Odyssey Markides LLP,Ltd - AccountsLLP- Accounts

Odyssey Markides LLP,Ltd - AccountsLLP- Accounts

ODYSSEY CONSULT LLP - Company Information

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2016-07-01 OC385254 2017-06-30 OC385254 2016-07-01 2017-06-30 OC385254 2016-06-30 OC385254 2015-07-01 2016-06-30 OC385254 uk-core:WithinOneYear 2016-06-30 OC385254 uk-core:WithinOneYear 2017-06-30 OC385254 uk-bus:PartnerLLP1 2016-07-01 2017-06-30 OC385254 uk-bus:PartnerLLP2 2016-07-01 2017-06-30 OC385254 uk-core:PlantMachinery 2016-07-01 2017-06-30 OC385254 uk-core:ComputerEquipment 2016-07-01 2017-06-30 OC385254 uk-core:FurnitureFittings 2016-07-01 2017-06-30 OC385254 uk-core:ComputerEquipment 2016-06-30 OC385254 uk-core:FurnitureFittings 2016-06-30 OC385254 uk-core:PlantMachinery 2016-06-30 OC385254 uk-core:PlantMachinery 2017-06-30 OC385254 uk-core:FurnitureFittings 2017-06-30 OC385254 uk-core:ComputerEquipment 2017-06-30 iso4217:GBP OC385254 uk-bus:AuditExemptWithAccountantsReport 2016-07-01 2017-06-30 OC385254 uk-bus:FRS102 2016-07-01 2017-06-30 OC385254 uk-bus:FullAccounts 2016-07-01 2017-06-30 OC385254 uk-bus:LimitedLiabilityPartnershipLLP 2016-07-01 2017-06-30
Odyssey Markides LLP
Registered Number:OC385254
For the year ended 30 June 2017
England and Wales
Report of the Members and Unaudited Financial Statements
2
For the year ended 30 June 2017
Odyssey Markides LLP
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 30 June 2017
Odyssey Markides LLP
Statement of Financial Position
Registered Number :
OC385254
2016
£
£
2017
Notes
Fixed assets
Property, plant and equipment
44,677
44,983
2
44,677
44,983
Current assets
Trade and other receivables
1,715,529
1,682,311
3
492,562
363,211
Cash and cash equivalents
2,174,873
2,078,740
Trade and other payables: amounts falling due within one
year
(416,195)
(399,405)
4
1,662,545
1,775,468
Net current assets
Total assets less current liabilities
1,820,145
1,707,528
1,820,145
Net assets attributable to members
1,707,528
Members' other interests
Members' capital
544,466
1,707,528
Other reserves
1,275,679
-
1,820,145
1,707,528
1,820,145
1,707,528
Total members' interests
Members' other interests
1,820,145
1,707,528
1,820,145
1,707,528
For the year ended 30 June 2017 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
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 affair of the LLP as at the end of each
financial year and of its profit or loss for each 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
Liabilities Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to the
financial statements, so far as applicable to the LLP
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
These financial statements have been prepared 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 and with Section 1A of Financial Reporting Standard 102 (effective 1 January 2015).
1 of 5
4
For the year ended 30 June 2017
Odyssey Markides LLP
Statement of Financial Position Continued
Mr Brian Austin ChamberlainDesignated Member Director
Mr Simon BlinkhorneDesignated Member Director
These financial statements were approved by the members on 29 March 2018 and signed on their behalf by:
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5
For the year ended 30 June 2017
Odyssey Markides LLP
Notes to the Financial Statements
1. Accounting policies
Statutory Information
Odyssey Markides LLP is a limited liability partnership, domiciled in England and Wales, registration number
OC385254.
Registered address:
Odyssey House
Unit 3 Winchester Hill Busines
Romsey. Southampton
Hampshire
SO51 7UT
The presentation currency is £ sterling.
Basis of preparation
The report and financial statements for the year ended 30 June 2017 have been prepared under the historical cost
convention and in accordance with the Section 1A of Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland' and the Statement of Recommended Practice "Accounting by
Limited Liability Partnerships".
Turnover
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
Pensions
The LLP pays contributions to qualifying individual pension schemes which are administered independently from the LLP. These are charged to the profit and loss as they become payable.
Depreciation of tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
33% Straight line
Computer equipment
25% Straight line
Fixtures and fittings
Leasing and hire purchase commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 30 June 2017
Odyssey Markides LLP
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 July 2016
100,815
73,373
27,195
247
36,461
34,655
1,806
-
Additions
At 30 June 2017
247
29,001
108,028
137,276
Provision for depreciation and impairment
At 01 July 2016
55,832
44,939
10,769
124
Charge for year
36,767
30,062
6,643
62
At 30 June 2017
92,599
75,001
17,412
186
At 30 June 2017
Net book value
61
11,589
33,027
44,677
At 30 June 2016
123
16,426
28,434
44,983
3. Trade and other receivables
2017
2016
£
£
Trade debtors
1,540,990
1,641,963
Prepayments & accrued income
131,845
63,720
Other debtors
9,476
9,846
1,682,311
1,715,529
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
123,389
86,761
Taxation and social security
215,134
321,308
Other creditors
60,882
8,126
399,405
416,195
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7
For the year ended 30 June 2017
Odyssey Markides LLP
Notes to the Financial Statements Continued
5 of 5