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REGISTERED NUMBER: OC347982 (England and Wales)


















Financial Statements for the Year Ended 31 March 2018

for

LXL LLP

LXL LLP (REGISTERED NUMBER: OC347982)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LXL LLP

General Information
for the Year Ended 31 March 2018







DESIGNATED MEMBERS: A M Jones
L J M Jones
A Ridha
T Marcovici





REGISTERED OFFICE: 1 Blake Mews
Kew
Richmond
Surrey
TW9 3GA





REGISTERED NUMBER: OC347982 (England and Wales)





ACCOUNTANTS: BDA Associates Limited
Chartered Accountants
Annecy Court
Ferry Works
Summer Road
Thames Ditton
Surrey
KT7 0QJ

LXL LLP (REGISTERED NUMBER: OC347982)

Statement of Financial Position
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,125 28,431

CURRENT ASSETS
Debtors 5 787,677 571,069
Cash at bank 246,021 209,927
1,033,698 780,996
CREDITORS
Amounts falling due within one year 6 300,553 226,811
NET CURRENT ASSETS 733,145 554,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

756,270

582,616

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

756,270

582,616

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 756,270 582,616

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.

LXL LLP (REGISTERED NUMBER: OC347982)

Statement of Financial Position - 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 31 October 2018 and were signed by:





A M Jones - Designated member

LXL LLP (REGISTERED NUMBER: OC347982)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

LXL 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 represents net invoiced sales of services, excluding value added tax, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the
operating result.

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 1 (2017 - 1 ) .

LXL LLP (REGISTERED NUMBER: OC347982)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2017 103,403 55,924 159,327
Additions - 1,838 1,838
Disposals - (26,545 ) (26,545 )
At 31 March 2018 103,403 31,217 134,620
DEPRECIATION
At 1 April 2017 77,788 53,108 130,896
Charge for year 5,123 2,021 7,144
Eliminated on disposal - (26,545 ) (26,545 )
At 31 March 2018 82,911 28,584 111,495
NET BOOK VALUE
At 31 March 2018 20,492 2,633 23,125
At 31 March 2017 25,615 2,816 28,431

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 684,456 421,756
Amounts recoverable on contract 77,637 103,732
Other debtors 25,584 45,581
787,677 571,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 262,519 133,138
Taxation and social security 10,187 11,162
Other creditors 27,847 82,511
300,553 226,811

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.