Nelson Myatt Solicitors LLP - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: OC387685 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

NELSON MYATT SOLICITORS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr A R Nelson

Ms C Myatt

REGISTERED OFFICE:

Suite 10

Conwy Business Centre

Junction Way

Llandudno Junction

Conwy

LL31 9XX

REGISTERED NUMBER:

OC387685 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

13 Trinity Square

Llandudno

Conwy

LL30 2RB

FIXED ASSETS

Tangible assets

4

1,961

2,061

CURRENT ASSETS

Debtors

5

34,144

36,667

Cash at bank and in hand

5,835

4,131

39,979

40,798

CREDITORS

Amounts falling due within one year

6

24,605

15,023

NET CURRENT ASSETS

15,374

25,775

TOTAL ASSETS LESS CURRENT LIABILITIES

17,335

27,836

CREDITORS

Amounts falling due after more than one year

7

17,335

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

27,836

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

27,836

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

-

27,836

Amounts due from members

5

(5,407

)

-

(5,407

)

27,836

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 2017.

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 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.

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 on 20 June 2017 and were signed by:

Mr A R Nelson - Designated member

Ms C Myatt - Designated member

1.	STATUTORY INFORMATION

Nelson Myatt Solicitors 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.

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.

Plant and machinery etc

-

25% on cost and 15% on reducing balance

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 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

3,056

Additions

344

At 31 March 2017

3,400

DEPRECIATION

At 1 April 2016

995

Charge for year

444

At 31 March 2017

1,439

NET BOOK VALUE

At 31 March 2017

1,961

At 31 March 2016

2,061

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

16,135

5,666

Other debtors

18,009

31,001

34,144

36,667

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

11,705

6,548

Trade creditors

1,038

299

Taxation and social security

9,712

5,752

Other creditors

2,150

2,424

24,605

15,023

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

17,335

-