Optivue LLP - Accounts to registrar (filleted) - small 17.3
Optivue LLP - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2017 |
FOR |
OPTIVUE LLP |
OPTIVUE LLP (REGISTERED NUMBER: OC328592) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2017 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Certified Accountants' Report | 5 |
OPTIVUE LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 5 APRIL 2017 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Market House |
21 Lenten Street |
Alton |
GU34 1HG |
OPTIVUE LLP (REGISTERED NUMBER: OC328592) |
BALANCE SHEET |
5 APRIL 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
222,710 |
214,754 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
222,710 |
214,754 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 222,710 | 214,754 |
Amounts due from members | (31,482 | ) | (51,696 | ) |
191,228 | 163,058 |
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. |
OPTIVUE LLP (REGISTERED NUMBER: OC328592) |
BALANCE SHEET - continued |
5 APRIL 2017 |
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 |
OPTIVUE LLP (REGISTERED NUMBER: OC328592) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2017 |
1. | STATUTORY INFORMATION |
Optivue 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 |
Patents and licences |
Optivue LLP's license agreement with a US LLC in respect of the development of and patenting of |
pharmaceutical technology was terminated during 2012. Although the technology had been patented, FDA |
clearance to sell related products had not yet been granted and the patent costs incurred by Optivue LLP have |
been capitalised with no amortisation charged. Optivue is engaged in finding a new commercialisation partner. |
Turnover |
The company will continue to carry forward a payment received from the licensee in 2008 until such time as |
FDA approval of the process is approved. This sum is shown within other creditors after one year. |
3. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 6 April 2016 |
and 5 April 2017 |
NET BOOK VALUE |
At 5 April 2017 |
At 5 April 2016 |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE MEMBERS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
OPTIVUE LLP |
The following reproduces the text of the report prepared for the members in respect of the LLP's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a |
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Members are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability |
Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your |
approval the financial statements of Optivue LLP for the year ended 5 April 2017 which comprise the Income Statement, |
Balance Sheet, and the related notes from the LLP's accounting records and from information and explanations you |
have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the members of Optivue LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Optivue LLP and state those matters that we have agreed to state to the members of Optivue LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Optivue LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Optivue LLP. You consider that Optivue LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Optivue LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Certified Accountants |
Market House |
21 Lenten Street |
Alton |
GU34 1HG |