Registered number: OC371813
RICEES LLP
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2023
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RICEES LLP
REGISTERED NUMBER: OC371813
BALANCE SHEET
AS AT 31 JANUARY 2023
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Loans and other debts due to members within one year
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Other reserves classified as equity
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Notes
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.
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RICEES LLP
REGISTERED NUMBER: OC371813
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023
Average number of employees
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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.
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.
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RICEES LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 JANUARY 2023
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EQUITY
Members' other interests
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DEBT
Loans and other debts due to members less any amounts due from members in debtors
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Balance at 1 February 2021
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Loss for the year available for discretionary division among members
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Members' interests after profit for the year
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Amounts introduced by members
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Drawings on account and distribution of profit
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Balance at 31 January 2022
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Profit for the year available for discretionary division among members
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Members' interests after profit for the year
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Other division of profits
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Amounts introduced by members
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Drawings on account and distribution of profit
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Balance at 31 January 2023
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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.
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RICEES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
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Division and distribution of profits
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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.
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Loans and other debts due to members
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Other amounts due to members
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Loans and other debts due to members may be further analysed as follows:
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Falling due within one year
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Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
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RICEES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
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Commitments under operating leases
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At 31 January 2023 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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