Infinity Industries Llp - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC399015 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st March 2017

for

Infinity Industries Llp

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mr J J Higgs

Mr J J Pritchard

Mr A Robertshaw

Mr M Spearman

REGISTERED OFFICE:

Ground Floor

31 Kentish Town Road

London

NW1 8NL

REGISTERED NUMBER:

OC399015 (England and Wales)

ACCOUNTANTS:

C. C. Panayi & Co LLP

Ground Floor

31 Kentish Town Road

London

NW1 8NL

FIXED ASSETS

Tangible assets

3

8,696

7,609

CURRENT ASSETS

Debtors

4

17,492

93,224

Cash at bank and in hand

171,079

97,790

188,571

191,014

CREDITORS

Amounts falling due within one year

5

112,392

112,739

NET CURRENT ASSETS

76,179

78,275

TOTAL ASSETS LESS CURRENT LIABILITIES

84,875

85,884

CREDITORS

Amounts falling due after more than one year

6

25,000

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

59,875

85,884

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

59,875

85,884

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

59,875

85,884

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 31st 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 29th December 2017 and were signed by:

Mr J J Pritchard - Designated member

Mr A Robertshaw - Designated member

1.	STATUTORY INFORMATION

Infinity Industries 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

Tour & Appearance Income represents net invoiced tour income and appearances, excluding

value added tax.

Other Income represents income from recording, publishing and royalties less direct

expenses, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2016

10,151

Additions

4,232

Disposals

(323

)

At 31st March 2017

14,060

DEPRECIATION

At 1st April 2016

2,542

Charge for year

2,904

Eliminated on disposal

(82

)

At 31st March 2017

5,364

NET BOOK VALUE

At 31st March 2017

8,696

At 31st March 2016

7,609

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

83

41,634

Other debtors

17,409

51,590

17,492

93,224

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

7,007

20,763

Taxation and social security

5,895

5,222

Other creditors

99,490

86,754

112,392

112,739

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

25,000

-

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with debts due to unsecured creditors

in the event of a winding up.