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REGISTERED NUMBER: OC443208 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 20 JULY 2022 TO 31 MARCH 2023

FOR

BRAVE WITHIN LLP

BRAVE WITHIN LLP (REGISTERED NUMBER: OC443208)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 20 JULY 2022 TO 31 MARCH 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


BRAVE WITHIN LLP

GENERAL INFORMATION
FOR THE PERIOD 20 JULY 2022 TO 31 MARCH 2023







DESIGNATED MEMBERS: Mrs C T Stephenson
Mrs C S Clarke





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
United Kingdom
SL7 3HN





REGISTERED NUMBER: OC443208 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

BRAVE WITHIN LLP (REGISTERED NUMBER: OC443208)

REPORT OF THE MEMBERS
FOR THE PERIOD 20 JULY 2022 TO 31 MARCH 2023

The members present their report with the financial statements of the LLP for the period 20 July 2022 to 31 March 2023.

INCORPORATION
The LLP was incorporated on 20 July 2022 and commenced trading on 1 September 2022.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of management consultancy.

DESIGNATED MEMBERS
The designated members during the period under review were:

Mrs C T Stephenson
Mrs C S Clarke

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £131,506.

MEMBERS' INTERESTS
The capital will be contributed by and belongs to the members. All annual profits are fully allocated to the Members. Drawing are made in accordance with the partnership agreement. No member has agreed with the other Members or the LLP that they shall in the event of a winding up contribute in any way to the assets of the LLP.

ON BEHALF OF THE MEMBERS:





Mrs C S Clarke - Designated member


23 October 2023

BRAVE WITHIN LLP (REGISTERED NUMBER: OC443208)

INCOME STATEMENT
FOR THE PERIOD 20 JULY 2022 TO 31 MARCH 2023

Notes £   

TURNOVER 262,752

Cost of sales 67,288
GROSS PROFIT 195,464

Administrative expenses 63,958
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




131,506

BRAVE WITHIN LLP (REGISTERED NUMBER: OC443208)

BALANCE SHEET
31 MARCH 2023

Notes £    £   
FIXED ASSETS
Tangible assets 6 656

CURRENT ASSETS
Debtors 7 105,753
Cash at bank 62,538
168,291
CREDITORS
Amounts falling due within one year 8 76,599
NET CURRENT ASSETS 91,692
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 92,348

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

92,348

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 92,348

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 period 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.

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

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




Mrs C S Clarke - Designated member




Mrs C T Stephenson - Designated member


BRAVE WITHIN LLP (REGISTERED NUMBER: OC443208)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 20 JULY 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Brave Within 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. 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.

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.

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.

4. EMPLOYEE INFORMATION

The average number of employees during the period was 1 .

5. OPERATING PROFIT

The operating profit is stated after charging:

£   
Depreciation - owned assets 60

BRAVE WITHIN LLP (REGISTERED NUMBER: OC443208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 JULY 2022 TO 31 MARCH 2023

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 716
At 31 March 2023 716
DEPRECIATION
Charge for period 60
At 31 March 2023 60
NET BOOK VALUE
At 31 March 2023 656

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 79,860
Other debtors 25,893
105,753

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 48,359
Taxation and social security 24,133
Other creditors 4,107
76,599

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, distribution of the assets available would be firstly to the creditors of the LLP and then secondly to the members in accordance with their respective entitlements.