Amala Partners LLP

Contents
	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3

Registered number: OC320713

		2018		2017
	Notes	£	£	£	£
CURRENT ASSETS
Debtors		279,279		263,594
Cash at bank and in hand		35,370		219,416

		314,649		483,010
Creditors: Amounts Falling Due Within One Year		(1,548 )		(45,281 )

NET CURRENT ASSETS (LIABILITIES)			313,101		437,729

TOTAL ASSETS LESS CURRENT LIABILITIES			313,101		437,729

NET ASSETS ATTRIBUTABLE TO MEMBERS			313,101		437,729

REPRESENTED BY:
Loans and other debts due to members within one year			-		124,630
Equity
Members' other interests
Members' capital		313,100		313,100
Other reserves		1		(1)

			313,101		313,099

			313,101		437,729

TOTAL MEMBERS' INTEREST
Amounts due from members			(114,885)		(163,757)
Loans and other debts due to members within one year			-		124,630
Members' other interests			313,101		313,099

			198,216		273,972

Page 1

Amala Partners LLP

Abridged Balance Sheet (continued)

As at 31 March 2018

For the year ending 31 March 2018 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLP's subject to the small LLPs regime.)

Member's responsibilities:

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2018 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the members

Mr Ian Simpson

30/07/2018

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in January 2017 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2. Average Number of Employees

Average number of employees, including members, during the year was as follows: 0 (2017 - 7)

3. General Information

Amala Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC320713. The Registered Office is 108 Priory Gardens, Highgate, London, N6 5QT.

Page 3