Emerge Boat Charter LLP - Accounts to registrar - small 17.2

REGISTERED NUMBER: OC377244 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

EMERGE BOAT CHARTER LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M H Fleming

Mrs T L Fleming

REGISTERED OFFICE:

Hedge House Hangersley Hill

Hangersley

Ringwood

BH24 3JW

REGISTERED NUMBER:

OC377244 (England and Wales)

ACCOUNTANTS:

Graham Latham Limited

Hedge House

Hangersley Hill

Ringwood

Hampshire

BH24 3JW

FIXED ASSETS

Tangible assets

3

1,019,621

1,089,024

CURRENT ASSETS

Debtors

4

36,066

133,281

Cash at bank

62,406

22,363

98,472

155,644

CREDITORS

Amounts falling due within one year

5

7,470

4,458

NET CURRENT ASSETS

91,002

151,186

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,110,623

1,240,210

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

1,110,623

1,240,210

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

1,110,623

1,240,210

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 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 21 November 2017 and were signed by:

M H Fleming - Designated member

1.	STATUTORY INFORMATION

Emerge Boat Charter 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.

Plant and machinery etc

-

5% on reducing balance

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

1,177,323

Additions

13,269

At 31 March 2017

1,190,592

DEPRECIATION

At 1 April 2016

88,299

Charge for year

82,672

At 31 March 2017

170,971

NET BOOK VALUE

At 31 March 2017

1,019,621

At 31 March 2016

1,089,024

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

21,600

27,600

Other debtors

14,466

105,681

36,066

133,281

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

438

860

Taxation and social security

6,972

-

Other creditors

60

3,598

7,470

4,458

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after all other creditors.