Arkwright (Reading) LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC362367 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Arkwright (Reading) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

T A Parsons

Mrs H M Parsons

REGISTERED OFFICE:

12 Arkwright Road

Reading

Berkshire

RG2 0LU

BUSINESS ADDRESS:

Paragon Design Joinery Ltd

12 Arkwright Road

Reading

Berkshire

RG2 0LU

REGISTERED NUMBER:

OC362367 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Tangible assets

3

1,094,110

1,094,110

CURRENT ASSETS

Cash at bank

62,316

25,004

CREDITORS

Amounts falling due within one year

4

17,500

3,500

NET CURRENT ASSETS

44,816

21,504

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,138,926

1,115,614

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

44,816

21,504

MEMBERS' OTHER INTERESTS

Capital accounts

1,094,110

1,094,110

1,138,926

1,115,614

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

44,816

21,504

Members' other interests

1,094,110

1,094,110

1,138,926

1,115,614

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 March 2018.

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 July 2018 and were signed by:

T A Parsons - Designated member

1.	STATUTORY INFORMATION

Arkwright (Reading) 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

0% on land

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss

account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs.

Subsequently they are measured at amortised cost using the effective interest rate method, less

impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Members' remuneration

A member's profit share in the profit and loss for the year is accounted for as an allocation of profits.

Unallocated profits and losses are included within 'other reserves'.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2017

and 31 March 2018

1,094,110

NET BOOK VALUE

At 31 March 2018

1,094,110

At 31 March 2017

1,094,110

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Taxation and social security

5,500

3,500

Other creditors

12,000

-

17,500

3,500

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding

up. There are no restrictions on the ability of members to reduce the amount of members' other

interests.