Chamberlains UK LLP - Accounts to registrar - small 17.2

REGISTERED NUMBER: OC306936 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

CHAMBERLAINS UK LLP

Page

General Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R M Shah

Mrs M Shah

S Shah

REGISTERED OFFICE:

173 Cleveland Street

London

W1T 6QR

REGISTERED NUMBER:

OC306936 (England and Wales)

ACCOUNTANTS:

Chamberlains UK LLP

173 Cleveland Street

London

W1T 6QR

FIXED ASSETS

Tangible assets

4

4,070

8,512

Investments

5

2

2

4,072

8,514

CURRENT ASSETS

Debtors

1,030,996

1,006,423

Cash at bank and in hand

859,059

712,952

1,890,055

1,719,375

CREDITORS

Amounts falling due within one year

137,734

136,895

NET CURRENT ASSETS

1,752,321

1,582,480

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,756,393

1,590,994

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

1,756,363

1,590,954

MEMBERS' OTHER INTERESTS

Capital accounts

30

40

1,756,393

1,590,994

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

1,756,363

1,590,954

Members' other interests

30

40

1,756,393

1,590,994

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 31st 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31st March 2017 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 14th December 2017 and were signed by:

R M Shah - Designated member

1.	STATUTORY INFORMATION

Chamberlains UK 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.

In preparing the financial statements for the current year, the firm has adopted UITF 40 "Revenue recognition

and service contracts." Consequently, the financial statements have been prepared using revised accounting

policy for revenue recognition.

Related party exemption

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with

wholly owned subsidiaries within the group.

Turnover and revenue recognition

Turnover represents amounts invoiced, excluding VAT to clients. It also includes services provided to clients

which at the balance sheet date have not been billed but have been recognised as revenue. The unbilled revenue

is derived from fees which would be charged to clients less amounts recognised in previous years. Provision is

made for any losses as soon as they are foreseen.

Unbilled revenue is included in debtors as " Amounts recoverable on contracts."

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

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Consolidation

The limited liability partnership and its subsidiary comprise a small group and has therefore taken advantage of

the exemption provided by section 398 of the Companies Act 2006. as applied to limited liability partnerships by

regulation 3 of the limited liability Partnership Regulations 2001, not to prepare group accounts.

Leased assets

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged against profit on a straight line basis over the lease term.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2016

93,210

Additions

168

At 31st March 2017

93,378

DEPRECIATION

At 1st April 2016

84,698

Charge for year

4,610

At 31st March 2017

89,308

NET BOOK VALUE

At 31st March 2017

4,070

At 31st March 2016

8,512

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st April 2016

and 31st March 2017

2

NET BOOK VALUE

At 31st March 2017

2

At 31st March 2016

2

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2017

2016

£

£

Amounts owed to members in respect of profits

1,756,363

1,590,954

Falling due within one year

1,756,363

1,590,954