Kingsglade LLP - Accounts to registrar (filleted) - small 18.2

Kingsglade LLP - Accounts to registrar (filleted) - small 18.2

KINGSGLADE LLP - Company Information

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Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Kingsglade LLP
Kingsglade LLP (Registered number: OC346236)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kingsglade LLP

General Information
for the Year Ended 31 March 2018







DESIGNATED MEMBERS: Exel Construction Limited
J M Tanner
Mrs M L Head





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: OC346236 (England and Wales)





ACCOUNTANTS: Williams & Co
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF
Page 1
Kingsglade LLP (Registered number: OC346236)

Balance Sheet
31 March 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Stocks 161,953 151,264
Cash at bank 19,865 19,950
181,818 171,214
CREDITORS
Amounts falling due within one year 3 138,291 127,627
NET CURRENT ASSETS 43,527 43,587
TOTAL ASSETS LESS CURRENT
LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
43,527
43,587

LOANS AND OTHER DEBTS DUE TO
MEMBERS
4
43,527
43,587

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 4 43,527 43,587

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 12 December 2018 and were signed
by:



Exel Construction Limited - Designated member

The notes form part of these financial statements

Page 2
Kingsglade LLP (Registered number: OC346236)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Kingsglade 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other creditors 137,343 127,147
Accrued expenses 948 480
138,291 127,627

4. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other company creditors.

5. RELATED PARTY DISCLOSURES

Included in other creditors is the sum of £137,343 (2017: £127,147) payable to Exel Construction Ltd a
member of the LLP.

Page 3