Company No:
Contents
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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7,609 | 33,588 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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275,888 | 140,112 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (142,812) | (174,088) | ||
Total assets less current liabilities | (135,203) | (140,500) | ||
Creditors: amounts falling due after more than one year | 6 | (
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Net liabilities attributable to members | (
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Represented by | ||||
Loans and other debts due to members within one year | ||||
Other amounts | (442,386) | (468,992) | ||
(442,386) | (468,992) | |||
Members' other interests | ||||
Other reserves | 282,946 | 294,075 | ||
282,946 | 294,075 | |||
(159,440) | (174,917) | |||
Total members' interests | ||||
Loans and other debts due to members | (442,386) | (468,992) | ||
Members' other interests | 282,946 | 294,075 | ||
(159,440) | (174,917) |
Members' responsibilities:
The financial statements of Stevens Partners LLP (registered number:
S T Freeman
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Stevens Partners LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Unit Q2 The Quadrant Distribution Centre, Quadrant Way, Hardwicke, Gloucester, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Vehicles |
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Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the LLP during the year |
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Vehicles | Total | ||
£ | £ | ||
Cost | |||
At 01 April 2022 |
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Disposals | (
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At 31 March 2023 |
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Accumulated depreciation | |||
At 01 April 2022 |
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Charge for the financial year |
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Disposals | (
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At 31 March 2023 |
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Net book value | |||
At 31 March 2023 |
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At 31 March 2022 |
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2023 | 2022 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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2023 | 2022 | ||
£ | £ | ||
Bank loans |
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Trade creditors |
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Other taxation and social security |
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Other creditors |
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£ | £ | ||
Bank loans |
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During the year the LLP received net management charges of £nil (2022: £125,000) from entities controlled by the members. The LLP also maintains interest free loan accounts which are unsecured and repayable on demand to such entities.