Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC371813 2022-01-31 OC371813 2022-02-01 2023-01-31 OC371813 2021-02-01 2022-01-31 OC371813 2023-01-31 OC371813 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 OC371813 c:AbridgedAccounts 2022-02-01 2023-01-31 OC371813 c:LimitedLiabilityPartnershipLLP 2022-02-01 2023-01-31 OC371813 c:PartnerLLP1 2022-02-01 2023-01-31 OC371813 c:Micro-entities 2022-02-01 2023-01-31 xbrli:pure

Registered number: OC371813









RICEES LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
RICEES LLP
REGISTERED NUMBER: OC371813

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
203
501

  
203
501

Current assets
  

Stocks
  
79,585
63,367

Debtors
  
58,417
52,794

Cash at bank and in hand
  
35,337
8,475

  
173,339
124,636

Creditors: amounts falling due within one year
  
(105,454)
(67,881)

Net current assets
  
 
 
67,885
 
 
56,755

Total assets less current liabilities
  
68,088
57,256

Net assets
  
68,088
57,256


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 2 
19,416
63,497

  
19,416
63,497

Members' other interests
  

Other reserves classified as equity
  
48,672
(6,241)

  
 
48,672
 
(6,241)

  
68,088
57,256


Notes


General information

Ricees LLP is a limited liability partnership registered in England and Wales, registration number OC371813. Its registered office is 195 Abbots Road, Abbots Langley, Hertfordshire WD5 0BN.
As with most businesses we have been impacted by the Coronavirus (Covid 19). This has had an impact on our operations, customers, suppliers and staff. Whilst we have not utilised any grants or benefits available from the Government, we are taking all the steps we can to protect the future of our business. Although the total impact is still uncertain, the directors believe that the pandemic will not have a significant effect on the long-term future of the business.


Page 1

 
RICEES LLP
REGISTERED NUMBER: OC371813
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

Average number of employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 20 October 2023.




D P Parsons
Designated member

The notes on page 5 form part of these financial statements.

Ricees LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
RICEES LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 JANUARY 2023




EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Other amounts
Total

£
£
£

Amounts due to members 
44,251


Amounts due from members 

(18,843)


Balance at 1 February 2021 
74,935
25,408
100,343

Loss for the year available for discretionary division among members
 
(6,241)
-
(6,241)

Members' interests after profit for the year
68,694
25,408
94,102

Other division of losses
(74,935)
74,935
-

Amounts introduced by members
-
(10,233)
(10,233)

Drawings on account and distribution of profit
-
(71,828)
(71,828)

Amounts due to members
63,497

Amounts due from members
 

(45,216)


Balance at 31 January 2022
(6,241)
18,282
12,041

Profit for the year available for discretionary division among members
 
48,672
-
48,672

Members' interests after profit for the year
42,431
18,282
60,713

Other division of profits
6,241
(6,241)
-

Amounts introduced by members
-
40,195
40,195

Drawings on account and distribution of profit
-
(46,111)
(46,111)

Amounts due to members
19,416

Amounts due from members
 

(13,292)


Balance at 31 January 2023 
48,672
6,124
54,796

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
RICEES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
 
1.1

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.


2.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
19,416
63,497

19,416
63,497

Loans and other debts due to members may be further analysed as follows:

2023
2022
£
£



Falling due within one year
19,416
63,497

19,416
63,497

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

Page 4

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

3.


Commitments under operating leases

At 31 January 2023 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
-
2,502

-
2,502

 
Page 5