Wentworth Trading LLP - LLP accounts 16.3

REGISTERED NUMBER: OC324373 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Wentworth 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

Barclay Estates Limited

REGISTERED OFFICE:

20 Park Avenue

Farnborough Park

Orpington

London

BR6 8LL

REGISTERED NUMBER:

OC324373 (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:

A G Fernback

P Fernback

Barclay Estates Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £24,617 (2017 - £29,983 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

P Fernback - Designated member

20 December 2018

TURNOVER

-

Administrative expenses

208

2,346

OPERATING LOSS

(208

)

(2,346

)

Interest receivable and similar income

2

1

(206

)

(2,345

)

Interest payable and similar expenses

24,411

27,638

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

(24,617

)

(29,983

)

FIXED ASSETS

Investments

3

812,500

CURRENT ASSETS

Debtors

4

749,017

737,801

Cash at bank

151

951

749,168

738,752

CREDITORS

Amounts falling due within one year

5

1,137,875

1,127,459

NET CURRENT LIABILITIES

(388,707

)

(388,707

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

423,793

CREDITORS

Amounts falling due after more than one
year

6

850,000

NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

(426,207

)

(426,207

)

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

MEMBERS' OTHER INTERESTS

Capital accounts

(426,207

)

(426,207

)

(426,207

)

(426,207

)

TOTAL MEMBERS' INTERESTS

Members' other interests

(426,207

)

(426,207

)

Amounts due from members

4

(303,452

)

(278,836

)

(729,659

)

(705,043

)

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:

P Fernback - Designated member

1.	STATUTORY INFORMATION

Wentworth 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

and 31 March 2018

812,500

NET BOOK VALUE

At 31 March 2018

812,500

At 31 March 2017

812,500

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Other debtors

749,017

737,801

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Trade creditors

-

1,128

Amounts owed to participating interests

946,720

939,006

Other creditors

191,155

187,325

1,137,875

1,127,459

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.18

31.3.17

£

Bank loans

850,000

7.	RELATED PARTY DISCLOSURES

At the year end, Wentworth Trading LLP owed the following amounts to companies with a participating interest

in the LLP:

Company

2018

2017

Barclay Estates Ltd

946,720

939,006

At the year end, Wentworth Trading LLP owed the following amounts to companies that Mr P Fernback has an

interest in:

Company

2018

2017

Champion Properties LLP

16,676

Barclay Home Investments Ltd

122,050

Barclay Commercial Investments Ltd

16,500

23,110

Paul Fernback

10,210

(13,400

)

At the year end, Wentworth Trading LLP was owed the following amounts from companies that Mr P Fernback

has an interest in:

Company

2018

2017

Barclay Property Trading LLP

422,495

Blue Marlin Ltd

700

Barclay Commercial Estates Ltd

360