AKW Property LLP - Accounts to registrar - small 17.2

AKW Property LLP - Accounts to registrar - small 17.2

AKW PROPERTY LLP - Company Information

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REGISTERED NUMBER: OC342586 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

FOR

AKW PROPERTY LLP

AKW PROPERTY LLP (REGISTERED NUMBER: OC342586)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017










Page

General Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


AKW PROPERTY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2017







DESIGNATED MEMBERS: A H Kay
P B Kay





REGISTERED OFFICE: 75 Park Lane
Croydon
Surrey
CR9 1XS





REGISTERED NUMBER: OC342586 (England and Wales)





ACCOUNTANTS: Kings Mill Partnership
75 Park Lane
Croydon
Surrey
CR9 1XS
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AKW PROPERTY LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual
unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability
Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2015, we have prepared for your
approval the financial statements of AKW Property LLP for the year ended 31 January 2017 which comprise the Profit
and Loss Account, the Balance Sheet and the related notes from the LLP's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject
to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the members of AKW Property LLP, as a body, in accordance with our terms of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AKW
Property LLP and state those matters that we have agreed to state to the members of AKW Property LLP, as a body, in
this report in accordance with AAF2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we
do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this
report.

It is your duty to ensure that AKW Property LLP has kept adequate accounting records and to prepare statutory financial
statements that give a true and fair view of the assets, liabilities, financial position and loss of AKW Property LLP. You
consider that AKW Property LLP is exempt from the statutory audit requirements for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AKW Property LLP. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kings Mill Partnership
75 Park Lane
Croydon
Surrey
CR9 1XS


1 June 2017

This page does not form part of the statutory financial statements

Page 2
AKW PROPERTY LLP (REGISTERED NUMBER: OC342586)

BALANCE SHEET
31 JANUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 572 671

CURRENT ASSETS
Debtors 4 - 2,031
Cash at bank 1,559 4,894
1,559 6,925
CREDITORS
Amounts falling due within one year 5 1,018 3,039
NET CURRENT ASSETS 541 3,886
TOTAL ASSETS LESS CURRENT
LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
1,113
4,557

LOANS AND OTHER DEBTS DUE TO
MEMBERS
6
1,111
4,555

MEMBERS' OTHER INTERESTS
Capital accounts 2 2
1,113 4,557

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 1,111 4,555
Members' other interests 2 2
1,113 4,557

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 January 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 notes form part of these financial statements

Page 3 continued...
AKW PROPERTY LLP (REGISTERED NUMBER: OC342586)

BALANCE SHEET - continued
31 JANUARY 2017


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 1 June 2017 and were signed by:





A H Kay - Designated member

The notes form part of these financial statements

Page 4
AKW PROPERTY LLP (REGISTERED NUMBER: OC342586)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017


1. STATUTORY INFORMATION

AKW Property 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2016 1,922
Additions 92
At 31 January 2017 2,014
DEPRECIATION
At 1 February 2016 1,251
Charge for year 191
At 31 January 2017 1,442
NET BOOK VALUE
At 31 January 2017 572
At 31 January 2016 671

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors - 2,031

Page 5 continued...
AKW PROPERTY LLP (REGISTERED NUMBER: OC342586)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 218 1,439
Other creditors 800 1,600
1,018 3,039

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

Page 6