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REGISTERED NUMBER: OC362797 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SOMERS BAKER PRINCE KURZ LLP

SOMERS BAKER PRINCE KURZ LLP (REGISTERED NUMBER: OC362797)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOMERS BAKER PRINCE KURZ LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: Dorabess Limited
DJ Gass Ltd





REGISTERED OFFICE: Chancellors House
3 Brampton Lane
Hendon
NW4 4AB





REGISTERED NUMBER: OC362797 (England and Wales)





ACCOUNTANTS: Somers Baker Prince Kurz LLP
Chartered Accountants
Chancellors House
3 Brampton Lane
Hendon
London
NW4 4AB

SOMERS BAKER PRINCE KURZ LLP (REGISTERED NUMBER: OC362797)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,333 5,743

CURRENT ASSETS
Work in progress 30,827 61,207
Debtors 5 667,717 758,727
Cash at bank 33,511 46,440
732,055 866,374
CREDITORS
Amounts falling due within one year 6 307,831 202,858
NET CURRENT ASSETS 424,224 663,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,557

669,259

CREDITORS
Amounts falling due after more than one
year

7

188,153

33,333
NET ASSETS ATTRIBUTABLE TO
MEMBERS

240,404

635,926

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

190,404

585,926

MEMBERS' OTHER INTERESTS
Capital accounts 50,000 50,000
240,404 635,926

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 190,404 585,926
Members' other interests 50,000 50,000
240,404 635,926

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 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.

SOMERS BAKER PRINCE KURZ LLP (REGISTERED NUMBER: OC362797)

BALANCE SHEET - continued
31 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 17 October 2023 and were signed by:




Dorabess Limited - Designated member




DJ Gass Ltd - Designated member


SOMERS BAKER PRINCE KURZ LLP (REGISTERED NUMBER: OC362797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Somers Baker Prince Kurz 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 - 25% on reducing balance

Work in progress
Work in progress is valued at net realisable value.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 20,081
Additions 221
At 31 March 2023 20,302
DEPRECIATION
At 1 April 2022 14,338
Charge for year 1,631
At 31 March 2023 15,969
NET BOOK VALUE
At 31 March 2023 4,333
At 31 March 2022 5,743

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 104,530 103,825
Amounts owed by participating interests 448,636 448,636
Amounts owed by associates 66,000 176,705
Other debtors 48,551 29,561
667,717 758,727

SOMERS BAKER PRINCE KURZ LLP (REGISTERED NUMBER: OC362797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Amount due to former partners 180,000 -
Trade creditors 55,748 168,996
Taxation and social security 30,378 -
Other creditors 31,705 23,862
307,831 202,858

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 23,333 33,333
Amount due to former partners 164,820 -
188,153 33,333

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 190,404 585,926

Falling due within one year 190,404 585,926

Loans and other debts are payable to members after settling all liabilities to third parties.