The Butcher & Grill Battersea LLP - LLP accounts 16.3

REGISTERED NUMBER: OC342920 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

The Butcher & Grill Battersea LLP

Page

General Information

1

Report of the Members

2

Accountants' Report

3

Income Statement

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

9

DESIGNATED MEMBERS:

Mr D Ford

Mr S P Tindall

REGISTERED OFFICE:

3 The Courtyard

Timothy's Bridge Road

Stratford

Warwickshire

CV37 9NP

REGISTERED NUMBER:

OC342920 (England and Wales)

ACCOUNTANTS:

Grenfell James Associates Limited

13 The Courtyard

Timothys Bridge Road

Stratford Upon Avon

Warwickshire

CV37 9NP

The members present their report with the financial statements of the LLP for the year ended 31 March 2017.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of operating a restaurant and butchery.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr D Ford

Mr S P Tindall

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £114,174 (2016 - £85,424 loss).

MEMBERS' INTERESTS

Policies for members profit allocation, drawings, subscriptions and repayments to members capital are

governed by the partnership agreement.

ON BEHALF OF THE MEMBERS:

Mr D Ford - Designated member

24 November 2017

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 The Butcher & Grill Battersea LLP for the year ended

31 March 2017 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the members of The Butcher & Grill Battersea 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 The Butcher & Grill Battersea LLP and state those matters that we have agreed to state to the members of The Butcher & Grill Battersea LLP, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. 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 The Butcher & Grill Battersea 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 The Butcher & Grill Battersea LLP. You consider that The Butcher & Grill Battersea 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 The Butcher & Grill Battersea 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.

Grenfell James Associates Limited

13 The Courtyard

Timothys Bridge Road

Stratford Upon Avon

Warwickshire

CV37 9NP

Date: .............................................

TURNOVER

1,594,766

1,890,814

Cost of sales

1,282,947

1,438,557

GROSS PROFIT

311,819

452,257

Administrative expenses

423,824

535,253

OPERATING LOSS

4

(112,005

)

(82,996

)

Interest payable and similar expenses

2,169

2,428

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(114,174

)

(85,424

)

FIXED ASSETS

Tangible assets

5

171,568

151,205

CURRENT ASSETS

Stocks

25,434

31,136

Debtors

6

1,419,143

1,381,603

Cash at bank and in hand

2,799

1,830

1,447,376

1,414,569

CREDITORS

Amounts falling due within one year

7

139,444

278,274

NET CURRENT ASSETS

1,307,932

1,136,295

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,479,500

1,287,500

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

1,479,500

1,287,500

1,479,500

1,287,500

TOTAL MEMBERS' INTERESTS

Members' other interests

1,479,500

1,287,500

Amounts due from members

6

(1,321,941

)

(1,207,767

)

157,559

79,733

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 March 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 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.

The financial statements were approved by the members of the LLP on 24 November 2017 and were signed by:

Mr D Ford - Designated member

1.	STATUTORY INFORMATION

The Butcher & Grill Battersea 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 goods and 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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

33% on cost and 10% on cost

Stocks

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

obsolete and slow moving items.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 29 .

4.	OPERATING LOSS

The operating loss is stated after charging:

2017

2016

£

£

Depreciation - owned assets

16,541

54,570

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

88,760

189,978

278,738

Additions

-

36,904

36,904

At 31 March 2017

88,760

226,882

315,642

DEPRECIATION

At 1 April 2016

6,367

121,166

127,533

Charge for year

6,448

10,093

16,541

At 31 March 2017

12,815

131,259

144,074

NET BOOK VALUE

At 31 March 2017

75,945

95,623

171,568

At 31 March 2016

82,393

68,812

151,205

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

1,552

28,022

Other debtors

1,359,091

1,295,081

1,360,643

1,323,103

Amounts falling due after more than one year:

Other debtors

58,500

58,500

Aggregate amounts

1,419,143

1,381,603

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

18,385

12,145

Trade creditors

92,543

203,838

Taxation and social security

24,156

27,364

Other creditors

4,360

34,927

139,444

278,274

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

97,500

-

Between one and five years

390,000

-

In more than five years

585,000

-

1,072,500

-

9.	RELATED PARTY DISCLOSURES

During the year, the company was charged fees of £62,080 (2016: £62,204) from Ford Restaurants

Limited. These transaction were all carried out at arms length. As at the year end, the company owed

Ford Restaurants Limited nil (2016: £0). These companies are under common control by Mr D D Ford

as designated member and also director of Ford Restaurants Limited.

During the year, the company was charged fees of £9,270 (2016: £28,090) from Ford McDonald

Consultancy Limited. These transaction were all carried out at arms length. As at the year end, the

company owed Ford McDonald Consultancy Limited £0 (2016: £0). These companies are under

common control by Mr D D Ford as designated member and also director of Ford McDonald

Consultancy Limited.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S P Tindall.