Flintstone Estates LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC316261 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Flintstone Estates LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P I H Pressland

J E Pressland

Ms G Martin

REGISTERED OFFICE:

14 Church Street

Whitchurch

Basingstoke

Hampshire

RG28 7AB

REGISTERED NUMBER:

OC316261 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

FIXED ASSETS

Tangible assets

3

25,614

31,152

Investment property

4

897,537

505,135

923,151

536,287

CURRENT ASSETS

Debtors

5

148,257

75,958

Cash at bank

2,109

6,298

150,366

82,256

CREDITORS

Amounts falling due within one year

6

174,794

506,155

NET CURRENT LIABILITIES

(24,428

)

(423,899

)

TOTAL ASSETS LESS CURRENT LIABILITIES

898,723

112,388

CREDITORS

Amounts falling due after more than one year

7

790,370

10,556

NET ASSETS ATTRIBUTABLE TO MEMBERS

108,353

101,832

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

108,353

101,832

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

108,353

101,832

Amounts due from members

5

(36,992

)

(43,623

)

71,361

58,209

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 March 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 11 December 2017 and were signed by:

P I H Pressland - Designated member

1.	STATUTORY INFORMATION

Flintstone Estates 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

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 reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

98,456

Additions

3,000

At 31 March 2017

101,456

DEPRECIATION

At 1 April 2016

67,304

Charge for year

8,538

At 31 March 2017

75,842

NET BOOK VALUE

At 31 March 2017

25,614

At 31 March 2016

31,152

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

505,135

Additions

392,402

At 31 March 2017

897,537

NET BOOK VALUE

At 31 March 2017

897,537

At 31 March 2016

505,135

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

148,257

75,958

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

12,657

-

Taxation and social security

2,487

2,457

Other creditors

159,650

503,698

174,794

506,155

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

790,370

-

Hire purchase contracts

-

10,556

790,370

10,556

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

All other creditors take priority over the debts due to members.