Elysium Homes LLP - Filleted accounts

Registered number

OC334346

Elysium Homes LLP

Unaudited Filleted Accounts

30 April 2017

Elysium Homes LLP
Registered number:		OC334346
Balance Sheet
as at 30 April 2017
Notes		2017		2016
£			£
Current assets
Debtors	2	680		1,336
Cash at bank and in hand		30		5
		710		1,341

Creditors: amounts falling due within one year	3	(165,098)		(156,018)

Net current liabilities		(164,388)		(154,677)

Total assets less current liabilities		(164,388)		(154,677)



Net liabilities attributable to members		(164,388)		(154,677)

Represented by:
Loans and other debts due to members	4	(164,388)		(154,677)


		(164,388)		(154,677)

Total members' interests
Loans and other debts due to members	4	(164,388)		(154,677)

		(164,388)		(154,677)

For the year ended 30 April 2017 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 30 January 2018 and signed on their behalf by:


Chartwell Limited
Designated member

Elysium Homes LLP
Notes to the Accounts
for the year ended 30 April 2017

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.


2	Debtors	2017		2016
£			£

	Other debtors	680		1,336


3	Creditors: amounts falling due within one year	2017		2016
£			£

	Trade creditors	-		10,937
	Other creditors	165,098		145,081
		165,098		156,018


4	Loans and other debts due to members	2017		2016
£			£

	Members capital classified as debt	(164,388)		(154,677)

	Amounts falling due within one year	(164,388)		(154,677)

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


5	Related party transactions

	Mr S Westwell controls Chartwell Limited, a designated partner of the LLP. Mr Westwell engaged in transactions for and on behalf of the LLP and has historically provided finance for the LLP. The loan from Mr Westwell at the year end totalled £92,236 (2016: £90,886) and is disclosed in Other Creditors. Mr S Westwell controls Churchill Property Group Ltd which has historically engaged in transactions on behalf of the LLP. As at the year end, there is an amount owed to the company of £680 (2016: £1,336) which is disclosed in Other Debtors. Elysium Properties (UK) Limited, designated member of the LLP, drew cash from the LLP totalling £nil (2016: £nil) and was allocated losses totalling £4,855 (2016: profit £4,344). At the year end, the company owed the LLP £35,496 (2016: £30,641) disclosed in Trade Creditors. Chartwell Limited, designated member of the LLP, drew cash from the LLP totalling £nil (2016: £6,000) and was allocated losses totalling £4,856 (2016: profit £4,344). At the year end, the LLP was owed £128,892 (2016: £124,036) by the company.


6	Controlling party

	There is no ultimate controlling party as no one member has a controlling interest.


7	Other information

	Elysium Homes LLP is a limited liability partnership incorporated in England. Its registered office is stated on page 1 of LLP information page.