Greg Hall Jewellery LLP - Accounts to registrar (filleted) - small 18.2

Greg Hall Jewellery LLP - Accounts to registrar (filleted) - small 18.2

GREG HALL JEWELLERY LLP - Company Information

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REGISTERED NUMBER: OC396034 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

FOR

GREG HALL JEWELLERY LLP
TRADING AS
LAMBTONS
GREG HALL JEWELLERY LLP (REGISTERED NUMBER: OC396034)
TRADING AS LAMBTONS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREG HALL JEWELLERY LLP
TRADING AS LAMBTONS

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2019







DESIGNATED MEMBERS: J C Owen
G P Hall





REGISTERED OFFICE: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: OC396034 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ
Page 1
GREG HALL JEWELLERY LLP (REGISTERED NUMBER: OC396034)
TRADING AS LAMBTONS

BALANCE SHEET
31ST MARCH 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Stocks 4 547,034 470,139
Debtors 5 8,589 9,696
Cash at bank and in hand 23,429 29,224
579,052 509,059
CREDITORS
Amounts falling due within one year 6 122,116 97,092
NET CURRENT ASSETS 456,936 411,967
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
456,936
411,967

LOANS AND OTHER DEBTS DUE TO
MEMBERS
456,936
411,967

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 456,936 411,967

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 31st 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...
GREG HALL JEWELLERY LLP (REGISTERED NUMBER: OC396034)
TRADING AS LAMBTONS

BALANCE SHEET - continued
31ST 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 9th December 2019 and were signed
by:





G P Hall - Designated member

The notes form part of these financial statements

Page 3
GREG HALL JEWELLERY LLP (REGISTERED NUMBER: OC396034)
TRADING AS LAMBTONS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019

1. STATUTORY INFORMATION

Greg Hall Jewellery 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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial
statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Stocks
Stock is assessed for impairment at each reporting date. The carrying amount of each item of stock, or
group of similar items, is compared with its selling price less costs to complete and sell. If an item of
stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to
complete and sell, and an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of
financial assets and liabilities like trade and other accounts receivable and payable, loans from banks
and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
impairment loss is recognised in profit or loss.

For financial assets measured at cost less impairment, the impairment loss is measured as the
difference between an asset's carrying amount and the best estimate, which is an approximation, of
the amount that the company would receive for the asset if it were to be sold at the reporting date.

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 3 (2018 - 3 ) .

4. STOCKS
2019 2018
£    £   
Stocks 547,034 470,139

Page 4 continued...
GREG HALL JEWELLERY LLP (REGISTERED NUMBER: OC396034)
TRADING AS LAMBTONS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 4,320 5,117
Other debtors 4,269 4,579
8,589 9,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 19,077 22,563
Taxation and social security 6,466 7,753
Other creditors 96,573 66,776
122,116 97,092

Page 5