Sharp Cross & Mann LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC404679 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Sharp Cross + Mann LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R J Cross

I A Mann

C E Sharp

REGISTERED OFFICE:

13 York Street

Heywood

Lancashire

OL10 4NN

REGISTERED NUMBER:

OC404679 (England and Wales)

ACCOUNTANTS:

Anthony Marshall Ltd

Chartered Accountants

70 Market Street

Tottington

Bury

Greater Manchester

BL8 3LJ

FIXED ASSETS

Tangible assets

4

9,478

10,443

CURRENT ASSETS

Debtors

5

263,280

161,220

Cash at bank and in hand

198,932

191,142

462,212

352,362

CREDITORS

Amounts falling due within one year

6

44,115

37,772

NET CURRENT ASSETS

418,097

314,590

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

427,575

325,033

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

427,575

325,033

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

427,575

325,033

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP on 13 December 2018 and were signed by:

I A Mann - Designated member

1.	STATUTORY INFORMATION

Sharp Cross + Mann LLP is registered in England and Wales. The LLP's registered number and registered office

address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Fixtures and fittings

-

20% reducing balance

Computer equipment

-

15% reducing balance

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.

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 12 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

3,729

8,776

12,505

Additions

109

717

826

At 31 March 2018

3,838

9,493

13,331

DEPRECIATION

At 1 April 2017

746

1,316

2,062

Charge for year

608

1,183

1,791

At 31 March 2018

1,354

2,499

3,853

NET BOOK VALUE

At 31 March 2018

2,484

6,994

9,478

At 31 March 2017

2,983

7,460

10,443

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

67,832

29,673

Other debtors

195,448

131,547

263,280

161,220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Taxation and social security

36,826

29,349

Other creditors

7,289

8,423

44,115

37,772

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. The legal opinion given in

appendix to the SORP, Accounting by Limited Liability Partnerships, is that members' other interests rank after

unsecured creditors.