Greaves Brewster LLP - Accounts to registrar (filleted) - small 18.2
Greaves Brewster LLP - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2018 |
| for |
| GREAVES BREWSTER LLP |
| GREAVES BREWSTER LLP (REGISTERED NUMBER: OC307396) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| GREAVES BREWSTER LLP |
| General Information |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| DESIGNATED MEMBERS: | R R Turner |
| J Bumke |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 6 - 8 Bath Street |
| Bristol |
| BS1 6HL |
| GREAVES BREWSTER LLP (REGISTERED NUMBER: OC307396) |
| Balance Sheet |
| 31 MARCH 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
261,099 |
97,317 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
201,099 |
47,317 |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 60,000 | 50,000 |
| 261,099 | 97,317 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 10 | 201,099 | 47,317 |
| Members' other interests | 60,000 | 50,000 |
| 261,099 | 97,317 |
| GREAVES BREWSTER LLP (REGISTERED NUMBER: OC307396) |
| Balance Sheet - continued |
| 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. |
| 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 Profit and Loss Account has not been delivered. |
| The financial statements were approved by the members of the LLP on |
| GREAVES BREWSTER LLP (REGISTERED NUMBER: OC307396) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 1. | STATUTORY INFORMATION |
| Greaves Brewster 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 |
| The financial statements are prepared in sterling, which is the functional currency of the LLP. Monetary |
| amounts in these financial statements are rounded to the nearest £. |
| Going concern |
| At the time of approving the financial statements, the members have a reasonable expectation that the LLP has |
| adequate resources to continue in operational existence for the foreseeable future. Thus the members continue |
| to adopt the going concern basis of accounting in preparing the financial statements. |
| 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
| ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating |
| result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at |
| the lower of the fair value of the assets and the present value of the minimum lease payments, which is |
| determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount |
| recognised as an asset. |
| Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability |
| using the effective interest method. Finance charges are allocated to each period so as to produce a constant |
| rate of interest on the remaining balance of the liability. |
| GREAVES BREWSTER LLP (REGISTERED NUMBER: OC307396) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme |
| are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2017 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Prepayments and accrued income |
| GREAVES BREWSTER LLP (REGISTERED NUMBER: OC307396) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts (see note 8) |
| Trade creditors |
| Social security and other taxes |
| VAT | 28,653 | 61,309 |
| Other creditors |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts (see note 8) |
| Other creditors |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2018 | 2017 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2018 | 2017 |
| £ | £ |
| Between one and five years |
| In more than five years |
| GREAVES BREWSTER LLP (REGISTERED NUMBER: OC307396) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts | 16,937 | 21,674 |
| 10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 2018 | 2017 |
| £ | £ |
| Amounts owed to members in respect of profits | 201,099 | 47,317 |
| Falling due within one year | 201,099 | 47,317 |
| Upon dissolution of the partnership amounts in 'Loans and other debts due to members' would be distributed |
| after the discharge of all liabilities to third parties. |