Rowley Szilagy LLP - Accounts to registrar (filleted) - small 18.2

Rowley Szilagy LLP - Accounts to registrar (filleted) - small 18.2

ROWLEY SZILAGY LLP - Company Information

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REGISTERED NUMBER: OC363891 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Rowley Szilagy LLP
Rowley Szilagy LLP (Registered number: OC363891)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rowley Szilagy LLP

General Information
for the Year Ended 31 March 2019







DESIGNATED MEMBERS: P Rowley
G Szilagy





REGISTERED OFFICE: The Quay
No12. Princes Parade
Liverpool Waters
Liverpool
Merseyside
L3 1BG





REGISTERED NUMBER: OC363891 (England and Wales)





ACCOUNTANTS: Wilson Henry LLP
145 Edge Lane
Liverpool
Merseyside
L7 2PF
Page 1
Rowley Szilagy LLP (Registered number: OC363891)

Balance Sheet
31 March 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,904 3,671

CURRENT ASSETS
Debtors 5 44,643 41,364
Cash at bank 47,641 21,162
92,284 62,526
CREDITORS
Amounts falling due within one year 6 25,412 22,860
NET CURRENT ASSETS 66,872 39,666
TOTAL ASSETS LESS CURRENT
LIABILITIES
68,776
43,337

CREDITORS
Amounts falling due after more than one
year
7
2,000
2,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS
66,776
41,337

LOANS AND OTHER DEBTS DUE TO
MEMBERS
8
66,776
41,337

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 66,776 41,337

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 notes form part of these financial statements

Page 2 continued...
Rowley Szilagy LLP (Registered number: OC363891)

Balance Sheet - continued
31 March 2019


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 19 December 2019 and were signed
by:





P Rowley - Designated member

The notes form part of these financial statements

Page 3
Rowley Szilagy LLP (Registered number: OC363891)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Rowley Szilagy 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 represents net invoiced provision of surveying services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2018 22,396
Additions 1,134
Disposals (16,986 )
At 31 March 2019 6,544
DEPRECIATION
At 1 April 2018 18,725
Charge for year 634
Eliminated on disposal (14,719 )
At 31 March 2019 4,640
NET BOOK VALUE
At 31 March 2019 1,904
At 31 March 2018 3,671

Page 4 continued...
Rowley Szilagy LLP (Registered number: OC363891)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 44,643 41,364

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 3,036 5,749
Social security and other taxes 996 499
VAT 17,861 13,444
Other creditors 169 118
Accrued expenses 3,350 3,050
25,412 22,860

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Partners capital introduced 2,000 2,000

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2019 2018
£    £   
Amounts owed to members in respect of profits 66,776 41,337

Falling due within one year 66,776 41,337

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event
of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of Members
other interests.

Page 5