Registered number
OC441238
RBP Assoc. UK LLP
Filleted Accounts
31 March 2023
RBP Assoc. UK LLP
Registered number: OC441238
Balance Sheet
as at 31 March 2023
Notes 2023
£
Current assets
Cash at bank and in hand 130,798
Net current assets 130,798
Total assets less current liabilities 130,798
Net assets attributable to members 130,798
Represented by:
Loans and other debts due to members 3 (282,850)
Members' other interests
Other reserves 413,648
130,798
Total members' interests
Loans and other debts due to members 3 (282,850)
Members' other interests 413,648
130,798
For the period ended 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 6 September 2023 and signed on their behalf by:
M Branley
Designated member
RBP Assoc. UK LLP
Notes to the Accounts
for the period from 1 March 2022 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the LLP 0
3 Loans and other debts due to members 2023
£
Amounts due to members in respect of profits (282,850)
Amounts falling due within one year (282,850)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
4 Other information
RBP Assoc. UK LLP is a limited liability partnership incorporated in England. Its registered office is:
74 Taybridge Road
London
SW11 5PT
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