Foster Care Support LLP - Accounts to registrar - small 17.1

Foster Care Support LLP - Accounts to registrar - small 17.1

FOSTER CARE SUPPORT LLP - Company Information

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REGISTERED NUMBER: OC393767 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

Foster Care Support LLP

Foster Care Support LLP (Registered number: OC393767)

Contents of the Financial Statements
for the Year Ended 31 March 2017










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Foster Care Support LLP

General Information
for the Year Ended 31 March 2017







DESIGNATED MEMBERS: Bridges Social Entrepreneurs Fund Lp
Bridges Social Impact Bond Fund Lp





REGISTERED OFFICE: 38 Seymour Street
London
W1H 7BP





REGISTERED NUMBER: OC393767 (England and Wales)





ACCOUNTANTS: CB Associates Limited
Merlin House
Langstone Business Park
Newport
NP18 2HJ
Page 1
Foster Care Support LLP (Registered number: OC393767)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £   
CURRENT ASSETS
Debtors 3 182,860 156,737
Cash at bank 166,798 104,542
349,658 261,279
CREDITORS
Amounts falling due within one year 4 391,310 145,988
NET CURRENT (LIABILITIES)/ASSETS (41,652 ) 115,291
TOTAL ASSETS LESS CURRENT
LIABILITIES
and
NET (LIABILITIES)/ASSETS
ATTRIBUTABLE TO MEMBERS
(41,652
)
115,291

LOANS AND OTHER DEBTS DUE TO
MEMBERS
-
-

MEMBERS' OTHER INTERESTS
Capital accounts 650,001 650,001
Other reserves (691,653 ) (534,710 )
(41,652 ) 115,291

TOTAL MEMBERS' INTERESTS
Members' other interests (41,652 ) 115,291

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 notes form part of these financial statements

Page 2 continued...
Foster Care Support LLP (Registered number: OC393767)

Balance Sheet - continued
31 March 2017


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 19 December 2017 and
were signed by:





Bridges Social Impact Bond Fund Lp - Designated member

The notes form part of these financial statements

Page 3
Foster Care Support LLP (Registered number: OC393767)

Notes to the Financial Statements
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

Foster Care Support 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.

Going concern
The designated members consider that it is appropriate to prepare the financial statements
on the going concern basis, despite the partnership being in deficit at 31 March 2017, as
they will continue to support the project going forward.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other debtors 182,860 156,737

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other creditors 391,310 145,988

Page 4