Land Acquisition & Promotion LLP - Accounts to registrar (filleted) - small 18.1

Land Acquisition & Promotion LLP - Accounts to registrar (filleted) - small 18.1

LAND ACQUISITION & PROMOTION LLP - Company Information

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REGISTERED NUMBER: OC339483 (England and Wales)









Financial Statements

for the Year Ended 31 August 2017

for

Land Acquisition & Promotion LLP
Land Acquisition & Promotion LLP (Registered number: OC339483)






Contents of the Financial Statements
for the Year Ended 31 August 2017




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Land Acquisition & Promotion LLP

General Information
for the Year Ended 31 August 2017







DESIGNATED MEMBERS: Rabid Vole Limited
Melfort Enterprises Limited





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: OC339483 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR
1
Land Acquisition & Promotion LLP (Registered number: OC339483)

Statement of Financial Position
31 August 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Debtors 3 167,201 86,672
Cash at bank 2,578 22,968
169,779 109,640
CREDITORS
Amounts falling due within one year 4 (121,781 ) (39,846 )
NET CURRENT ASSETS 47,998 69,794
TOTAL ASSETS LESS CURRENT
LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
47,998
69,794

LOANS AND OTHER DEBTS DUE TO
MEMBERS
5
47,998
69,794

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 47,998 69,794
Amounts due from members 3 (147,032 ) (80,885 )
(99,034 ) (11,091 )

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 August 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 notes form part of these financial statements

2 continued...
Land Acquisition & Promotion LLP (Registered number: OC339483)

Statement of Financial Position - continued
31 August 2017


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 31 May 2018 and were signed by:





Melfort Enterprises Limited - Designated member

The notes form part of these financial statements

3
Land Acquisition & Promotion LLP (Registered number: OC339483)

Notes to the Financial Statements
for the Year Ended 31 August 2017

1. STATUTORY INFORMATION

Land Acquisition & Promotion LLP is registered in England and Wales. The LLP's registered number
and registered office address can be found on the General Information page.

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 August 2017 are the first financial statements of the
company that comply with FRS 102. The date of transition is 1 September 2015. No differences to the
reported financial position and income statement for the previous period were noted as a result of the
transition to FRS 102.

The principal accounting policies adopted in the preparation of the financial statements are set out
below and have remained unchanged from the previous year/period, and also have been consistently
applied within the same accounts.

Profit allocations
Profit allocations are recognised in the year in which they are declared and become a present
obligation of the LLP.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Amounts due from members 147,032 80,885
Value added tax 20,169 5,787
167,201 86,672

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 115,032 34,846
Accruals & deferred income 6,749 5,000
121,781 39,846

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with other unsecured creditors in the event of
a winding up of the LLP. There are no restrictions on the ability of the members to reduce the amount
of Members’ other interests.

4