Mitford Fulham LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC327429 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Mitford Fulham LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P I H Pressland

J E Pressland

REGISTERED OFFICE:

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

REGISTERED NUMBER:

OC327429 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

CURRENT ASSETS

Stocks

110,605

110,605

Debtors

4

31

22,935

Cash at bank

8,532

3,900

119,168

137,440

CREDITORS

Amounts falling due within one year

5

14,926

16,589

NET CURRENT ASSETS

104,242

120,851

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

104,242

120,851

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

104,242

124,851

MEMBERS' OTHER INTERESTS

Capital accounts

-

(4,000

)

104,242

120,851

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

104,242

124,851

Members' other interests

-

(4,000

)

104,242

120,851

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 21 December 2018 and were signed by:

J E Pressland - Designated member

1.	STATUTORY INFORMATION

Mitford 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

984

Disposals

(984

)

At 31 March 2018

-

DEPRECIATION

At 1 April 2017

984

Eliminated on disposal

(984

)

At 31 March 2018

-

NET BOOK VALUE

At 31 March 2018

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

31

22,935

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

(1

)

-

Taxation and social security

27

1,016

Other creditors

14,900

15,573

14,926

16,589

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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