SJP Freeman Henchoz LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC404349 (England and Wales)

Unaudited Financial Statements

for the Period 16th February 2016 to 28th February 2017

for

SJP Freeman Henchoz LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M Freeman

Miss S Bailey

P Henchoz

SJP Freeman Properties Limited

REGISTERED OFFICE:

36 The Mall

Mall Clifton Village

Bristol

Avon

BS8 4DS

REGISTERED NUMBER:

OC404349 (England and Wales)

ACCOUNTANTS:

Haines Watts Kent LLP

Roper Yard

Roper Road

Canterbury

Kent

CT2 7EX

CURRENT ASSETS

Stocks

3

2,046,219

Debtors

4

108,350

Cash at bank

21,524

TOTAL ASSETS LESS CURRENT LIABILITIES

2,176,093

CREDITORS

Amounts falling due after more than one year

5

(1,152,497

)

ACCRUALS AND DEFERRED INCOME

(1,400

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,022,196

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,022,196

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,022,196

Amounts due from members

4

(97,371

)

924,825

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 28th 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 2nd November 2017 and were signed by:

M Freeman - Designated member

1.	STATUTORY INFORMATION

SJP Freeman Henchoz 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

3.

STOCKS

£

Stocks

2,046,219

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

108,350

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans (see note 6)

1,152,497

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,152,497

6.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,152,497

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

£

Loans from members

1,022,196

Falling due within one year

1,022,196

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members'

capital classified as debt) would rank equally and without preference in relation to other creditors who

are unsecured, except where existing fixed and floating charges, in respect of the loans of £473,759

are registered with Companies House.

There are no such protection afforded to creditors in such an event which is legally enforceable and

which cannot be revoked solely by a decision of the members.

There are no such restrictions existing on the ability of the members to reduce the amount of

'Members' other interests'.