Priderm LLP - LLP accounts 18.2

REGISTERED NUMBER: OC364849 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Priderm LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Dr. N K Singh

Dr. V D'Ambrogio

REGISTERED OFFICE:

12 St John Street

Manchester

M3 4DY

REGISTERED NUMBER:

OC364849 (England and Wales)

ACCOUNTANTS:

Hall Liddy

12 St John Street

Manchester

M3 4DY

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

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was the provision of medical services.

DESIGNATED MEMBERS

The designated members during the year under review were:

Dr. N K Singh

Dr. V D'Ambrogio

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £214,221 (2017 -

£132,867 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Dr. N K Singh - Designated member

30 November 2018

TURNOVER

614,446

551,145

Administrative expenses

(400,270

)

(418,311

)

OPERATING PROFIT

214,176

132,834

Interest receivable and similar income

45

33

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

214,221

132,867

CURRENT ASSETS

Debtors

3

54,780

91,069

Cash at bank

54,004

67,690

108,784

158,759

CREDITORS

Amounts falling due within one year

4

57,772

106,488

NET CURRENT ASSETS

51,012

52,271

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

51,012

52,271

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

51,012

52,271

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

51,012

52,271

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 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 30 November 2018 and were signed by:

Dr. N K Singh - Designated member

1.	STATUTORY INFORMATION

Priderm 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.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

54,780

91,069

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Other creditors

57,772

106,488

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other amounts due to members are repayable once all other outstanding debts

have been settled.