Roundhouse Financial Services LLP - Accounts to registrar - small 17.2

REGISTERED NUMBER: OC300205 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2015 TO 28 FEBRUARY 2017

FOR

ROUNDHOUSE FINANCIAL SERVICES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R Cresswell

L McKenna

REGISTERED OFFICE:

E3 The Premier Centre

Abbey Park

Romsey

Hampshire

SO51 9DG

REGISTERED NUMBER:

OC300205 (England and Wales)

ACCOUNTANTS:

TBW Accountancy Limited

E3 The Premier Centre

Abbey Park

Romsey

Hampshire

SO51 9DG

FIXED ASSETS

Tangible assets

4

11,921

12,590

Investments

5

-

557,868

11,921

570,458

CURRENT ASSETS

Debtors

6

330,964

36,157

Cash at bank and in hand

446

2,901

331,410

39,058

CREDITORS

Amounts falling due within one year

7

255,500

326,400

NET CURRENT ASSETS/(LIABILITIES)

75,910

(287,342

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

87,831

283,116

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

87,831

110,561

MEMBERS' OTHER INTERESTS

Capital accounts

-

172,555

87,831

283,116

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

87,831

110,561

Members' other interests

-

172,555

Amounts due from members

6

(19,606

)

-

68,225

283,116

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 period ended 28 February 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 22 June 2017 and were signed by:

R Cresswell - Designated member

1.	STATUTORY INFORMATION

Roundhouse Financial Services 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.

Fixtures and fittings

-

15% on reducing balance

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 11 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2015

68,941

Additions

3,453

At 28 February 2017

72,394

DEPRECIATION

At 1 September 2015

56,351

Charge for period

4,122

At 28 February 2017

60,473

NET BOOK VALUE

At 28 February 2017

11,921

At 31 August 2015

12,590

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2015

557,868

Reclassification/transfer

(557,868

)

At 28 February 2017

-

NET BOOK VALUE

At 28 February 2017

-

At 31 August 2015

557,868

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2015

£

£

Trade debtors

10,646

21,919

Amounts due from members

19,606

-

Other debtors

293,370

11,667

Prepayments

7,342

2,571

330,964

36,157

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2015

£

£

Bank loans and overdrafts

70,241

66,096

Trade creditors

796

7,491

Social security and other taxes

14,974

17,164

Other creditors

134,228

175,337

Accruals and deferred income

35,261

60,312

255,500

326,400

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are unsecured and rank equally with debts due to other unsecured

creditors in a winding up.