Parker Randall LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC301864 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

PARKER RANDALL LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr R A Ali

Mr M Robinson

REGISTERED OFFICE:

9 Bickels Yard

151-153 Bermondsey Street

London Bridge

London

SE1 3HA

REGISTERED NUMBER:

OC301864 (England and Wales)

ACCOUNTANTS:

Parker Randall LLP

Chartered Certified Accountants

9 Bickels Yard

151-153 Bermondsey Street

London

SE1 3HA

BANKERS:

Natwest

City of London

PO Box 12258

1 Princes Street

London

EC2R 8BP

FIXED ASSETS

Tangible assets

4

6,654

9,153

CURRENT ASSETS

Debtors

5

27,553

46,332

Cash at bank

10,868

3,935

38,421

50,267

CREDITORS

Amounts falling due within one year

6

38,625

59,420

NET CURRENT LIABILITIES

(204

)

(9,153

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

6,450

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

6,450

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

6,450

-

Amounts due from members

5

(26,215

)

(24,383

)

(19,765

)

(24,383

)

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 28 December 2017 and were signed by:

Mr M Robinson - Designated member

Mr R A Ali - Designated member

1.	STATUTORY INFORMATION

Parker Randall 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.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions

payable to the LLP's pension scheme are charged to profit or loss in the

period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

8,829

39,439

29,512

77,780

DEPRECIATION

At 1 April 2016

8,135

33,648

26,844

68,627

Charge for year

172

1,447

880

2,499

At 31 March 2017

8,307

35,095

27,724

71,126

NET BOOK VALUE

At 31 March 2017

522

4,344

1,788

6,654

At 31 March 2016

694

5,791

2,668

9,153

Property was transferred to the partners as at January 2013.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,238

21,849

Amounts due from members

26,215

24,383

Other debtors

100

100

27,553

46,332

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

22,633

25,196

Trade creditors

3,294

18,763

Social security and other taxes

(1,236

)

242

VAT

8,301

13,756

Client ledgers

5,633

1,463

38,625

59,420

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Creditors and ranked above loans due to members.