REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
FOR |
RAFFINGERS LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
FOR |
RAFFINGERS LLP |
RAFFINGERS LLP (REGISTERED NUMBER: OC310176) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 December 2020 |
Page |
General Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
RAFFINGERS LLP |
GENERAL INFORMATION |
for the year ended 31 December 2020 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
RAFFINGERS LLP (REGISTERED NUMBER: OC310176) |
ABRIDGED BALANCE SHEET |
31 December 2020 |
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,842,931 |
1,553,379 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
1,842,931 |
1,553,379 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 1,842,931 | 1,553,379 |
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. |
RAFFINGERS LLP (REGISTERED NUMBER: OC310176) |
ABRIDGED BALANCE SHEET - continued |
31 December 2020 |
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 and authorised for issue on |
RAFFINGERS LLP (REGISTERED NUMBER: OC310176) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 December 2020 |
1. | STATUTORY INFORMATION |
Raffingers 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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection the purchase of businesses in the current and prior years, is being amortised evenly over its estimated useful life of 10-20 years. |
Tangible fixed assets |
Improvements to property | - |
Fixtures and fittings | - |
Government grants |
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that: |
(a) the entity will comply with the conditions attaching to them; and |
(b) the grants will be received. |
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. |
Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
RAFFINGERS LLP (REGISTERED NUMBER: OC310176) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2020 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2020 |
Additions |
At 31 December 2020 |
AMORTISATION |
At 1 January 2020 |
Amortisation for year |
At 31 December 2020 |
NET BOOK VALUE |
At 31 December 2020 |
At 31 December 2019 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2020 |
and 31 December 2020 |
DEPRECIATION |
At 1 January 2020 |
Charge for year |
At 31 December 2020 |
NET BOOK VALUE |
At 31 December 2020 |
At 31 December 2019 |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
2020 | 2019 |
£ | £ |
Bank overdraft |
Loans | 1,050,883 | 163,095 |
The bank overdraft and loans are secured by a fixed and floating charge over the assets of the LLP. |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members are unsecured. |
RAFFINGERS LLP (REGISTERED NUMBER: OC310176) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2020 |
8. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the company was owed £82,173 (2019 - £69,224) by Raffingers Probate Limited, a company with common members/directors. |