Charon Partners Two LLP - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: OC386815 (England and Wales)

CHARON PARTNERS TWO LLP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ms M A Hird

A J Walls

REGISTERED OFFICE:

Century Offices

2175 Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

REGISTERED NUMBER:

OC386815 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Tangible assets

3

2,317

-

Investments

4

-

25

2,317

25

CURRENT ASSETS

Debtors

5

440,000

-

Cash at bank

50,100

-

490,100

-

CREDITORS

Amounts falling due within one year

6

17,325

-

NET CURRENT ASSETS

472,775

-

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

475,092

25

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

475,092

25

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

475,092

25

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 July 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 24 April 2018 and were signed by:

Ms M A Hird - Designated member

A J Walls - Designated member

1.	STATUTORY INFORMATION

Charon Partners Two 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

-

25% on cost

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

3,089

At 31 July 2017

3,089

DEPRECIATION

Charge for year

772

At 31 July 2017

772

NET BOOK VALUE

At 31 July 2017

2,317

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2016

25

Disposals

(25

)

At 31 July 2017

-

NET BOOK VALUE

At 31 July 2017

-

At 31 July 2016

25

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Other debtors

440,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

8,794

-

Other creditors

8,531

-

17,325

-

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

winding up.