Ritchie & Ritchie LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC328413 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2017

for

Ritchie & Ritchie LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Leco Properties Limited

I D Ritchie

Mrs D E Ritchie

REGISTERED OFFICE:

Leco House

Old Farm Road

Mancetter

Atherstone

Warwickshire

CV9 1QN

REGISTERED NUMBER:

OC328413 (England and Wales)

ACCOUNTANTS:

Haines Watts

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

FIXED ASSETS

Tangible assets

4

76,175

74,916

CURRENT ASSETS

Debtors

5

104,101

89,094

Cash at bank and in hand

101,315

128,054

205,416

217,148

CREDITORS

Amounts falling due within one year

6

45,247

45,525

NET CURRENT ASSETS

160,169

171,623

TOTAL ASSETS LESS CURRENT LIABILITIES

236,344

246,539

CREDITORS

Amounts falling due after more than one year

7

14,769

10,190

NET ASSETS ATTRIBUTABLE TO MEMBERS

221,575

236,349

LOANS AND OTHER DEBTS DUE TO MEMBERS

221,575

236,349

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

221,575

236,349

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 May 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 21 February 2018 and were signed by:

Mrs D E Ritchie - Designated member

1.	STATUTORY INFORMATION

Ritchie & Ritchie 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.

Plant and machinery etc

-

50% on cost and 25% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

Member's remuneration

Member's interests are analysed as appropriate between equity and debt. Amounts classified as debt are

presented as liabilities. Member's remuneration arising under arrangements for automatic division of profits is

shown as an expense.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 June 2016

22,197

131,291

153,488

Additions

2,253

53,256

55,509

Disposals

-

(94,441

)

(94,441

)

At 31 May 2017

24,450

90,106

114,556

DEPRECIATION

At 1 June 2016

15,383

63,189

78,572

Charge for year

6,876

14,965

21,841

Eliminated on disposal

-

(62,032

)

(62,032

)

At 31 May 2017

22,259

16,122

38,381

NET BOOK VALUE

At 31 May 2017

2,191

73,984

76,175

At 31 May 2016

6,814

68,102

74,916

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

102,379

87,372

Other debtors

1,722

1,722

104,101

89,094

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

18,671

18,483

Trade creditors

4,799

3,255

Taxation and social security

18,524

21,679

Other creditors

3,253

2,108

45,247

45,525

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

14,769

10,190

8.	ULTIMATE CONTROLLING PARTY

The LLP is under the effective control of Mr & Mrs I D Ritchie.