Chancery Financial Planning LLP - Accounts to registrar (filleted) - small 18.2

Chancery Financial Planning LLP - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: OC388382(England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

CHANCERY FINANCIAL PLANNING LLP

CHANCERY FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC388382)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2019




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

CHANCERY FINANCIAL PLANNING LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 APRIL 2019







DESIGNATED MEMBERS: D Pelster
Mrs F Connelly





REGISTERED OFFICE: Mitre House
44-46 Fleet Street
London
EC4Y 1BN





REGISTERED NUMBER: OC388382(England and Wales)





ACCOUNTANTS: Robert A. Price F. C. C. A.
39 Etchingham Park Road
Finchley
London
N3 2DU

CHANCERY FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC388382)

BALANCE SHEET
30 APRIL 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,247 28,433

CURRENT ASSETS
Debtors 5 37,529 31,703
Cash at bank 161,334 194,843
198,863 226,546
CREDITORS
Amounts falling due within one year 6 59,990 34,380
NET CURRENT ASSETS 138,873 192,166
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

169,120

220,599

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

159,120

210,599

MEMBERS' OTHER INTERESTS
Capital accounts 10,000 10,000
169,120 220,599

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 159,120 210,599
Members' other interests 10,000 10,000
169,120 220,599

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 April 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.

CHANCERY FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC388382)

BALANCE SHEET - continued
30 APRIL 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 16 January 2020and were signed by:





D Pelster- Designated member

CHANCERY FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC388382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2019

1. STATUTORY INFORMATION

Chancery Financial Planning 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 10(2018 - 10) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2018 119,831
Additions 12,741
At 30 April 2019 132,572
DEPRECIATION
At 1 May 2018 91,398
Charge for year 10,927
At 30 April 2019 102,325
NET BOOK VALUE
At 30 April 2019 30,247
At 30 April 2018 28,433

CHANCERY FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC388382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 25,265 21,039
Other debtors 12,264 10,664
37,529 31,703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 40,142 19,335
Other creditors 19,848 15,045
59,990 34,380

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and Other Debts Due to Members rank for repayment after other creditors

CHANCERY FINANCIAL PLANNING LLP

REPORT OF THE ACCOUNTANTS TO THE MEMBERS OF
CHANCERY FINANCIAL PLANNING LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual
unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2019 set out on pages three to seven and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Robert A. Price F. C. C. A.
39 Etchingham Park Road
Finchley
London
N3 2DU


Date: .............................................