Westcore UK LLP - Accounts to registrar - small 17.2

Westcore UK LLP - Accounts to registrar - small 17.2

WESTCORE UK LLP - Company Information

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IRIS Accounts Production v17.2.1.52 OC358292 members 1.1.16 31.12.16 31.12.16 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3582922015-12-31OC3582922016-12-31OC3582922016-01-012016-12-31OC3582922014-12-31OC3582922015-01-012015-12-31OC3582922015-12-31OC358292ns15:EnglandWales2016-01-012016-12-31OC358292ns14:PoundSterling2016-01-012016-12-31OC358292ns10:Director12016-01-012016-12-31OC358292ns10:LimitedLiabilityPartnershipLLP2016-01-012016-12-31OC358292ns10:SmallEntities2016-01-012016-12-31OC358292ns10:AuditExemptWithAccountantsReport2016-01-012016-12-31OC358292ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-31OC358292ns10:LimitedLiabilityPartnershipsSORP2016-01-012016-12-31OC358292ns10:FullAccounts2016-01-012016-12-31OC35829212016-01-012016-12-31OC358292ns10:Director22016-01-012016-12-31OC358292ns10:RegisteredOffice2016-01-012016-12-31OC358292ns5:CurrentFinancialInstruments2016-12-31OC358292ns5:CurrentFinancialInstruments2015-12-31OC358292ns5:ComputerSoftware2016-01-012016-12-31OC358292ns5:PlantMachinery2016-01-012016-12-31OC358292ns5:IntangibleAssetsOtherThanGoodwill2015-12-31OC358292ns5:IntangibleAssetsOtherThanGoodwill2016-01-012016-12-31OC358292ns5:IntangibleAssetsOtherThanGoodwill2016-12-31OC358292ns5:IntangibleAssetsOtherThanGoodwill2015-12-31OC358292ns5:PlantMachinery2015-12-31OC358292ns5:PlantMachinery2016-12-31OC358292ns5:PlantMachinery2015-12-31OC358292ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-31OC358292ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-31
REGISTERED NUMBER: OC358292 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2016

for

WESTCORE UK LLP

WESTCORE UK LLP (REGISTERED NUMBER: OC358292)

Contents of the Financial Statements
for the year ended 31 December 2016










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

WESTCORE UK LLP

General Information
for the year ended 31 December 2016







Designated members: Eurocore LLC
Westcore Marylebone LLC





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: OC358292 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY
Page 1
WESTCORE UK LLP (REGISTERED NUMBER: OC358292)

Balance Sheet
31 December 2016

2016 2015
Notes £ £ £ £
Fixed assets
Intangible assets 4 7,238 10,149
Tangible assets 5 4,493 7,386
11,731 17,535

Current assets
Debtors 6 114,239 240,291
Cash at bank 29,190 4,071
143,429 244,362
Creditors
Amounts falling due within one year 7 104,972 209,059
Net current assets 38,457 35,303
Total assets less current liabilities
and
Net assets attributable to members 50,188 52,838

Loans and other debts due to members 8 25,688 28,338

Members' other interests
Capital accounts 24,500 24,500
50,188 52,838

Total members' interests
Loans and other debts due to members 8 25,688 28,338
Members' other interests 24,500 24,500
50,188 52,838

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 December 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 notes form part of these financial statements

Page 2
WESTCORE UK LLP (REGISTERED NUMBER: OC358292)

Balance Sheet - continued
31 December 2016


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 14 August 2017 and were signed by:





Eurocore LLC - Designated member

The notes form part of these financial statements

Page 3
WESTCORE UK LLP (REGISTERED NUMBER: OC358292)

Notes to the Financial Statements
for the year ended 31 December 2016


1. Statutory information

Westcore UK 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.

Turnover comprises revenue recognised by the LLP in respect of management services supplied during the
year, exclusive of Value Added Tax.

Intangible fixed assets
Intangible assets are valued at cost lest accumulated amortisation. Amortisation is calculated to write off cost
in equal annual instalments over their estimated useful lives. Software licences are amortised on a straight line
basis over five years.

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 - 33% on cost and 25% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating
result.

3. Employee information

The average number of employees during the year was 2 .

Page 4
WESTCORE UK LLP (REGISTERED NUMBER: OC358292)

Notes to the Financial Statements - continued
for the year ended 31 December 2016


4. Intangible fixed assets
Other
intangible
assets
£
Cost
At 1 January 2016
and 31 December 2016 14,554
Amortisation
At 1 January 2016 4,405
Charge for year 2,911
At 31 December 2016 7,316
Net book value
At 31 December 2016 7,238
At 31 December 2015 10,149

5. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 January 2016
and 31 December 2016 10,279
Depreciation
At 1 January 2016 2,893
Charge for year 2,893
At 31 December 2016 5,786
Net book value
At 31 December 2016 4,493
At 31 December 2015 7,386

6. Debtors: amounts falling due within one year
2016 2015
£ £
Trade debtors 51,899 185,600
Other debtors 62,340 54,691
114,239 240,291

Page 5
WESTCORE UK LLP (REGISTERED NUMBER: OC358292)

Notes to the Financial Statements - continued
for the year ended 31 December 2016


7. Creditors: amounts falling due within one year
2016 2015
£ £
Trade creditors 22,417 5,848
Taxation and social security 37,055 4,889
Other creditors 45,500 198,322
104,972 209,059

8. Loans and other debts due to members

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

9. Related party disclosures

The LLP is related to Westcore Europe LLC, a company incorporated in the USA, by virtue of common
control. During the year the LLP charged a management fee of 247,100 (2015 - £28,148) to Westcore Europe
LLC for management services provided and this is included in turnover.

At the balance sheet date £nil (2015 - £30,852) was owed to Westcore Europe LLC.

10. Ultimate controlling party

The members consider Marc Brutten to be the ultimate controlling party.

11. First year adoption

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention
and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at
1st January 2016.

Reconciliation of equity
No transitional adjustments were required.

Reconciliation of profit or loss for the year
No transitional adjustments were required.


Page 6
Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Westcore UK 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 2008, we have prepared for your
approval the financial statements of Westcore UK LLP for the year ended 31 December 2016 which comprise the
Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Westcore UK 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 Westcore UK LLP and state those matters that we have agreed to state to the members of Westcore UK LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westcore UK LLP members, as a body, for our work or for this report.

It is your duty to ensure that Westcore UK 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 profit of Westcore UK LLP. You consider that Westcore UK LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Westcore UK 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.






Haines Watts
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY


21 August 2017

This page does not form part of the statutory financial statements

Page 7