Over the Canal LLP - Accounts to registrar (filleted) - small 18.2

Over the Canal LLP - Accounts to registrar (filleted) - small 18.2

OVER THE CANAL LLP - Company Information

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REGISTERED NUMBER: OC399471 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

Over the Canal LLP
Over the Canal LLP (Registered number: OC399471)






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




Page

General Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


Over the Canal LLP

General Information
for the Year Ended 31 December 2017







DESIGNATED MEMBERS: F Filippi
Mrs H Filippi
Mrs L Garbarino





REGISTERED OFFICE: 119 The Hub
300 Kensal Road
London
London
W10 5BE





REGISTERED NUMBER: OC399471 (England and Wales)





ACCOUNTANT: Hilton Consulting Limited
119 The Hub
300 Kensal Road
London
W10 5BE
Page 1
Over the Canal LLP (Registered number: OC399471)

Abridged Statement of Financial Position
31 December 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,661 70,711

CURRENT ASSETS
Debtors 89,089 41,766
Cash at bank and in hand 46,993 38,294
136,082 80,060
CREDITORS
Amounts falling due within one year 137,239 124,194
NET CURRENT LIABILITIES (1,157 ) (44,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
71,504
26,577

LOANS AND OTHER DEBTS DUE TO
MEMBERS
5
71,504
26,577

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 71,504 26,577

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 December 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP on 26 September 2018 and were signed by:




F Filippi - Designated member

The notes form part of these financial statements

Page 2
Over the Canal LLP (Registered number: OC399471)

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

1. STATUTORY INFORMATION

Over the Canal 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2016 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2017 98,885
Additions 26,323
At 31 December 2017 125,208
DEPRECIATION
At 1 January 2017 28,174
Charge for year 24,373
At 31 December 2017 52,547
NET BOOK VALUE
At 31 December 2017 72,661
At 31 December 2016 70,711

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a
winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other
interests.

Page 3