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

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


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REGISTERED NUMBER: OC314414(England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2018

for

10 Ant Trust LLP

10 Ant Trust LLP (Registered number: OC314414)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


10 Ant Trust LLP

General Information
for the Year Ended 31 March 2018







DESIGNATED MEMBERS: P I H Pressland
J E Pressland





REGISTERED OFFICE: 14 Church Street
Whitchurch
Hampshire
RG28 7AB





REGISTERED NUMBER: OC314414(England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

10 Ant Trust LLP (Registered number: OC314414)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 4,220,000 5,502,000

CURRENT ASSETS
Debtors 4 19,173 45,909
Cash at bank 148,473 67,223
167,646 113,132
CREDITORS
Amounts falling due within one year 5 1,502,014 996,982
NET CURRENT LIABILITIES (1,334,368 ) (883,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,885,632

4,618,150

CREDITORS
Amounts falling due after more than one
year

6

1,424,290

2,867,914
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,461,342

1,750,236

10 Ant Trust LLP (Registered number: OC314414)

Balance Sheet - continued
31 March 2018

2018 2017
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

546,622

87,489

MEMBERS' OTHER INTERESTS
Capital accounts 16,395 36,724
Revaluation reserve 8 1,626,023 1,626,023
Fair value reserve 8 (727,698 ) -
1,461,342 1,750,236

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 546,622 87,489
Members' other interests 914,720 1,662,747
Amounts due from members 4 - (27,539 )
1,461,342 1,722,697

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 July 2018and were signed by:





J E Pressland- Designated member

10 Ant Trust LLP (Registered number: OC314414)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

10 Ant Trust 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.

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.

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2017 5,502,000 1,326 5,503,326
Disposals (554,302 ) (1,326 ) (555,628 )
Revaluations (727,698 ) - (727,698 )
At 31 March 2018 4,220,000 - 4,220,000
DEPRECIATION
At 1 April 2017 - 1,326 1,326
Eliminated on disposal - (1,326 ) (1,326 )
At 31 March 2018 - - -
NET BOOK VALUE
At 31 March 2018 4,220,000 - 4,220,000
At 31 March 2017 5,502,000 - 5,502,000

10 Ant Trust LLP (Registered number: OC314414)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2018 is represented by:

Land and
buildings
£   
Valuation in 2017 1,626,023
Valuation in 2018 (1,282,000 )
344,023

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

2018 2017
£    £   
Cost 3,875,977 3,875,977

Freehold property were valued on an open market basis on 30 November 2017 by the partners .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts due from members - 27,539
Other debtors 19,173 18,370
19,173 45,909

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 1,458,000 943,013
VAT 8,161 3,101
Other creditors 35,228 41,743
Accruals and deferred income 625 9,125
1,502,014 996,982

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans - 2-5 years 1,424,290 2,867,914

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

10 Ant Trust LLP (Registered number: OC314414)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 1 April 2017 1,626,023 - 1,626,023
Freehold property - (727,698 ) (727,698 )
At 31 March 2018 1,626,023 (727,698 ) 898,325