Lancaster Consulting LLP - Accounts to registrar (filleted) - small 17.3
Lancaster Consulting LLP - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
FOR |
LANCASTER CONSULTING LLP |
LANCASTER CONSULTING LLP (REGISTERED NUMBER: OC380635) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 April 2017 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Report of the Accountants | 5 |
LANCASTER CONSULTING LLP |
GENERAL INFORMATION |
for the Year Ended 30 April 2017 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bankhead Drive |
City South Office Park |
Portlethen |
Aberdeenshire |
AB12 4XX |
LANCASTER CONSULTING LLP (REGISTERED NUMBER: OC380635) |
STATEMENT OF FINANCIAL POSITION |
30 April 2017 |
2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
42,503 |
75,536 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
5 |
42,503 |
75,536 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 5 | 42,503 | 75,536 |
Amounts due from members | 3 | (1,099 | ) | - |
41,404 | 75,536 |
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. |
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 |
LANCASTER CONSULTING LLP (REGISTERED NUMBER: OC380635) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 April 2017 |
1. | STATUTORY INFORMATION |
Lancaster Consulting LLP is registered in England and Wales. The LLP's registered number and registered office address can |
be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements for the year ended 30 April 2017 are the first set of financial statements that comply with FRS |
102. The date of transition is 1 May 2015. |
The transition fro FRS 102 has resulted in a small number of changes in accounting policies to those used previously, this |
has not impacted on opening equity or profit for the comparative year. |
The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the |
foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
tax and other sales taxes. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of |
financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the |
date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
5. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2017 | 2016 |
£ | £ |
Amounts owed to members in respect of profits | 32,503 | 65,536 |
Capital account | 10,000 | 10,000 |
42,503 | 75,536 |
Falling due within one year | 42,503 | 75,536 |
Loans and other debts due to members rank equally with debts due to other creditors in the event of a winding up. |
LANCASTER CONSULTING LLP (REGISTERED NUMBER: OC380635) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 April 2017 |
6. | ULTIMATE CONTROLLING PARTY |
There is no ultimate controlling party of the LLP as all members have equal rights and input to the running of the LLP. |
LANCASTER CONSULTING LLP |
REPORT OF THE ACCOUNTANTS TO THE MEMBERS OF |
LANCASTER CONSULTING 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 Statement of Financial Position. |
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 Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 April 2017 set out on pages three to nine 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. |
Bankhead Drive |
City South Office Park |
Portlethen |
Aberdeenshire |
AB12 4XX |