Victoria House Caterham LLP - Accounts to registrar (filleted) - small 17.3

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Victoria House Caterham LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M L Redman

Mrs S L Redman

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

OC382654 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

3

513,318

517,757

CURRENT ASSETS

Debtors

4

4,332

3,314

Cash at bank

3,153

1,187

7,485

4,501

CREDITORS

Amounts falling due within one year

5

51,042

29,332

NET CURRENT LIABILITIES

(43,557

)

(24,831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

469,761

492,926

CREDITORS

Amounts falling due after more than one year

6

-

7,998

NET ASSETS ATTRIBUTABLE TO MEMBERS

469,761

484,928

LOANS AND OTHER DEBTS DUE TO MEMBERS

469,761

484,928

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

469,761

484,928

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 18 December 2017 and were signed by:

M L Redman - Designated member

- Designated member

1.	STATUTORY INFORMATION

Victoria House Caterham 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 rental income, excluding value added tax, recognised in the period to which it

relates.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

500,000

22,693

754

523,447

DEPRECIATION

At 1 April 2016

-

5,674

16

5,690

Charge for year

-

4,255

184

4,439

At 31 March 2017

-

9,929

200

10,129

NET BOOK VALUE

At 31 March 2017

500,000

12,764

554

513,318

At 31 March 2016

500,000

17,019

738

517,757

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments and accrued income

4,332

3,314

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

20,000

-

Accruals and deferred income

29,042

27,582

Accrued expenses

2,000

1,750

51,042

29,332

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

-

7,998

7.	ULTIMATE CONTROLLING PARTY

The LLP is wholly under the control of M L Redman and Mrs S L Redman.