Raffingers LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC310176 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

RAFFINGERS LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr L E Manning FCCA

Mr G B Soraff FCCA

Mr A H Moody BA (Hons) FCCA

Mr G P Inglis BA(Hons) FFA

Mr T Sudarshan

Mr A A Coney

Mr P Dell

Raffingers Advisory Limited

Alexander Ash & Co Limited

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

OC310176 (England and Wales)

ACCOUNTANTS:

Raffingers LLP

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Intangible assets

4

449,905

-

Tangible assets

5

21,478

-

471,383

-

CURRENT ASSETS

Debtors

2,181,004

2,490

Cash at bank and in hand

405,135

-

2,586,139

2,490

CREDITORS

Amounts falling due within one year

1,786,176

2,490

NET CURRENT ASSETS

799,963

-

TOTAL ASSETS LESS CURRENT LIABILITIES

1,271,346

-

CREDITORS

Amounts falling due after more than one year

62,683

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,208,663

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

1,208,663

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

1,208,663

-

Amounts due from members

-

(461

)

1,208,663

(461

)

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 December 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 December 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 28 September 2018 and were signed by:

Mr A H Moody BA (Hons) FCCA - Designated member

1.	STATUTORY INFORMATION

Raffingers 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 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.

Goodwill

Goodwill, being the amount paid in connection the purchase of businesses in prior years, is being amortised

evenly over its estimated useful life of 20 years.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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. Contributions payable to the LLP's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 75 (2016 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

457,530

At 31 December 2017

457,530

AMORTISATION

Amortisation for year

7,625

At 31 December 2017

7,625

NET BOOK VALUE

At 31 December 2017

449,905

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

23,618

At 31 December 2017

23,618

DEPRECIATION

Charge for year

2,140

At 31 December 2017

2,140

NET BOOK VALUE

At 31 December 2017

21,478

6.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

721,251

-

Loans

156,633

-

877,884

-