10 Ant (Fulham) LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC312565 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

10 Ant (Fulham) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P I H Pressland

T Henwood

REGISTERED OFFICE:

14 Church Street

Whitchurch

Basingstoke

Hampshire

RG28 7AB

REGISTERED NUMBER:

OC312565 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

FIXED ASSETS

Tangible assets

3

20,000

325,000

CURRENT ASSETS

Debtors

39,473

46,544

Cash at bank

2,671

1

42,144

46,545

CREDITORS

Amounts falling due within one year

4

960

5,791

NET CURRENT ASSETS

41,184

40,754

TOTAL ASSETS LESS CURRENT LIABILITIES

61,184

365,754

CREDITORS

Amounts falling due after more than one year

5

-

72,796

NET ASSETS ATTRIBUTABLE TO MEMBERS

61,184

292,958

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

45,522

38,450

MEMBERS' OTHER INTERESTS

Revaluation reserve

7

15,662

254,508

61,184

292,958

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

45,522

38,450

Members' other interests

15,662

254,508

Amounts due from members

(39,473

)

(46,544

)

21,711

246,414

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 2018.

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 16 October 2018 and were signed by:

P I H Pressland - Designated member

1.	STATUTORY INFORMATION

10 Ant (Fulham) 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 as modified by the revaluation of certain assets.

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.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2017

325,000

4,682

329,682

Disposals

(66,154

)

(4,682

)

(70,836

)

Revaluations

(238,846

)

-

(238,846

)

At 31 March 2018

20,000

-

20,000

DEPRECIATION

At 1 April 2017

-

4,682

4,682

Eliminated on disposal

-

(4,682

)

(4,682

)

At 31 March 2018

-

-

-

NET BOOK VALUE

At 31 March 2018

20,000

-

20,000

At 31 March 2017

325,000

-

325,000

Cost or valuation at 31 March 2018 is represented by:

Land and

buildings

£

Valuation in 2017

254,508

Valuation in 2018

(234,508

)

20,000

If freehold property had not been revalued it would have been included at the following historical cost:

2018

2017

£

£

Cost

4,338

70,492

Value of land in freehold land and buildings

20,000

325,000

Freehold property was valued on an open market basis on 25 April 2017 by the partners .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

4,831

Other creditors

960

960

960

5,791

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

-

72,796

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

All other creditors would take priority over any loans and other debts due to members.

7.

RESERVES

Revaluation

reserve

£

At 1 April 2017

254,508

No description

(238,846

)

At 31 March 2018

15,662