REGISTERED NUMBER: OC356572 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

OYSTER CIRCUS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P Dallee

Ms Y Kasagawa

REGISTERED OFFICE:

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

REGISTERED NUMBER:

OC356572 (England and Wales)

ACCOUNTANTS:

Edwards Chartered Accountants

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

FIXED ASSETS

Intangible assets

4

-

17,410

Tangible assets

5

2,211

205,679

2,211

223,089

CURRENT ASSETS

Stocks

-

1,690

Debtors

6

842,105

703,046

Cash at bank

126,213

8,148

968,318

712,884

CREDITORS

Amounts falling due within one year

7

5,721

29,374

NET CURRENT ASSETS

962,597

683,510

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

964,808

906,599

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

964,808

906,599

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

964,808

906,599

Amounts due from members

6

(835,973

)

(681,498

)

128,835

225,101

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 July 2017.

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.

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 2017 and were signed by:

P Dallee - Designated member

1.	STATUTORY INFORMATION

Oyster Circus 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of thirteen years.

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.

Short leasehold

-

in accordance with the property

Fixtures and fittings

-

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 4 (2016 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

25,000

Disposals

(25,000

)

At 31 July 2017

-

AMORTISATION

At 1 August 2016

7,590

Eliminated on disposal

(7,590

)

At 31 July 2017

-

NET BOOK VALUE

At 31 July 2017

-

At 31 July 2016

17,410

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 August 2016

236,343

106,477

342,820

Additions

-

3,388

3,388

Disposals

(236,343

)

(107,626

)

(343,969

)

At 31 July 2017

-

2,239

2,239

DEPRECIATION

At 1 August 2016

67,104

70,037

137,141

Charge for year

-

28

28

Eliminated on disposal

(67,104

)

(70,037

)

(137,141

)

At 31 July 2017

-

28

28

NET BOOK VALUE

At 31 July 2017

-

2,211

2,211

At 31 July 2016

169,239

36,440

205,679

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

842,105

703,046

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

4,871

17,786

Taxation and social security

-

7,619

Other creditors

850

3,969

5,721

29,374

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after other creditors.