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REGISTERED NUMBER: SO304039 (Scotland)


















Unaudited Financial Statements

for the Year Ended 31 August 2017

for

Newgate Bar LLP

Newgate Bar LLP (Registered number: SO304039)






Contents of the Financial Statements
for the Year Ended 31 August 2017




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newgate Bar LLP

General Information
for the Year Ended 31 August 2017







DESIGNATED MEMBERS: E C Soutar
Mrs S Swan





REGISTERED OFFICE: Chapelshade House
78-84 Bell Street
Dundee
DD1 1HN





REGISTERED NUMBER: SO304039 (Scotland)





ACCOUNTANTS: MMG Archbold
Chartered Accountants
Chapelshade House
78-84 Bell Street
Dundee
DD1 1RQ

Newgate Bar LLP (Registered number: SO304039)

Balance Sheet
31 August 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,047 143,868

CURRENT ASSETS
Stocks 5,300 5,300
Debtors 5 760 652
Cash at bank and in hand 5,544 10,953
11,604 16,905
CREDITORS
Amounts falling due within one year 6 11,990 14,763
NET CURRENT (LIABILITIES)/ASSETS (386 ) 2,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,661

146,010

CREDITORS
Amounts falling due after more than one
year

7

37,922

41,408
NET ASSETS ATTRIBUTABLE TO
MEMBERS

100,739

104,602

LOANS AND OTHER DEBTS DUE TO
MEMBERS

100,739

104,602

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 100,739 104,602

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 August 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.

Newgate Bar LLP (Registered number: SO304039)

Balance Sheet - continued
31 August 2017


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 15 May 2018 and were signed by:





E C Soutar - Designated member

Newgate Bar LLP (Registered number: SO304039)

Notes to the Financial Statements
for the Year Ended 31 August 2017

1. STATUTORY INFORMATION

Newgate Bar LLP is registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 10 .

Newgate Bar LLP (Registered number: SO304039)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 September 2016
and 31 August 2017 114,155 34,499 10,949 4,232 163,835
DEPRECIATION
At 1 September 2016 - 11,641 5,911 2,415 19,967
Charge for year - 3,450 1,007 364 4,821
At 31 August 2017 - 15,091 6,918 2,779 24,788
NET BOOK VALUE
At 31 August 2017 114,155 19,408 4,031 1,453 139,047
At 31 August 2016 114,155 22,858 5,038 1,817 143,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 760 652

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 5,224 5,282
Trade creditors 2,257 2,918
Taxation and social security 3,015 3,876
Other creditors 1,494 2,687
11,990 14,763

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Other creditors 37,922 41,408

8. FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention
and in accordance with the Financial Reporting Standards for Smaller Entities (effective from 1st January2015)
as at 31st August 2017.