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

REGISTERED NUMBER: OC339306 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2020

for

LOCHURST LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S D De-lacy Adams

T F C Jordan

S C Mccallum

REGISTERED OFFICE:

66 North Quay

Great Yarmouth

Norfolk

NR30 1HE

REGISTERED NUMBER:

OC339306 (England and Wales)

ACCOUNTANTS:

Lees Chartered Accountants

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

FIXED ASSETS

Intangible assets

4

-

990

CURRENT ASSETS

Debtors

5

3,362

562

Cash at bank and in hand

5,655

3,735

9,017

4,297

CREDITORS

Amounts falling due within one year

6

600

600

NET CURRENT ASSETS

8,417

3,697

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

8,417

4,687

LOANS AND OTHER DEBTS DUE TO MEMBERS

8,417

4,687

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8,417

4,687

Amounts due from members

5

(3,362

)

(462

)

5,055

4,225

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 5 April 2020.

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 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 and authorised for issue on 27 November 2020 and were signed by:

S D De-lacy Adams - Designated member

1.	STATUTORY INFORMATION

Lochurst 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets and amortisation

Intangible fixed assets are stated at cost less amortisation. Amortisation is provided so as to fully write

down the assets' carrying value over the anticipated period of profitable exploitation under existing

arrangements.

Compliance with accounting standards

The financial statements are prepared in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008) and the Statement of Recommended Practice Accounting by Limited

Liability

Partnerships published in 2010.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2019 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 6 April 2019

and 5 April 2020

11,500

AMORTISATION

At 6 April 2019

10,510

Charge for year

990

At 5 April 2020

11,500

NET BOOK VALUE

At 5 April 2020

-

At 5 April 2019

990

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.20

5.4.19

£

£

Other debtors

3,362

562

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.20

5.4.19

£

£

Other creditors

600

600