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REGISTERED NUMBER: OC436840 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

SNELL BROS SURFBOARDS LLP

SNELL BROS SURFBOARDS LLP (REGISTERED NUMBER: OC436840)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SNELL BROS SURFBOARDS LLP

GENERAL INFORMATION
For The Year Ended 31st March 2023







DESIGNATED MEMBERS: BK Snell
SA Snell





REGISTERED OFFICE: 20 Meadow Way
Westergate
Chichester
West Sussex
PO20 3QT





REGISTERED NUMBER: OC436840 (England and Wales)





ACCOUNTANTS: PKR Accounting Techniques
20 Meadow Way
Westergate
Chichester
West Sussex
PO20 3QT

SNELL BROS SURFBOARDS LLP (REGISTERED NUMBER: OC436840)

BALANCE SHEET
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,100 -

CURRENT ASSETS
Stocks 28,968 -
Debtors 5 10,000 -
Cash at bank 26,843 -
65,811 -
CREDITORS
Amounts falling due within one year 6 569 -
NET CURRENT ASSETS 65,242 -
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

70,342

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

70,342

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 70,342 -

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 31st March 2023.

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.

SNELL BROS SURFBOARDS LLP (REGISTERED NUMBER: OC436840)

BALANCE SHEET - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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 and authorised for issue on 4th October 2023 and were signed by:





BK Snell - Designated member

SNELL BROS SURFBOARDS LLP (REGISTERED NUMBER: OC436840)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st March 2023

1. STATUTORY INFORMATION

Snell Bros Surfboards 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

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 2 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 6,000
At 31st March 2023 6,000
DEPRECIATION
Charge for year 900
At 31st March 2023 900
NET BOOK VALUE
At 31st March 2023 5,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 10,000 -

SNELL BROS SURFBOARDS LLP (REGISTERED NUMBER: OC436840)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 156 -
Other creditors 413 -
569 -

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Capital introduced from the two members represents the introduction of their previous partnership. This would rank after all other creditors.