Wilcox Family LLP - Accounts to registrar (filleted) - small 17.3

Wilcox Family LLP - Accounts to registrar (filleted) - small 17.3

WILCOX FAMILY LLP - Company Information

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REGISTERED NUMBER: OC376351 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

WILCOX FAMILY LLP
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WILCOX FAMILY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DESIGNATED MEMBERS: M A Wilcox DM FRCOG
Mrs S Wilcox





REGISTERED OFFICE: 10 Lonsdale Gardens
TUNBRIDGE WELLS
Kent
TN1 1NU





REGISTERED NUMBER: OC376351 (England and Wales)





ACCOUNTANTS: Wells Associates
10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU
Page 1
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 482,500 482,500

CURRENT ASSETS
Debtors 16,050 7,788
Cash at bank 3,039 3,111
19,089 10,899
CREDITORS
Amounts falling due within one year 4 9,699 33,700
NET CURRENT ASSETS/(LIABILITIES) 9,390 (22,801 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
491,890
459,699

CREDITORS
Amounts falling due after more than one
year
5
195,658
168,500
NET ASSETS ATTRIBUTABLE TO
MEMBERS
296,232
291,199

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
69,896
64,863

MEMBERS' OTHER INTERESTS
Capital accounts 226,336 226,336
296,232 291,199

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 69,896 64,863
Members' other interests 226,336 226,336
Amounts due from members (16,050 ) (7,788 )
280,182 283,411

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...
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)

STATEMENT OF FINANCIAL POSITION - 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 20 December 2017 and were signed by:





M A Wilcox DM FRCOG - Designated member

The notes form part of these financial statements

Page 3
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Wilcox Family 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016
and 31 March 2017 482,500
NET BOOK VALUE
At 31 March 2017 482,500
At 31 March 2016 482,500

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 8,800 32,800
Trade creditors (1 ) -
Other creditors 900 900
9,699 33,700

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans 195,658 168,500

6. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 204,458 201,300

Page 4 continued...
WILCOX FAMILY LLP (REGISTERED NUMBER: OC376351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other
interests rank pari passu with unsecured creditors.

Page 5