REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2017 |
for |
Plasgen LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2017 |
for |
Plasgen LLP |
Plasgen LLP (Registered number: OC323974) |
Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Plasgen LLP |
General Information |
for the Year Ended 31 December 2017 |
DESIGNATED MEMBERS: |
Fundpharma Limited |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Plasgen LLP (Registered number: OC323974) |
Statement of Financial Position |
31 December 2017 |
31.12.17 | 31.12.16 |
Notes | € | € | € | € |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Inventories |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
5,593,045 |
6,026,871 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
5,593,045 |
6,026,871 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
7 |
5,593,045 |
6,026,871 |
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. |
Plasgen LLP (Registered number: OC323974) |
Statement of Financial Position - continued |
31 December 2017 |
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 were signed by: |
Plasgen LLP (Registered number: OC323974) |
Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
1. | STATUTORY INFORMATION |
Plasgen 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 |
Significant judgements and estimates |
In the preparation of the financial statements, management has made no judgements, |
estimates and assumptions that affect the amounts reported for assets and liabilities as at |
the balance sheet date and the amounts reported for revenues and expenses during the |
year. |
Changes in accounting policies |
The LLP has changed its reporting currency from Swiss Francs to Euros. This was done in |
order to make the reporting currency same as the functional currency of the LLP. The |
comparatives have been restated accordingly. |
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. |
Work in progress |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and |
handling costs in bringing inventories to their present location and condition. |
Plasgen LLP (Registered number: OC323974) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
Financial assets and financial liabilities are recognised in the Company's statement of |
financial position when the Company becomes a party to the contractual provisions of the |
instrument. |
Financial assets and financial liabilities are initially measured at transaction price. |
Transaction costs that are directly attributable to the acquisition or issue of financial assets |
and financial liabilities (other than financial assets and financial liabilities at fair value through |
profit or loss) are added to or deducted from the transaction price of the financial assets or |
financial liabilities, as appropriate, on initial recognition. Transaction costs directly |
attributable to the acquisition of financial assets or financial liabilities at fair value through |
profit or loss are recognised immediately in profit or loss. |
Trade and other receivables are initially measured at transaction price and are subsequently |
measured at amortised cost, using the effective interest rate method. |
For the purpose of the statement of cash flows, cash and cash equivalents comprise cash at |
bank. |
Trade and other payables are initially measured at transaction price and are subsequently |
measured at amortised cost, using the effective interest rate method. |
Patents & license |
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write |
off the cost in equal annual instalments over their estimated lives of 20 years. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2016 - NIL). |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
€ |
COST |
At 1 January 2017 |
and 31 December 2017 |
AMORTISATION |
At 1 January 2017 |
Charge for year |
At 31 December 2017 |
NET BOOK VALUE |
At 31 December 2017 |
At 31 December 2016 |
Plasgen LLP (Registered number: OC323974) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
€ | € |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
€ | € |
Trade creditors |
Other creditors |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Capital, loans and other debts due to members rank behind creditors in the event of winding |
up. |