
The debtors above include the following amounts falling due after more than one year:
Other debtors more than one year
1,999,131
1,999,131
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Other creditors
1,800,000
1,800,000
6. Trade and other payables: amounts falling due after more than one year
2017
2016
£
£
The following liabilities disclosed under creditors falling due after one year are secured by the LLP:
1,402,242
1,491,576
Bank loans and overdrafts (secured)
7. Loans and other debts due to members
2016
2017
£
£
Amounts due to members in respect of profits
1,131
24,969
1,131
24,969
3 of 3