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REGISTERED NUMBER: OC400290 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

Y.PHILLIPS LLP

Y.PHILLIPS LLP (REGISTERED NUMBER: OC400290)






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


Y.PHILLIPS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DESIGNATED MEMBERS: Y Phillips
J B Phillips





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: OC400290 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

Y.PHILLIPS LLP (REGISTERED NUMBER: OC400290)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 392 492
Tangible assets 5 4,429 4,786
4,821 5,278

CURRENT ASSETS
Stocks 264 -
Debtors 6 59 537
Cash at bank 7,787 8,865
8,110 9,402
CREDITORS
Amounts falling due within one year 7 10,704 13,740
NET CURRENT LIABILITIES (2,594 ) (4,338 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,227

940

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

2,227

940

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 2,227 940

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.

Y.PHILLIPS LLP (REGISTERED NUMBER: OC400290)

BALANCE SHEET - continued
31 MARCH 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 13 November 2018 and were signed
by:





Y Phillips - Designated member

Y.PHILLIPS LLP (REGISTERED NUMBER: OC400290)

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

1. STATUTORY INFORMATION

Y.Phillips 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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

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. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2017 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 500
AMORTISATION
At 1 April 2017 8
Charge for year 100
At 31 March 2018 108
NET BOOK VALUE
At 31 March 2018 392
At 31 March 2017 492

Y.PHILLIPS LLP (REGISTERED NUMBER: OC400290)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 6,403
Additions 1,262
At 31 March 2018 7,665
DEPRECIATION
At 1 April 2017 1,617
Charge for year 1,619
At 31 March 2018 3,236
NET BOOK VALUE
At 31 March 2018 4,429
At 31 March 2017 4,786

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 59 537

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other creditors 10,704 13,740

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2018 2017
£    £   
Amounts owed to members in respect of profits 2,227 940

Falling due within one year 2,227 940

Amounts due to members rank equally alongside the other unsecured creditors.