SJP Freeman Henchoz LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC404349 (England and Wales)

Unaudited Financial Statements for the Year Ended 28th February 2018

for

SJP Freeman Henchoz LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M Freeman

Miss S Bailey

P Henchoz

SJP Freeman Properties Limited

REGISTERED OFFICE:

36 The Mall

Mall Clifton Village

Bristol

Avon

BS8 4DS

REGISTERED NUMBER:

OC404349 (England and Wales)

ACCOUNTANTS:

Haines Watts Kent LLP

Roper Yard

Roper Road

Canterbury

Kent

CT2 7EX

CURRENT ASSETS

Stocks

4

1,965,000

2,046,219

Debtors

5

79,265

108,350

Cash at bank

28,611

21,524

2,072,876

2,176,093

CREDITORS

Amounts falling due within one year

6

40,000

-

NET CURRENT ASSETS

2,032,876

2,176,093

TOTAL ASSETS LESS CURRENT LIABILITIES

2,032,876

2,176,093

CREDITORS

Amounts falling due after more than one year

7

(699,672

)

(1,152,497

)

ACCRUALS AND DEFERRED INCOME

(1,465

)

(1,400

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,331,739

1,022,196

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

1,331,739

1,022,196

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,331,739

1,022,196

Amounts due from members

5

(76,835

)

(97,371

)

1,254,904

924,825

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 28th 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 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 24th September 2018 and were signed by:

M Freeman - Designated member

1.	STATUTORY INFORMATION

SJP Freeman Henchoz 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.

Significant judgements and estimates

No significant judgements have had to be made by management in preparing these financial

statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Stocks

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

obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loan from banks and other

third parties and loans to related parties.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2017 - NIL).

4.

STOCKS

2018

2017

£

£

Stocks

1,965,000

2,046,219

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by participating interests

292

-

Other debtors

78,973

108,350

79,265

108,350

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

40,000

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans (see note 8)

699,672

1,152,497

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

466,979

1,152,497

Bank loans more 5 yrs non-inst

232,693

-

699,672

1,152,497

8.

LOANS

An analysis of the maturity of loans is given below:

2018

2017

£

£

Amounts falling due within one year or on demand:

Loans

40,000

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

466,979

1,152,497

Bank loans more 5 yrs non-inst

232,693

-

699,672

1,152,497

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2018

2017

£

£

Loans from members

1,197,651

1,022,196

Amounts owed to members in respect of profits

134,088

-

1,331,739

1,022,196

Falling due within one year

1,331,739

1,022,196

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members'

capital classified as debt) would rank equally and without preference in relation to other creditors who

are unsecured, except where existing fixed and floating charges, in respect of the loans of £881,517

are registered with Companies House.

There are no such protection afforded to creditors in such an event which is legally enforceable and

which cannot be revoked solely by a decision of the members.

There are no such restrictions existing on the ability of the members to reduce the amount of

'Members' other interests'.

10.	RELATED PARTY DISCLOSURES

During the year the company paid for services totalling £292 on behalf of Old Weston Rd Property

Management Ltd, this was the remaining balance as at the balance sheet data.