Tuppenny House Designs LLP - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: OC395736 (England and Wales)

Financial Statements for the Year Ended 31 October 2017

for

Tuppenny House Designs LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J E Michie

Mrs I R Michie

REGISTERED OFFICE:

78 Nightingale Lane

Wanstead

London

E11 2EZ

REGISTERED NUMBER:

OC395736 (England and Wales)

ACCOUNTANTS:

David Fletcher & Co.

Mulberry House

78a Nightingale Lane

Wanstead

London

E11 2EZ

FIXED ASSETS

Tangible assets

3

1,350

1,800

CURRENT ASSETS

Stocks

1,750

1,500

Debtors

5,037

3,635

Cash at bank

763

825

7,550

5,960

CREDITORS

Amounts falling due within one year

4

8,900

7,760

NET CURRENT LIABILITIES

(1,350

)

(1,800

)

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

(5,037

)

(3,635

)

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 October 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 30 August 2018 and were signed by:

J E Michie - Designated member

1.	STATUTORY INFORMATION

Tuppenny House Designs 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 reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

and 31 October 2017

3,200

DEPRECIATION

At 1 November 2016

1,400

Charge for year

450

At 31 October 2017

1,850

NET BOOK VALUE

At 31 October 2017

1,350

At 31 October 2016

1,800

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans and overdrafts

4,920

4,056

Taxation and social security

-

1,164

Other creditors

3,980

2,540

8,900

7,760