Urban Emerge LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC416708 (England and Wales)

URBAN EMERGE LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

Page

General information

1

Statement of financial position

2

Notes to the financial statements

4

Designated members:

N P Makarem

A Beavor

Registered office:

20 Dawes Road

London

SW6 7EN

Registered number:

OC416708 (England and Wales)

Fixed assets

Intangible assets

4

5,366

8,227

Current assets

Debtors

5

56,581

46,795

Cash at bank

15,926

9,295

72,507

56,090

Creditors

Amounts falling due within one year

6

62,557

56,203

Net current assets/(liabilities)

9,950

(113

)

Total assets less current liabilities

and

Net assets attributable to members

15,316

8,114

Loans and other debts due to members

3,911

1,442

Members' other interests

Capital accounts

11,405

6,672

15,316

8,114

Total members' interests

Loans and other debts due to members

3,911

1,442

Members' other interests

11,405

6,672

15,316

8,114

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 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 21 December 2020 and were signed by:

N P Makarem - Designated member

1.	Statutory information

Urban Emerge 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.

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.

Software platform is being amortised evenly over its estimated useful life of three years.

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.

3.	Employee information

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

4.	Intangible fixed assets

Software

platform

£

Cost

At 1 May 2019

and 30 April 2020

11,441

Amortisation

At 1 May 2019

3,214

Amortisation for year

2,861

At 30 April 2020

6,075

Net book value

At 30 April 2020

5,366

At 30 April 2019

8,227

5.

Debtors: amounts falling due within one year

2020

2019

£

£

Trade debtors

52,486

39,940

Other debtors

4,095

6,855

56,581

46,795

6.

Creditors: amounts falling due within one year

2020

2019

£

£

Trade creditors

13,240

815

Taxation and social security

3,330

11,919

Other creditors

45,987

43,469

62,557

56,203