FWP Group LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC306390 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

FOR

FWP GROUP LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M F Whittle

D Robinson

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

OC306390 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

3

-

30,176

Investments

4

-

10,000

-

40,176

CURRENT ASSETS

Debtors

5

-

675,875

CREDITORS

Amounts falling due within one year

6

-

701,571

NET CURRENT LIABILITIES

-

(25,696

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

14,480

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

-

14,480

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

-

14,480

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 January 2017.

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 of Part 15 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 small LLPs.

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 31 October 2017 and were signed by:

D Robinson - Designated member

M F Whittle - Designated member

1.	STATUTORY INFORMATION

FWP Group 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Short Leasehold - 7.5% on reducing balance

Fixtures and fittings - 25% on reducing balance

Fixed asset investments

Fixed asset investments are shown at cost less provision for impairment.

3.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Short

and

property

leasehold

fittings

Totals

£

£

£

£

COST

At 1 February 2016

23,280

11,161

29,387

63,828

Disposals

(23,280

)

(11,161

)

(29,387

)

(63,828

)

At 31 January 2017

-

-

-

-

DEPRECIATION

At 1 February 2016

-

5,057

28,595

33,652

Eliminated on disposal

-

(5,057

)

(28,595

)

(33,652

)

At 31 January 2017

-

-

-

-

NET BOOK VALUE

At 31 January 2017

-

-

-

-

At 31 January 2016

23,280

6,104

792

30,176

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2016

10,000

Reclassification/transfer

(10,000

)

At 31 January 2017

-

NET BOOK VALUE

At 31 January 2017

-

At 31 January 2016

10,000

Fixed Asset Investments represents an investment of £10,000 in Loan Stock.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/17

31/1/16

£

£

Trade debtors

-

339,125

Other debtors

-

299,839

Prepayments

-

36,911

-

675,875

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/17

31/1/16

£

£

Bank loans and overdrafts

-

158,368

VAT

-

13,627

Creditors and accruals

-

529,576

-

701,571

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31/1/17

31/1/16

£

£

Amounts owed to members in respect of profits

-

14,480

Falling due within one year

-

14,480

8.	TRANSITION TO FRS 102

There were no adjustments required for the transition from UK GAAP to FRS 102.