Wilson Family LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC325170 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

WILSON FAMILY LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A A Wilson

C Wilson

REGISTERED OFFICE:

26 Ives Street

London

SW3 2ND

REGISTERED NUMBER:

OC325170 (England and Wales)

ACCOUNTANTS:

Wem & Co Chartered Accountants

Savoy House

Savoy Circus

London

W3 7DA

FIXED ASSETS

Investment property

3

270,000

270,000

CURRENT ASSETS

Debtors

4

6,900

-

Cash at bank

11,766

14,634

18,666

14,634

CREDITORS

Amounts falling due within one year

5

31,641

30,682

NET CURRENT LIABILITIES

(12,975

)

(16,048

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

257,025

253,952

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

160,421

157,348

MEMBERS' OTHER INTERESTS

Capital accounts

50,000

50,000

Revaluation reserve

7

46,604

46,604

257,025

253,952

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

160,421

157,348

Members' other interests

96,604

96,604

257,025

253,952

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:

A A Wilson - Designated member

1.	STATUTORY INFORMATION

Wilson Family 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

270,000

NET BOOK VALUE

At 31 March 2018

270,000

At 31 March 2017

270,000

The investment property was revalued at the year end by the members on an open market existing use basis.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Other debtors

6,900

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

(1

)

-

Other creditors

31,642

30,682

31,641

30,682

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally

with unsecured creditors.

7.

RESERVES

Revaluation

reserve

£

At 1 April 2017

and 31 March 2018

46,604