GMJL Management LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC411445 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2018

for

GMJL Management LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A M Dobinson

D J Delaney

REGISTERED OFFICE:

Virginia House

Level 2

56 Warwick Road

Solihull

West Midlands

B92 7HX

REGISTERED NUMBER:

OC411445 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

CURRENT ASSETS

Debtors

4

28,445

25,495

Cash at bank

65

-

28,510

25,495

CREDITORS

Amounts falling due within one year

5

49,573

44,255

NET CURRENT LIABILITIES

(21,063

)

(18,760

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

(21,063

)

(18,760

)

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

100

100

Other reserves

(21,163

)

(18,860

)

(21,063

)

(18,760

)

TOTAL MEMBERS' INTERESTS

Members' other interests

(21,063

)

(18,760

)

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 30 June 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 4 January 2019 and were signed by:

D J Delaney - Designated member

1.	STATUTORY INFORMATION

GMJL Management 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.

There were no material departures from that standard.

Turnover

Turnover represents invoiced sales of services provided.

Divisible profits and members' remuneration

Trading profits and losses of the LLP are divided and borne by the members in the proportions as set out in the

members' agreement and shall be theirs as of right unless otherwise agreed from time to time.

The cash flow requirement of the LLP is taken into account when assessing the level of drawings taken by

members.

Accounting period

In the previous period, the company changed its accounting year end from 30 April to 30 June and presented

results for a fourteen month period. As a result, profit and loss account comparative figures are not directly

comparable.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2017 - 2 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

28,345

25,395

Other debtors

100

100

28,445

25,495

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

1,921

180

Social security and other taxes

437

303

Other creditors

45,775

42,022

Accruals and deferred income

1,440

1,750

49,573

44,255

6.	CAPITAL COMMITMENTS

30.6.18

30.6.17

£

£

Contracted but not provided for in the

financial statements

-

-

7.	RELATED PARTY DISCLOSURES

As members of the company, Mr. A.M. Dobinson and Mr. D. J Delaney are considered to be related parties of

the company.

GMJL Management LLP, Telephone Europe Limited and Bunjey Ltd are related parties by virtue of the fact that

Mr.A.M Dobinson and Mr.D.J Delaney are both partners of GMJL Management LLP and directors and

shareholders of Telephone Europe Limited and Bunjey Limited.

In the year ended 30 June 2018, GMJL Management LLP invoiced the sum of £Nil (2017 - 14,814) to Bunjey

Limited for services supplied.

As at the balance sheet date, the company was due £600 (2017 - £Nil) from Bunjey Limited by way of a business

loan. This balance has been written off as this debt is irrecoverable. In addition, Telephone Europe Limited owed

£Nil (2017 - £14,814) to Bunjey Limited by way of a trading balance.

In the year ended 30 June 2018, GMJL Management LLP invoiced the sum of £2,949 (2017 - £25,395) to

Telephone Europe Limited for services supplied.

As at 30 June 2018, the company was due £28,345 (2017 - £25,395) from Telephone Europe Limited by way of

a trading balance. In addition, GMJL Management LLP owed £45,775 (2017 - £42,022) to Telephone Europe

Limited by way of business loan.

The business loan advanced to GMJL Management LLP by Telephone Europe Limited is unsecured and interest

free with no specific repayment terms.

These transactions were conducted at normal commercial rates.

8.	POST BALANCE SHEET EVENTS

These financial statements were authorised for issue by the designated members on 4 January 2019.