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

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

OPTIVUE LLP - Company Information

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REGISTERED NUMBER: OC328592 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2018

FOR

OPTIVUE LLP
OPTIVUE LLP (REGISTERED NUMBER: OC328592)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2018










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 5

OPTIVUE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 5 APRIL 2018







DESIGNATED MEMBERS: G D Mullis
A D Fitzgerald





REGISTERED OFFICE: Market House
21 Lenten Street
Alton
GU34 1HG





REGISTERED NUMBER: OC328592 (England and Wales)





ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG
Page 1
OPTIVUE LLP (REGISTERED NUMBER: OC328592)

BALANCE SHEET
5 APRIL 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 266,776 266,776

CURRENT ASSETS
Debtors 24,559 31,482
Cash at bank 12,214 16,650
36,773 48,132
CREDITORS
Amounts falling due within one year 4 1,840 1,840
NET CURRENT ASSETS 34,933 46,292
TOTAL ASSETS LESS CURRENT
LIABILITIES
301,709
313,068

CREDITORS
Amounts falling due after more than one
year
5
64,858
90,358
NET ASSETS ATTRIBUTABLE TO
MEMBERS
236,851
222,710

LOANS AND OTHER DEBTS DUE TO
MEMBERS
236,851
222,710

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 236,851 222,710
Amounts due from members (24,559 ) (31,482 )
212,292 191,228

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 5 April 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 notes form part of these financial statements

Page 2 continued...
OPTIVUE LLP (REGISTERED NUMBER: OC328592)

BALANCE SHEET - continued
5 APRIL 2018


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 13 December 2018 and were signed by:





G D Mullis - Designated member

The notes form part of these financial statements

Page 3
OPTIVUE LLP (REGISTERED NUMBER: OC328592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2018


1. STATUTORY INFORMATION

Optivue 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.

Patents and licences
Optivue LLP's license agreement with a US LLC in respect of the development of and patenting of
pharmaceutical technology was terminated during 2012. Although the technology had been patented, FDA
clearance to sell related products had not yet been granted and the patent costs incurred by Optivue LLP have
been capitalised with no amortisation charged. Optivue is engaged in finding a new commercialisation partner.

Turnover
The company will continue to carry forward a payment received from the licensee in 2008 until such time as
FDA approval of the process is approved. This sum is shown within other creditors after one year.

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 6 April 2017
and 5 April 2018 266,776
NET BOOK VALUE
At 5 April 2018 266,776
At 5 April 2017 266,776

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other creditors 1,840 1,840

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Other creditors 64,858 90,358

Page 4
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OPTIVUE LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual
unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability
Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your
approval the financial statements of Optivue LLP for the year ended 5 April 2018 which comprise the Income Statement,
Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from
information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the members of Optivue LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Optivue LLP and state those matters that we have agreed to state to the members of Optivue LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Optivue LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Optivue LLP. You consider that Optivue LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Optivue LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG


13 December 2018

This page does not form part of the statutory financial statements

Page 5