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REGISTERED NUMBER: OC420495 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2023

FOR

ARTHUR MARSHALL COFFEE LLP

ARTHUR MARSHALL COFFEE LLP (REGISTERED NUMBER: OC420495)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


ARTHUR MARSHALL COFFEE LLP (REGISTERED NUMBER: OC420495)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 620 2,170

CURRENT ASSETS
Stocks 2,600 2,500
Debtors 6 101,723 79,277
Cash at bank - 6,254
104,323 88,031
CREDITORS
Amounts falling due within one year 7 23,583 7,175
NET CURRENT ASSETS 80,740 80,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,360

83,026

CREDITORS
Amounts falling due after more than one
year

8

-

1,666
NET ASSETS ATTRIBUTABLE TO
MEMBERS

81,360

81,360

ARTHUR MARSHALL COFFEE LLP (REGISTERED NUMBER: OC420495)

BALANCE SHEET - continued
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

92,867

92,867

MEMBERS' OTHER INTERESTS
Capital accounts (11,507 ) (11,507 )
81,360 81,360

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 92,867 92,867
Members' other interests (11,507 ) (11,507 )
Amounts due from members 6 (101,723 ) (77,501 )
(20,363 ) 3,859

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 January 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 October 2023 and were signed by:



J S Marshall - Designated member

ARTHUR MARSHALL COFFEE LLP (REGISTERED NUMBER: OC420495)

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


1. STATUTORY INFORMATION

Arthur Marshall Coffee LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC420495

Registered office: Delamere London Road
Dunton Green
Sevenoaks
Kent
TN13 2TQ

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on cost

All assets are initially recorded at cost.

Government grants
The entity has adopted the use of the accruals model in respect of grants received.

Any grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in ‘Other income’, in the period to which it relates.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ARTHUR MARSHALL COFFEE LLP (REGISTERED NUMBER: OC420495)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

ARTHUR MARSHALL COFFEE LLP (REGISTERED NUMBER: OC420495)

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


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

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.

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.

Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 February 2022
and 31 January 2023 7,750
DEPRECIATION
At 1 February 2022 5,580
Charge for year 1,550
At 31 January 2023 7,130
NET BOOK VALUE
At 31 January 2023 620
At 31 January 2022 2,170

ARTHUR MARSHALL COFFEE LLP (REGISTERED NUMBER: OC420495)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2022
and 31 January 2023 7,750
DEPRECIATION
At 1 February 2022 5,580
Charge for year 1,550
At 31 January 2023 7,130
NET BOOK VALUE
At 31 January 2023 620
At 31 January 2022 2,170

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts due from members 101,723 77,501
Other debtors - 1,776
101,723 79,277

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 781 -
Hire purchase contracts (see note 9) 1,291 2,183
PAYE and social security - 589
VAT 17,406 4,278
Other creditors 117 125
Accruals and deferred income 3,988 -
23,583 7,175

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) - 1,666

ARTHUR MARSHALL COFFEE LLP (REGISTERED NUMBER: OC420495)

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


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 1,291 2,183
Between one and five years - 1,666
1,291 3,849

Non-cancellable operating leases
2023 2022
£    £   
Within one year 15,000 -
Between one and five years 15,000 -
30,000 -

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Loans from members 92,867 92,867

Falling due within one year 92,867 92,867

Loans and other debts due to members rank equally with debts due to ordinary creditors in a
winding up.

11. RELATED PARTY DISCLOSURES

During the year the partnership made a payment of £2,424, in the normal course of business, for goods supplied by Delamere Bespoke Interiors Ltd, whose directors are members of the LLP