G H Cornish LLP - Accounts to registrar - small 17.2

REGISTERED NUMBER: OC342654 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2016

for

G H Cornish LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ms S S Abedin

M J Shulman

REGISTERED OFFICE:

129 Finchley Road

London

NW3 6HY

REGISTERED NUMBER:

OC342654 (England and Wales)

ACCOUNTANTS:

J C Associates

Chartered Certified Accountants

27 Dawpool Road

London

NW2 7LD

FIXED ASSETS

Tangible assets

3

2,220

2,960

CURRENT ASSETS

Stocks

-

13,447

Debtors

4

459,105

128,345

Cash at bank and in hand

7,053

17,374

466,158

159,166

CREDITORS

Amounts falling due within one year

5

468,378

162,126

NET CURRENT LIABILITIES

(2,220

)

(2,960

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

4

(156,880

)

(106,280

)

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 30 September 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 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 25 August 2017 and were signed by:

M J Shulman - Designated member

1.	STATUTORY INFORMATION

G H Cornish 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

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

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.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2015

and 30 September 2016

13,960

DEPRECIATION

At 1 October 2015

11,000

Charge for year

740

At 30 September 2016

11,740

NET BOOK VALUE

At 30 September 2016

2,220

At 30 September 2015

2,960

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Trade debtors

70,679

2,415

Other debtors

388,426

125,930

459,105

128,345

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Bank loans and overdrafts

6,709

1,784

Trade creditors

89,427

22,839

Taxation and social security

22,671

21,956

Other creditors

349,571

115,547

468,378

162,126