PET&R LLP - LLP accounts 18.2
PET&R LLP - LLP accounts 18.2
| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements |
| for the Year Ended 5th April 2018 |
| for |
| PET&R LLP |
| PET&R LLP (REGISTERED NUMBER: OC362388) |
| Contents of the Financial Statements |
| for the Year Ended 5th April 2018 |
| Page |
| General Information | 1 |
| Report of the Members | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| PET&R LLP |
| General Information |
| for the Year Ended 5th April 2018 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 43 Coniscliffe Road |
| Darlington |
| Co. Durham |
| DL3 7EH |
| PET&R LLP (REGISTERED NUMBER: OC362388) |
| Report of the Members |
| for the Year Ended 5th April 2018 |
| The members present their report with the financial statements of the LLP for the year ended 5th April 2018. |
| PRINCIPAL ACTIVITY |
| The principal activity of the LLP in the year under review was that of training and management consultancy. |
| DESIGNATED MEMBERS |
| The designated members during the year under review were: |
| RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
| The profit for the year before members' remuneration and profit shares was £41,850 (2017 - £40,363 profit). |
| MEMBERS' INTERESTS |
| ON BEHALF OF THE MEMBERS: |
| PET&R LLP (REGISTERED NUMBER: OC362388) |
| Income Statement |
| for the Year Ended 5th April 2018 |
| 5/4/18 | 5/4/17 |
| Notes | £ | £ |
| TURNOVER |
| Administrative expenses |
| OPERATING PROFIT | 3 |
| Interest receivable and similar income |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| PET&R LLP (REGISTERED NUMBER: OC362388) |
| Balance Sheet |
| 5th April 2018 |
| 5/4/18 | 5/4/17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
34,919 |
31,603 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
34,919 |
31,603 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 7 | 34,919 | 31,603 |
| 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. |
| PET&R LLP (REGISTERED NUMBER: OC362388) |
| Balance Sheet - continued |
| 5th April 2018 |
| The financial statements were approved by the members of the LLP on |
| PET&R LLP (REGISTERED NUMBER: OC362388) |
| Notes to the Financial Statements |
| for the Year Ended 5th April 2018 |
| 1. | STATUTORY INFORMATION |
| PET&R 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 |
| The financial statements have been prepared under the going concern basis of accounting. |
| 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 |
| Plant and machinery | - |
| Computer equipment | - |
| Taxation |
| Taxation on partnership profits is solely the personal responsibility of individual members. Consequently neither |
| taxation nor related deferred taxation arising in respect of the partnership is accounted for in these financial |
| statements. All distributions made to members are made net of income tax; such amounts retained for members' |
| tax liabilities are paid to HM Revenue and Customs by the partnership, on behalf of the individual members, |
| when this tax falls due. These amounts retained for tax are treated in the financial statements in the same way as |
| other profits of the partnership and so are included in 'Members other interests' or in 'Amounts due to members' |
| depending on whether or not division of profits has occurred. |
| 3. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 5/4/18 | 5/4/17 |
| £ | £ |
| Depreciation - owned assets |
| PET&R LLP (REGISTERED NUMBER: OC362388) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5th April 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 6th April 2017 |
| Additions |
| At 5th April 2018 |
| DEPRECIATION |
| At 6th April 2017 |
| Charge for year |
| At 5th April 2018 |
| NET BOOK VALUE |
| At 5th April 2018 |
| At 5th April 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 5/4/18 | 5/4/17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 5/4/18 | 5/4/17 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| Loans and other debts due to members would rank as unsecured creditors in relation to other creditors. |