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

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

KALISTAR LLP - Company Information

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REGISTERED NUMBER: OC313116 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

KALISTAR LLP
THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ








KALISTAR LLP (REGISTERED NUMBER: OC313116)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KALISTAR LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DESIGNATED MEMBERS: S E H Nutley
W R Farmer





REGISTERED OFFICE: 24 High Street
Saffron Walden
Essex
CB10 1AX





REGISTERED NUMBER: OC313116 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ
Page 1
KALISTAR LLP (REGISTERED NUMBER: OC313116)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investment properties 3 515,000 -

CURRENT ASSETS
Stocks 4 - 473,000
Debtors 5 700 950
Cash at bank 1,843 1,721
2,543 475,671
CREDITORS
Amounts falling due within one year 6 22,487 18,788
NET CURRENT (LIABILITIES)/ASSETS (19,944 ) 456,883
TOTAL ASSETS LESS CURRENT
LIABILITIES
495,056
456,883

CREDITORS
Amounts falling due after more than one
year
7
152,085
173,763
NET ASSETS ATTRIBUTABLE TO
MEMBERS
342,971
283,120

LOANS AND OTHER DEBTS DUE TO
MEMBERS
9
342,971
283,120

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 342,971 283,120

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 19 December 2018 and were signed by:




S E H Nutley - Designated member



W R Farmer - Designated member


The notes form part of these financial statements

Page 2
KALISTAR LLP (REGISTERED NUMBER: OC313116)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Kalistar 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.

Revenue recognition
Revenue represents net invoiced sales of properties and rents receivable.

Investment properties
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in income statement.

Stocks
Stock of property is valued at the lower of cost and net realisable value.

3. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
Transfer of property stock 515,000
At 31 March 2018 515,000
NET BOOK VALUE
At 31 March 2018 515,000

Investment properties were valued on an open market basis on 31 March 2018 by the members.

4. STOCKS
2018 2017
£    £   
Stocks - 473,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 700 700
Other debtors - 250
700 950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 18,163 14,555
Other creditors 4,324 4,233
22,487 18,788

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans 152,085 173,763

Page 3 continued...
KALISTAR LLP (REGISTERED NUMBER: OC313116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 170,248 188,318

National Westminster Bank plc hold security over all property owned by the LLP.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are ranked after other creditors.

Page 4