Adelphi Consultants LLP - LLP accounts 18.2

REGISTERED NUMBER: SO304297 (Scotland)

Report of the Members and

Unaudited Financial Statements for the Year Ended 28 February 2018

for

Adelphi Consultants LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

R A Keane

Miss M C Martin

REGISTERED OFFICE:

19 Adelphi

Adelphi Business Centre

Aberdeen

Aberdeenshire

AB11 5BL

REGISTERED NUMBER:

SO304297 (Scotland)

The members present their report with the financial statements of the LLP for the year ended 28 February 2018.

DESIGNATED MEMBERS

The designated members during the year under review were:

R A Keane

Miss M C Martin

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £81,692 (2017 - £78,098 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Miss M C Martin - Designated member

31 August 2018

TURNOVER

88,000

86,000

Administrative expenses

5,257

6,548

OPERATING PROFIT

3

82,743

79,452

Interest payable and similar expenses

1,051

1,354

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

81,692

78,098

FIXED ASSETS

Tangible assets

4

19,785

24,732

CURRENT ASSETS

Cash at bank

5,154

9,864

CREDITORS

Amounts falling due within one year

5

9,294

28,619

NET CURRENT LIABILITIES

(4,140

)

(18,755

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,645

5,977

CREDITORS

Amounts falling due after more than one year

6

10,799

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,846

5,977

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

4,846

5,977

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

4,846

5,977

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 28 February 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 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.

The financial statements were approved by the members of the LLP on 31 August 2018 and were signed by:

Miss M C Martin - Designated member

1.	STATUTORY INFORMATION

Adelphi Consultants LLP is registered in Scotland. 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

-

at varying rates on cost

3.	OPERATING PROFIT

The operating profit is stated after charging:

28.2.18

28.2.17

£

£

Depreciation - owned assets

4,947

6,182

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

and 28 February 2018

60,380

DEPRECIATION

At 1 March 2017

35,648

Charge for year

4,947

At 28 February 2018

40,595

NET BOOK VALUE

At 28 February 2018

19,785

At 28 February 2017

24,732

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Hire purchase contracts

8,114

26,619

Trade creditors

940

-

Other creditors

240

2,000

9,294

28,619

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.18

28.2.17

£

£

Hire purchase contracts

10,799

-

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members (other than members capital classified as debt) ranks above other

creditors.