Spinning Dogs LLP - LLP accounts 18.2

REGISTERED NUMBER: OC357176 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

SPINNING DOGS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Ms J Quinn

D R Straw

REGISTERED OFFICE:

Sandall House

230 High Street

Herne Bay

Kent

CT6 5AX

REGISTERED NUMBER:

OC357176 (England and Wales)

ACCOUNTANTS:

Mumford & Co Limited

Sandall House

230 High Street

Herne Bay

Kent

CT6 5AX

The members present their report with the financial statements of the LLP for the year ended 31 May 2018.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of organising educational conferences and

exhibitions.

DESIGNATED MEMBERS

The designated members during the year under review were:

Ms J Quinn

D R Straw

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £3,950 (2017 - £2,787 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Ms J Quinn - Designated member

12 November 2018

TURNOVER

-

-

Administrative expenses

4,800

2,787

(4,800

)

(2,787

)

Other operating income

850

-

OPERATING LOSS and

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

(3,950

)

(2,787

)

FIXED ASSETS

Tangible assets

4

2,134

2,846

CURRENT ASSETS

Cash at bank

2,206

2,563

CREDITORS

Amounts falling due within one year

5

600

600

NET CURRENT ASSETS

1,606

1,963

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,740

4,809

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

3,715

4,784

MEMBERS' OTHER INTERESTS

Capital accounts

25

25

3,740

4,809

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

3,715

4,784

Members' other interests

25

25

3,740

4,809

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 May 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 12 November 2018 and were signed by:

Ms J Quinn - Designated member

1.	STATUTORY INFORMATION

Spinning Dogs 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.

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 cost

3.	OPERATING LOSS

The operating loss is stated after charging:

2018

2017

£

£

Depreciation - owned assets

712

949

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2017

and 31 May 2018

5,167

DEPRECIATION

At 1 June 2017

2,321

Charge for year

712

At 31 May 2018

3,033

NET BOOK VALUE

At 31 May 2018

2,134

At 31 May 2017

2,846

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

600

600

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) would rank last in relation

to other creditors.