Convenus LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC308621 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

CONVENUS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DESIGNATED MEMBERS:

S P Richards

Mrs J E Richards

REGISTERED OFFICE:

Avebury House

6 St Peter Street

Winchester

Hampshire

SO23 8BN

REGISTERED NUMBER:

OC308621 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

FIXED ASSETS

Tangible assets

4

18,730

22,896

CURRENT ASSETS

Debtors

5

22,445

26,201

Cash at bank

3

3

22,448

26,204

CREDITORS

Amounts falling due within one year

6

40,120

48,316

NET CURRENT LIABILITIES

(17,672

)

(22,112

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,058

784

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,058

784

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,058

784

Amounts due from members

5

(14,141

)

(13,273

)

(13,083

)

(12,489

)

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 12 December 2017 and were signed by:

S P Richards - Designated member

1.	STATUTORY INFORMATION

Convenus 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 income derived from ordinary activities. The company operates under the Flat

Rate scheme for VAT purposes. Therefore, turnover is shown gross of the standard rate of VAT, less

the percentage adjustment required under the Flat Rate scheme.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Motor vehicles - 25% on reducing balance

Office equipment - 25% on reducing balance

Computer equipment - 25% on cost

Fixtures and fittings - 25% on reducing balance

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 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Motor

Computer

equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

964

7,115

21,300

4,302

33,681

Additions

479

-

-

-

479

Disposals

-

-

(1,800

)

-

(1,800

)

At 31 March 2017

1,443

7,115

19,500

4,302

32,360

DEPRECIATION

At 1 April 2016

765

314

5,699

4,007

10,785

Charge for year

149

61

3,758

107

4,075

Eliminated on disposal

-

-

(1,230

)

-

(1,230

)

At 31 March 2017

914

375

8,227

4,114

13,630

NET BOOK VALUE

At 31 March 2017

529

6,740

11,273

188

18,730

At 31 March 2016

199

6,801

15,601

295

22,896

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

5,252

3,959

Accrued income

2,427

8,500

Amounts due from members

14,141

13,273

Prepayments

625

469

22,445

26,201

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

21,463

21,126

Trade creditors

7,537

11,344

Social security and other taxes

334

324

VAT

1,295

1,986

Credit card

2,441

6,516

Accrued expenses

7,050

7,020

40,120

48,316

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2017

2016

£

£

Amounts owed to members in respect of profits

1,058

784

Falling due within one year

1,058

784

Loans and other debts due to members (other than members' capital classified as debt) rank pari

passu with other creditors.

8.	ULTIMATE CONTROLLING PARTY

Convenus LLP is controlled by S P Richards & Mrs J E Richards, both designated members of the

LLP.

9.	FIRST YEAR ADOPTION

Convenus LLP ("The LLP") prepares its first financial statements that comply with FRS 102 for the

year ended 31 March 2017. The LLP's date of transition to FRS 102 is 01 April 2015. For the LLP, the

policies under the LLP's previous accounting framework are not materially different to FRS 102 and

have not impacted on equity or profit or loss.

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 Convenus 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 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 Convenus 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 Convenus LLP and state those matters that we have agreed to state to the members of Convenus 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 Convenus LLP members, as a body, for our work or for this report.

It is your duty to ensure that Convenus 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 Convenus LLP. You consider that Convenus 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 Convenus 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.

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

13 December 2017