Michael Chester and Partners LLP - Accounts to registrar (filleted) - small 17.3

Michael Chester and Partners LLP - Accounts to registrar (filleted) - small 17.3

MICHAEL CHESTER AND PARTNERS LLP - Company Information

Print Friendly Version

PTP Accounts Production v17.3.0.1062 OC311887 members members 1.4.16 31.3.17 31.3.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3118872016-03-31OC3118872017-03-31OC3118872016-04-012017-03-31OC3118872015-03-31OC3118872015-04-012016-03-31OC3118872016-03-31OC311887ns15:EnglandWales2016-04-012017-03-31OC311887ns14:PoundSterling2016-04-012017-03-31OC311887ns10:Director12016-04-012017-03-31OC311887ns10:Director22016-04-012017-03-31OC311887ns10:LimitedLiabilityPartnershipLLP2016-04-012017-03-31OC311887ns10:SmallEntities2016-04-012017-03-31OC311887ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-31OC311887ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-31OC311887ns10:LimitedLiabilityPartnershipsSORP2016-04-012017-03-31OC311887ns10:FullAccounts2016-04-012017-03-31OC311887ns10:Director32016-04-012017-03-31OC311887ns10:RegisteredOffice2016-04-012017-03-31OC311887ns5:CurrentFinancialInstruments2017-03-31OC311887ns5:CurrentFinancialInstruments2016-03-31OC311887ns5:FurnitureFittings2016-04-012017-03-31OC311887ns5:ComputerEquipment2016-04-012017-03-31OC311887ns5:FurnitureFittings2016-03-31OC311887ns5:ComputerEquipment2016-03-31OC311887ns5:FurnitureFittings2017-03-31OC311887ns5:ComputerEquipment2017-03-31OC311887ns5:FurnitureFittings2016-03-31OC311887ns5:ComputerEquipment2016-03-31OC311887ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-31OC311887ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-31


REGISTERED NUMBER: OC311887 (England and Wales)















Financial Statements for the Year Ended 31 March 2017

for

Michael Chester and Partners LLP
Michael Chester and Partners LLP (Registered number: OC311887)






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


Michael Chester and Partners LLP

General Information
for the Year Ended 31 March 2017







DESIGNATED MEMBERS: M Chester
D Mercer
R Moore





REGISTERED OFFICE: 8 Hale Lane
Mill Hill
London
NW7 3NX





REGISTERED NUMBER: OC311887 (England and Wales)





ACCOUNTANTS: Duboff & Co
Kingsbury House
468 Church Lane
Kingsbury
London
NW9 8UA
Page 1
Michael Chester and Partners LLP (Registered number: OC311887)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,388 6,121

CURRENT ASSETS
Debtors 5 121,257 138,284
Cash at bank and in hand 41,380 49,354
162,637 187,638
CREDITORS
Amounts falling due within one year 6 71,628 80,558
NET CURRENT ASSETS 91,009 107,080
TOTAL ASSETS LESS CURRENT
LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
96,397
113,201


LOANS AND OTHER DEBTS DUE TO
MEMBERS
96,397
113,201

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 96,397 113,201

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...
Michael Chester and Partners LLP (Registered number: OC311887)

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 21 December 2017 and were signed by:





M Chester - Designated member

The notes form part of these financial statements

Page 3
Michael Chester and Partners LLP (Registered number: OC311887)

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

1. STATUTORY INFORMATION

Michael Chester and Partners 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 cost
Computer equipment - 25% on cost



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 2 .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2016 8,364 16,861 25,225
Additions - 1,063 1,063
At 31 March 2017 8,364 17,924 26,288
DEPRECIATION
At 1 April 2016 7,529 11,575 19,104
Charge for year 209 1,587 1,796
At 31 March 2017 7,738 13,162 20,900
NET BOOK VALUE
At 31 March 2017 626 4,762 5,388
At 31 March 2016 835 5,286 6,121

Page 4 continued...
Michael Chester and Partners LLP (Registered number: OC311887)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 89,166 105,327
Amount receivable on contracts 23,909 25,008
Prepayments and accrued income 8,182 7,949
121,257 138,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Social security and other taxes 2,292 2,217
VAT 33,332 39,519
Fees in advance 18,884 19,890
Pension control account 101 -
Partners' expenses 11,205 13,118
Accrued expenses 5,814 5,814
71,628 80,558

Page 5