The Spectrum Partnership LLP - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: OC303554 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

The Spectrum Partnership LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Sean Curran

M Evans

Rajeev Satija

Rakesh Satija

REGISTERED OFFICE:

3rd Floor

48 South Molton Street

London

W1K 5SA

REGISTERED NUMBER:

OC303554 (England and Wales)

ACCOUNTANTS:

Kumar Strategic Consultants Ltd

Chartered Accountants

255 - 261 Horn Lane

London

W3 9EH

FIXED ASSETS

Property, plant and equipment

4

6,309

6,755

CURRENT ASSETS

Inventories

25,225

36,911

Debtors

639,075

631,154

Investments

11

37,501

Cash at bank and in hand

309,055

33,196

973,366

738,762

CREDITORS

Amounts falling due within one year

934,510

700,352

NET CURRENT ASSETS

38,856

38,410

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

45,165

45,165

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

45,165

45,165

45,165

45,165

TOTAL MEMBERS' INTERESTS

Members' other interests

45,165

45,165

Amounts due from members

(612,399

)

(578,679

)

(567,234

)

(533,514

)

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 10 May 2018 and were signed by:

Rakesh Satija - Designated member

Rajeev Satija - Designated member

1.	STATUTORY INFORMATION

The Spectrum Partnership 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 represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the services provided to date based on a

proportion of the total expected consideration at completion. Where payments are received from customers in

advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors

due within one year.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme and the pension charge represents the amounts

payable by the LLP to the fund in respect of the year.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 18 .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2016

101,630

Additions

1,394

At 31 March 2017

103,024

DEPRECIATION

At 1 April 2016

94,875

Charge for year

1,840

At 31 March 2017

96,715

NET BOOK VALUE

At 31 March 2017

6,309

At 31 March 2016

6,755

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the members of the company.