Lightblue Online LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC355038 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Lightblue Online LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DESIGNATED MEMBERS:

Lightblue UK Limited

D C O'Connor

Lucas Alexander Financial Solutions Ltd

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

OC355038 (England and Wales)

ACCOUNTANTS:

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Intangible assets

4

8,239

6,450

Tangible assets

5

8,479

8,905

16,718

15,355

CURRENT ASSETS

Debtors

6

47,874

37,281

Cash at bank and in hand

146,696

143,424

194,570

180,705

CREDITORS

Amounts falling due within one year

7

22,055

15,435

NET CURRENT ASSETS

172,515

165,270

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

189,233

180,625

PROVISIONS FOR LIABILITIES

127,968

139,826

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

61,265

40,799

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

61,265

40,799

Amounts due from members

6

(33,677

)

(24,793

)

27,588

16,006

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 29 November 2018 and were signed by:

Lightblue UK Limited - Designated member

1.	STATUTORY INFORMATION

Lightblue Online 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade

discounts. Turnover from provision of financial advice is recognised by reference to the stage of completion at

the balance sheet date. Stage os completion is measured by reference to when the LLP has delivered service to

the customer, the customer has accepted the service and collectability of the related receivable is reasonably

assured.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

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

Land and buildings

-

33% on cost

Plant and machinery etc

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating

as intended.

Taxation

Members are personally liable for taxation on their share of the profits of the limited liability partnership.

The profits are shown within 'Members' interests' or as 'Loans and other debts due to members' without any

deduction for tax.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment

of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is

accounted for in respect of all material timing differences.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Provisions

Provisions are recognised when the LLP has an obligation at the balance sheet date as a result of a past event, it

is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably

estimated.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2017 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

8,600

Additions

4,536

At 31 March 2018

13,136

AMORTISATION

At 1 April 2017

2,150

Charge for year

2,747

At 31 March 2018

4,897

NET BOOK VALUE

At 31 March 2018

8,239

At 31 March 2017

6,450

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2017

8,460

28,254

36,714

Additions

-

4,391

4,391

Disposals

-

(10,230

)

(10,230

)

At 31 March 2018

8,460

22,415

30,875

DEPRECIATION

At 1 April 2017

8,460

19,349

27,809

Charge for year

-

2,831

2,831

Eliminated on disposal

-

(8,244

)

(8,244

)

At 31 March 2018

8,460

13,936

22,396

NET BOOK VALUE

At 31 March 2018

-

8,479

8,479

At 31 March 2017

-

8,905

8,905

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

6,162

5,015

Other debtors

41,712

32,266

47,874

37,281

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Payments on account

3,120

431

Trade creditors

11,417

2,006

Taxation and social security

177

-

Other creditors

7,341

12,998

22,055

15,435

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, loans and other debts due to members and members' other interests rank subordinate

to other unsecured creditors.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual

unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability

Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your

approval the financial statements of Lightblue Online LLP for the year ended 31 March 2018 which comprise the

Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Lightblue Online LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lightblue Online LLP and state those matters that we have agreed to state to the members of Lightblue Online LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lightblue Online LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Lightblue Online LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lightblue Online LLP. You consider that Lightblue Online LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lightblue Online LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

29 November 2018