Watkins Ryder LLP
Watkins Ryder LLP
Registered number: OC358888
Unaudited Financial Statements
For The Year Ended 31 October 2017
Whitefield Tax Limited
Chartered Certified Accountants and Registered Auditor
Arnold House
2 New Road
Brading
Isle of Wight
PO36 0DT
Watkins Ryder LLP
Unaudited Financial Statements
For The Year Ended 31 October 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—4 |
Watkins Ryder LLP
Statement of Financial Position
For The Year Ended 31 October 2017
Statement of Financial Position
Registered number:
OC358888
For the year ending 31 October 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 applicable to LLP's subject to the small LLPs regime.)
| 2017 | 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS ATTRIBUTABLE TO MEMBERS |
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| REPRESENTED BY: | |||||
| Loans and other debts due to members within one year | 26,677 | 27,936 | |||
| Equity | |||||
| Members' other interests | |||||
| Other reserves | 1 | - | |||
| 1 | - | ||||
| 26,678 | 27,936 | ||||
| TOTAL MEMBERS' INTEREST | |||||
| Loans and other debts due to members within one year | 26,677 | 27,936 | |||
| Members' other interests | 1 | - | |||
| 26,679 | 27,936 | ||||
Page 1
Watkins Ryder LLP
Statement of Financial Position (continued)
For The Year Ended 31 October 2017
Member's responsibilities:
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The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. - The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Income Statement.
On behalf of the members
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Watkins Ryder LLP
Notes to the Financial Statements
For The Year Ended 31 October 2017
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in January 2017 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Fixtures & Fittings |
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2.
Average Number of Employees
Average number of employees, including members, during the year was as follows:
| 2017 | 2016 | ||
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| Office and administration |
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Watkins Ryder LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2017
3.
Tangible Assets
| Plant & Machinery | Fixtures & Fittings | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at |
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| Depreciation | |||
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| As at |
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| Net Book Value | |||
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4.
Debtors
| 2017 | 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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5.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Other taxes and social security | - |
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| VAT |
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| Accruals |
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| Unbilled disbursements |
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6.
General Information
Watkins Ryder LLP is a limited liability partnership, incorporated in England & Wales, registered number OC358888 . The Registered Office is Bellevue House, 4 Bellevue Road, Southampton, Hampshire, SO15 2AY.
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