Anchorage Bioenergy LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC340783 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ANCHORAGE BIOENERGY LLP

Page

General Information

1

Statement of Comprehensive Income

2

Balance Sheet

3

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr D J Bryant

Mrs A Bryant

REGISTERED OFFICE:

4A Kingfisher Court

Brambleside

Bellbrook Business Park

Uckfield

East Sussex

TN22 1QQ

REGISTERED NUMBER:

OC340783 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Uckfield) LLP

4A Kingfisher Court

Brambleside

Bellbrook Business Park

Uckfield

East Sussex

TN22 1QQ

TURNOVER

-

-

Administrative expenses

256

344

(256

)

(344

)

Other operating income

-

17,700

OPERATING (LOSS)/PROFIT

(256

)

17,356

Interest receivable and similar income

-

6

(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(256

)

17,362

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(256

)

17,362

CURRENT ASSETS

Debtors

23,497

23,369

Cash at bank

59

435

23,556

23,804

CREDITORS

Amounts falling due within one year

3

13,466

13,586

NET CURRENT ASSETS

10,090

10,218

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

10,090

10,218

LOANS AND OTHER DEBTS DUE TO MEMBERS

4

10,090

10,218

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

4

10,090

10,218

Amounts due from members

(23,497

)

(23,369

)

(13,407

)

(13,151

)

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.

The financial statements were approved by the members of the LLP on 20 December 2017 and were signed by:

Mr D J Bryant - Designated member

1.	STATUTORY INFORMATION

Anchorage Bioenergy LLP is registered in England and Wales. The LLP's registered number and registered

office address can be found on the General Information page.

The presentation currency of the financial statements is Sterling (£), rounded to the nearest whole Pound.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The preparation of financial statements in conformity with FRS 102 section 1A requires the use of certain critical

accounting estimates. It also requires management to exercise judgement in applying the company's accounting

policies.

Information on the impact of first-time adoption of FRS 102 section 1A is given in note 5. The following

principal accounting policies have been applied.

FINANCIAL INSTRUMENT

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there

is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or

to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction

price including transaction costs and are subsequently carried at amortised cost using the effective interest

method unless the arrangement constitutes a financing transaction, where the transaction is measured at the

present value of the future receipts discounted at a market rate of interest. Financial assets classified as

receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies are initially

recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt

instrument is measured at the present value of the future payment ts discounted at a market rate of interest.

Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or

less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction

price and subsequently measured at amortised cost using the effective interest method.

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

VAT

12,086

12,086

Accrued expenses

1,380

1,500

13,466

13,586

4.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2017

2016

£

£

Amounts owed to members in respect of profits

10,090

10,218

Falling due within one year

10,090

10,218

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding

up.

5.	FIRST YEAR ADOPTION

This was the first year that the company has presented its results under FRS 102 section 1A. The last financial

statements under FRSSE 2015 were for the year ended 31 March 2016. The date of transition to FRS 102 section

1A was 01 April 2015.

There is no impact on either the Profit and Loss account or the net assets of the company upon the transition to

FRS 102 section 1A.