H & C Consulting Actuaries LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC315112 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

H & C Consulting Actuaries LLP

Page

General Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DESIGNATED MEMBERS:

Mr A N Pearse

Mr C J Hunter

Mr G J Hatch

REGISTERED OFFICE:

Bolan House

19 Front Street

Acomb

York

North Yorkshire

YO24 3BW

REGISTERED NUMBER:

OC315112 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Intangible assets

5

390,000

330,000

Tangible assets

6

15,762

10,065

405,762

340,065

CURRENT ASSETS

Stocks

3,801

320

Debtors

7

671,089

488,139

Cash at bank and in hand

128,911

53,831

803,801

542,290

CREDITORS

Amounts falling due within one year

8

490,164

387,067

NET CURRENT ASSETS

313,637

155,223

TOTAL ASSETS LESS CURRENT LIABILITIES

719,399

495,288

CREDITORS

Amounts falling due after more than one year

9

280,000

200,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

439,399

295,288

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

409,399

265,288

MEMBERS' OTHER INTERESTS

Capital accounts

30,000

30,000

439,399

295,288

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

409,399

265,288

Members' other interests

30,000

30,000

439,399

295,288

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 Profit and Loss has not been delivered.

The financial statements were approved by the members of the LLP on 16 October 2018 and were signed by:

Mr A N Pearse - Designated member

1.	STATUTORY INFORMATION

H & C Consulting Actuaries 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 and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost

convention.

Turnover

Turnover represents amounts chargeable to clients for professional services provided during the year

including expenses and disbursements on client assignments but excluding value added tax.

Goodwill

Goodwill is reviewed at the end of each financial year and subsequently revalued when necessary to

reflect the current carrying value.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on cost straight line

Fixtures and fittings

-

15% on reducing balance

Work in progress

Work in progress is valued on the basis of direct cost plus an element of profit.

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension

scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 13 (2017 - 11 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

330,000

Additions

60,000

At 31 March 2018

390,000

NET BOOK VALUE

At 31 March 2018

390,000

At 31 March 2017

330,000

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2017

23,169

12,383

35,552

Additions

13,549

-

13,549

Disposals

(12,619

)

-

(12,619

)

At 31 March 2018

24,099

12,383

36,482

DEPRECIATION

At 1 April 2017

18,267

7,220

25,487

Charge for year

7,078

774

7,852

Eliminated on disposal

(12,619

)

-

(12,619

)

At 31 March 2018

12,726

7,994

20,720

NET BOOK VALUE

At 31 March 2018

11,373

4,389

15,762

At 31 March 2017

4,902

5,163

10,065

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

637,799

454,630

Prepayments and accrued income

33,290

33,509

671,089

488,139

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

5,365

3,537

VAT

130,894

85,743

Other creditors

-

38,362

Accruals and deferred income

353,905

259,425

490,164

387,067

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other loans

280,000

200,000

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans and other debts due to members' (other than members' capital classified as debt) rank

equal in relation to other creditors.