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REGISTERED NUMBER: OC324908 (England and Wales)












Financial Statements

for the Year Ended 31st March 2023

for

Philip Koomen Furniture LLP

Philip Koomen Furniture LLP (Registered number: OC324908)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Philip Koomen Furniture LLP

General Information
for the Year Ended 31st March 2023







DESIGNATED MEMBERS: P J Koomen
Mrs T E Koomen
J Koomen





REGISTERED OFFICE: Wheelers Barn
Checkenden
Reading
Berkshire
RG8 0NJ





REGISTERED NUMBER: OC324908 (England and Wales)





ACCOUNTANTS: Buffery & Co Ltd
2 West Street
Henley On Thames
Oxfordshire
RG9 2DU

Philip Koomen Furniture LLP (Registered number: OC324908)

Abridged Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 696 1,517

CURRENT ASSETS
Debtors 1,080 5,100
Prepayments and accrued income - 50
Cash at bank and in hand 13,226 21,399
14,306 26,549
CREDITORS
Amounts falling due within one year 1,320 1,350
NET CURRENT ASSETS 12,986 25,199
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 13,682 26,716

LOANS AND OTHER DEBTS DUE TO MEMBERS 5 13,682 26,716

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 13,682 26,716

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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 16th October 2023 and were signed by:





P J Koomen - Designated member

Philip Koomen Furniture LLP (Registered number: OC324908)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Philip Koomen Furniture 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 - 20% on reducing balance
Computer equipment - 33.33% on cost

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2022
and 31st March 2023 7,267
DEPRECIATION
At 1st April 2022 5,750
Charge for year 821
At 31st March 2023 6,571
NET BOOK VALUE
At 31st March 2023 696
At 31st March 2022 1,517

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of liquidation, members rank behind creditors in priority of payment.