REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 20 JULY 2022 TO 31 MARCH 2023 |
FOR |
BRAVE WITHIN LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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: |
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: |
BRAVE WITHIN LLP (REGISTERED NUMBER: OC443208) |
INCOME STATEMENT |
FOR THE PERIOD 20 JULY 2022 TO 31 MARCH 2023 |
Notes | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
BRAVE WITHIN LLP (REGISTERED NUMBER: OC443208) |
BALANCE SHEET |
31 MARCH 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
5. | OPERATING PROFIT |
The operating profit is stated after charging: |
£ |
Depreciation - owned assets |
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 |
At 31 March 2023 |
DEPRECIATION |
Charge for period |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
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. |