Raffingers LLP - Accounts to registrar (filleted) - small 18.2

Raffingers LLP - Accounts to registrar (filleted) - small 18.2

RAFFINGERS LLP - Company Information

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REGISTERED NUMBER: OC310176 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

RAFFINGERS LLP
RAFFINGERS LLP (REGISTERED NUMBER: OC310176)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2018




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAFFINGERS LLP

GENERAL INFORMATION
for the year ended 31 December 2018







DESIGNATED MEMBERS: Mr L E Manning FCCA
Mr G B Soraff FCCA
Mr A H Moody BA (Hons) FCCA
Mr G P Inglis BA(Hons) FFA
Mr T Sudarshan FCCA
Mr A A Coney FCCA
Mr P Dell FCA
Raffingers Advisory Limited
Alexander Ash & Co Limited
Mr R K Butcher





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: OC310176 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Page 1
RAFFINGERS LLP (REGISTERED NUMBER: OC310176)

BALANCE SHEET
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,075,430 449,905
Tangible assets 5 24,726 21,478
1,100,156 471,383

CURRENT ASSETS
Debtors 6 3,018,472 2,181,004
Cash in hand - 1,350
3,018,472 2,182,354
CREDITORS
Amounts falling due within one year 7 1,628,867 1,382,391
NET CURRENT ASSETS 1,389,605 799,963
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,489,761
1,271,346

CREDITORS
Amounts falling due after more than one year 8 869,138 62,683
NET ASSETS ATTRIBUTABLE TO
MEMBERS
1,620,623
1,208,663

LOANS AND OTHER DEBTS DUE TO
MEMBERS
10
1,620,623
1,208,663

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,620,623 1,208,663

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 December 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 notes form part of these financial statements

Page 2 continued...
RAFFINGERS LLP (REGISTERED NUMBER: OC310176)

BALANCE SHEET - continued
31 December 2018


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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 26 September 2019 and were signed by:





Mr A H Moody BA (Hons) FCCA - Designated member

The notes form part of these financial statements

Page 3
RAFFINGERS LLP (REGISTERED NUMBER: OC310176)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2018

1. STATUTORY INFORMATION

Raffingers 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill
Goodwill, being the amount paid in connection the purchase of businesses in the current and prior years, is being
amortised evenly over its estimated useful life of 10-20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on 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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from
impairment are recognised in the profit and loss account.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 75 (2017 - 75 ) .

Page 4 continued...
RAFFINGERS LLP (REGISTERED NUMBER: OC310176)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2018 457,530
Additions 720,000
At 31 December 2018 1,177,530
AMORTISATION
At 1 January 2018 7,625
Charge for year 94,475
At 31 December 2018 102,100
NET BOOK VALUE
At 31 December 2018 1,075,430
At 31 December 2017 449,905

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 January 2018 129 23,489 23,618
Additions - 9,429 9,429
At 31 December 2018 129 32,918 33,047
DEPRECIATION
At 1 January 2018 13 2,127 2,140
Charge for year 36 6,145 6,181
At 31 December 2018 49 8,272 8,321
NET BOOK VALUE
At 31 December 2018 80 24,646 24,726
At 31 December 2017 116 21,362 21,478

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 2,047,705 1,341,427
Amounts recoverable on contract 758,577 643,298
Other debtors 212,190 196,279
3,018,472 2,181,004

Page 5 continued...
RAFFINGERS LLP (REGISTERED NUMBER: OC310176)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 211,570 317,465
Payments on account 328,103 257,452
Trade creditors 58,984 120,449
Taxation and social security 632,345 322,851
Other creditors 397,865 364,174
1,628,867 1,382,391

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Other creditors 869,138 62,683

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank overdrafts 211,570 317,465
Loans 39,118 156,633
250,688 474,098

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are unsecured.

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £40,054 (2017 - £28,344) by Raffingers Probate Limited, a
company with common members/directors.

Page 6