Ansor Ventures LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC353712 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ANSOR VENTURES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

E Ainsworth

P N Marson

A Manzano

T Burnett Ainsworth

REGISTERED OFFICE:

The Kensington Centre

66 Hammersmith Road

London

W14 8UD

REGISTERED NUMBER:

OC353712 (England and Wales)

ACCOUNTANTS:

COLIN GRAY & CO LIMITED

Chartered Accountants

Hardy House

Northbridge Road

Berkhamsted

Hertfordshire

HP4 1EF

CURRENT ASSETS

Debtors

3

798,830

1,104,686

Cash at bank

112,696

23,244

911,526

1,127,930

CREDITORS

Amounts falling due within one year

4

911,126

885,520

NET CURRENT ASSETS

400

242,410

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

400

242,410

LOANS AND OTHER DEBTS DUE TO MEMBERS

400

242,410

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

400

242,410

Amounts due from members

3

(107,386

)

-

(106,986

)

242,410

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 20 December 2017 and were signed by:

P N Marson - Designated member

1.	STATUTORY INFORMATION

Ansor Ventures 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.

Members participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members'

agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the

LLP's perspective, either a financial liability or equity, in accordance with FRS 25 (IAS 32) Financial

Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and

similar instruments. A member's participation right results in a liability unless the right to any payment is

discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if

the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an

unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse

payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated

as an expense in the Profit and Loss Account in the relevant year. The extent that they remain unpaid at the year

end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has

an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an

expense. They are therefore shown as a residual amount available for discretionary division among members in

the Profit and Loss Account and are equity appropriations in the Balance Sheet.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

81,400

178,158

Other debtors

717,430

926,528

798,830

1,104,686

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

5,648

-

Taxation and social security

75,564

93,221

Other creditors

829,914

792,299

911,126

885,520