Paul Hambilton Investment LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC353489 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Paul Hambilton Investment LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mr. P Hambilton

Paul Hambilton Marketing Limited

REGISTERED OFFICE:

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

REGISTERED NUMBER:

OC353489 (England and Wales)

ACCOUNTANTS:

A4G LLP

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

FIXED ASSETS

Tangible assets

5

644,700

644,700

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

644,700

644,700

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

644,700

644,700

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

644,700

644,700

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP on 18 December 2017 and were signed by:

Mr. P Hambilton - Designated member

1.	STATUTORY INFORMATION

Paul Hambilton Investment 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition

Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to

receive payment is established.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2016 - NIL).

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2016

and 31 March 2017

644,700

NET BOOK VALUE

At 31 March 2017

644,700

At 31 March 2016

644,700

Cost or valuation at 31 March 2017 is represented by:

Totals

£

Valuation in 2012

105,000

Valuation in 2014

75,000

Valuation in 2015

464,700

644,700

At 31/03/2015 the members of the business carried out a valuation of all the properties held under tangible fixed

assets. It was their opinion that the original cost price understates the market value of the properties and as such

they have been revalued accordingly.

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2017

2016

£

£

Amounts owed to members in respect of profits

644,700

644,700

Falling due within one year

644,700

644,700

7.	ULTIMATE CONTROLLING PARTY

The partnership was under the control of the member Mr P Hambilton, for the entire period.