Centaur Property Trading LLP - LLP accounts 16.3

REGISTERED NUMBER: OC316752 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Centaur Property Trading LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

P Fernback

A G Fernback

L Fernback

Centaur Property Estates Limited

A Fernbackpen No 1 Limited

REGISTERED OFFICE:

20 Park Avenue

Farnborough Park

London

BR6 8LL

REGISTERED NUMBER:

OC316752 (England and Wales)

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 that of

DESIGNATED MEMBERS

The designated members during the year under review were:

P Fernback

A G Fernback

L Fernback

Centaur Property Estates Limited

A Fernbackpen No 1 Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £828 (2017 - £579,733 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

A G Fernback - Designated member

20 December 2018

TURNOVER

-

Cost of sales

91

(3,928

)

GROSS (LOSS)/PROFIT

(91

)

3,928

Administrative expenses

737

319

(828

)

3,609

Other operating income

-

575,300

OPERATING (LOSS)/PROFIT

(828

)

578,909

Interest payable and similar expenses

-

(824

)

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

(828

)

579,733

CURRENT ASSETS

Debtors

3

26,011

28,874

Cash at bank

356,110

875,180

382,121

904,054

CREDITORS

Amounts falling due within one year

4

1,608,785

1,605,718

NET CURRENT LIABILITIES

(1,226,664

)

(701,664

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

(1,226,664

)

(701,664

)

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

159

525,159

MEMBERS' OTHER INTERESTS

Capital accounts

(1,226,823

)

(1,226,823

)

(1,226,664

)

(701,664

)

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

159

525,159

Members' other interests

(1,226,823

)

(1,226,823

)

Amounts due from members

3

(26,011

)

(25,183

)

(1,252,675

)

(726,847

)

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 20 December 2018 and were signed by:

A G Fernback - Designated member

1.	STATUTORY INFORMATION

Centaur Property Trading 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.

Tangible fixed assets

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

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Other debtors

26,011

28,874

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Trade creditors

211

1,339

Other creditors

1,608,574

1,604,379

1,608,785

1,605,718

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.18

31.3.17

£

Amounts owed to members in respect of profits

159

525,159

Falling due within one year

159

525,159

There is no pressure on the loans from the members to the company to be repaid immediately or within the year.

The members are happy for all other creditors to be repaid before members capital is settled.

6.	RELATED PARTY DISCLOSURES

At the year end, Centaur Property Trading LLP owed the following balances:

Company

2018

2017

Centaur Property Group Ltd

41,650

Centaur Property Estates Ltd

1,423,484

1,417,489

Centaur Property Investment Ltd

14,400

Spedho Ltd

3,900

Barclay Property Trading LLP

1,010

Knowlwood Trading LLP

105,830

Champions Properties LLP

13,700

Alpenmile Properties Ltd

2,400

Barclays Estates Ltd

4,000

At the year end, Centaur Property Trading LLP was owed the following balances:

Company

2018

2017

Alan Fernback

1,800

Big Padlock Group Ltd

1,800