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

REGISTERED NUMBER: OC313116 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Kalistar LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

W R Farmer

S E H Nutley

REGISTERED OFFICE:

24 High Street

Saffron Walden

Essex

CB10 1AX

REGISTERED NUMBER:

OC313116 (England and Wales)

ACCOUNTANTS:

Fisher Michael Chartered Accountants

The Old Grange

Warren Estate

Lordship Road

Writtle

Essex

CM1 3WT

FIXED ASSETS

Investment property

4

515,000

515,000

CURRENT ASSETS

Debtors

5

-

700

Cash at bank

42,964

1,843

42,964

2,543

CREDITORS

Amounts falling due within one year

6

10,300

22,487

NET CURRENT ASSETS/(LIABILITIES)

32,664

(19,944

)

TOTAL ASSETS LESS CURRENT LIABILITIES

547,664

495,056

CREDITORS

Amounts falling due after more than one year

7

276,443

152,085

NET ASSETS ATTRIBUTABLE TO MEMBERS

271,221

342,971

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

266,721

338,471

MEMBERS' OTHER INTERESTS

Capital accounts

4,500

4,500

271,221

342,971

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

266,721

338,471

Members' other interests

4,500

4,500

271,221

342,971

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 2019.

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 21 December 2019 and were signed by:

S E H Nutley - Designated member

1.	STATUTORY INFORMATION

Kalistar 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 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

515,000

NET BOOK VALUE

At 31 March 2019

515,000

At 31 March 2018

515,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

8,500

18,163

Other creditors

1,800

4,324

10,300

22,487

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

276,443

152,085

2019

2018

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

240,693

-

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of the Limited Liability Partnership being wound up, all unsecured creditors would rank equally.

There is no provision for specific legal enforceable protection afforded to creditors in such an event. There are

no restrictions or limitations that exist on the members to reduce the 'Members other interest'.

9.	ULTIMATE CONTROLLING PARTY