P & D Management LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC327086 (England and Wales)

Financial Statements for the Period 1 April 2017 to 31 May 2018

for

P & D Management LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ms S M Dickens

A C Howeson

REGISTERED OFFICE:

2B Haddo Street

Greenwich

London

SE10 9RN

REGISTERED NUMBER:

OC327086 (England and Wales)

ACCOUNTANTS:

Burnbecks Limited

Chartered Certified Accountants

2B Haddo Street

Greenwich

London

SE10 9RN

FIXED ASSETS

Tangible assets

4

-

629,552

CURRENT ASSETS

Stocks

-

7,950

Debtors

14,153

800

Cash at bank and in hand

2,195

15,931

16,348

24,681

CREDITORS

Amounts falling due within one year

11,106

61,087

NET CURRENT ASSETS/(LIABILITIES)

5,242

(36,406

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,242

593,146

CREDITORS

Amounts falling due after more than one year

5

5,242

334,167

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

258,979

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

258,979

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

-

258,979

Amounts due from members

(13,793

)

-

(13,793

)

258,979

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 period 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 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 Balance Sheet for the period ended 31 May 2018 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 Income Statement has not been delivered.

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

Ms S M Dickens - Designated member

A C Howeson - Designated member

1.	STATUTORY INFORMATION

P & D Management 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 represents net invoiced sales of wet and dry goods, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

not provided

Equipment

-

not provided

Furniture, fixtures & fittings

-

not provided

Stocks

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

obsolete and slow moving items.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 10 (2017 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

794,174

Additions

1,839

Disposals

(796,013

)

At 31 May 2018

-

DEPRECIATION

At 1 April 2017

164,622

Eliminated on disposal

(164,622

)

At 31 May 2018

-

NET BOOK VALUE

At 31 May 2018

-

At 31 March 2017

629,552

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.5.18

31.3.17

£

£

Repayable by instalments

Bank loans > 5 years

-

277,964

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.18

31.3.17

£

£

Bank loans

13,742

352,667

The bank overdraft is secured by a personal guarantee given by Ms S M Dickens to the LLP's bankers.

7.	ULTIMATE CONTROLLING PARTY