SMD ASIA LLP - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: OC346082 (England and Wales)

SMD ASIA LLP

Financial Statements

for the Year Ended 31 July 2017

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

3

195,000

195,000

CURRENT ASSETS

Debtors

84,410

83,371

Cash at bank

5,959

2,587

90,369

85,958

CREDITORS

Amounts falling due within one year

4

285,369

280,958

NET CURRENT LIABILITIES

(195,000

)

(195,000

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

(84,410

)

(83,371

)

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 26 April 2018 and were signed by:

Mr J T Firth - Designated member

1.	STATUTORY INFORMATION

SMD ASIA LLP is registered in England and Wales. The LLP's registered number and registered office address

are as below:

Registered number:

OC346082

Registered office:

c/o Firth Steels Ltd

Calder Bank

River Street

Brighouse

West Yorkshire

HD6 1LU

The presentation currency of the financial statements is the Pound Sterling (£).

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.

These financial statements for the year ended 31 July 2017 are the first financial statements that comply with

FRS 102 section 1A. The transition date is 1 August 2015.

The designated members have also considered whether in applying the accounting policies required by FRS 102

the restatement of comparative items was required. No restatements were required.

Investments

Investments are stated at cost less provision for permanent diminution in value. Cost is purchase price including

acquisition expenses.

3.	FIXED ASSET INVESTMENTS

Interest

in

associated

undertakings

£

COST

At 1 August 2016

and 31 July 2017

195,000

NET BOOK VALUE

At 31 July 2017

195,000

At 31 July 2016

195,000

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

96

-

Amounts owed to related parties

284,315

280,000

Accruals and deferred income

958

958

285,369

280,958

5.	RELATED PARTY DISCLOSURES