Chancery Financial Planning LLP - Accounts to registrar (filleted) - small 18.2

Chancery Financial Planning LLP - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: OC388382(England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

CHANCERY FINANCIAL PLANNING LLP

CHANCERY FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC388382)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

CHANCERY FINANCIAL PLANNING LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 APRIL 2018







DESIGNATED MEMBERS: D Pelster
Mrs F Connelly





REGISTERED OFFICE: Sicilian House
Sicilian Avenue
London
WC1A 2QR





REGISTERED NUMBER: OC388382(England and Wales)





ACCOUNTANTS: Robert A. Price F. C. C. A.
39 Etchingham Park Road
Finchley
London
N3 2DU

CHANCERY FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC388382)

BALANCE SHEET
30 APRIL 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,433 5,375

CURRENT ASSETS
Debtors 5 31,703 36,358
Cash at bank 194,843 85,668
226,546 122,026
CREDITORS
Amounts falling due within one year 6 34,379 38,741
NET CURRENT ASSETS 192,167 83,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

220,600

88,660

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

210,600

78,660

MEMBERS' OTHER INTERESTS
Capital accounts 10,000 10,000
220,600 88,660

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 210,600 78,660
Members' other interests 10,000 10,000
220,600 88,660

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 30 April 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.

CHANCERY FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC388382)

BALANCE SHEET - continued
30 APRIL 2018


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 8 January 2019and were signed by:





D Pelster- Designated member

CHANCERY FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC388382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

1. STATUTORY INFORMATION

Chancery Financial Planning 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.

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 cost

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 NIL (2017 - 9 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2017 85,094
Additions 34,737
At 30 April 2018 119,831
DEPRECIATION
At 1 May 2017 79,719
Charge for year 11,679
At 30 April 2018 91,398
NET BOOK VALUE
At 30 April 2018 28,433
At 30 April 2017 5,375

CHANCERY FINANCIAL PLANNING LLP (REGISTERED NUMBER: OC388382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 21,039 23,172
Other debtors 10,664 13,186
31,703 36,358

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 19,335 23,600
Other creditors 15,044 15,141
34,379 38,741

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and Other Debts Due to Members rank for repayment after other creditors

CHANCERY FINANCIAL PLANNING LLP

REPORT OF THE ACCOUNTANTS TO THE MEMBERS OF
CHANCERY FINANCIAL PLANNING LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual
unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2018 set out on pages three to seven and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Robert A. Price F. C. C. A.
39 Etchingham Park Road
Finchley
London
N3 2DU


Date: .............................................