Fairmort Associates LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC336913 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

FAIRMORT ASSOCIATES LLP

Page

General information

1

Balance sheet

2

Notes to the financial statements

4

DESIGNATED MEMBERS:

T Mortlock

S Fair

J Mortlock

REGISTERED OFFICE:

2nd Floor, Romy House

163-167 Kings Road

Brentwood

Essex

CM14 4EG

REGISTERED NUMBER:

OC336913 (England and Wales)

ACCOUNTANTS:

Plan-a Financials

2nd Floor, Romy House

163-167 Kings Road

Brentwood

Essex

CM14 4EG

FIXED ASSETS

Tangible assets

3

38,660

25,744

CURRENT ASSETS

Debtors

17

27,713

Cash at bank

2,037

2,966

2,054

30,679

CREDITORS

Amounts falling due within one year

4

29,163

25,089

NET CURRENT (LIABILITIES)/ASSETS

(27,109

)

5,590

TOTAL ASSETS LESS CURRENT LIABILITIES

11,551

31,334

CREDITORS

Amounts falling due after more than one year

5

11,551

13,805

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

17,529

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

17,529

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

-

17,529

Amounts due from members

(17

)

(27,713

)

(17

)

(10,184

)

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 20 December 2018 and were signed by:

J Mortlock - Designated member

1.	STATUTORY INFORMATION

Fairmort Associates 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.

Tangible fixed assets

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

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

88,741

Additions

25,801

At 31 March 2018

114,542

DEPRECIATION

At 1 April 2017

62,997

Charge for year

12,885

At 31 March 2018

75,882

NET BOOK VALUE

At 31 March 2018

38,660

At 31 March 2017

25,744

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

(1

)

Amounts owed to group undertakings

28,200

8,000

Taxation and social security

63

1,190

Other creditors

900

15,900

29,163

25,089

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

11,551

13,805