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REGISTERED NUMBER: OC309967 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 October 2022

for

Broadway Pharmacy (Staines) LLP

Broadway Pharmacy (Staines) LLP (Registered number: OC309967)






Contents of the Financial Statements
for the Year Ended 29 October 2022




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Broadway Pharmacy (Staines) LLP

General Information
for the Year Ended 29 October 2022







DESIGNATED MEMBERS: Ms P Li
K Li
Ms J Li





REGISTERED OFFICE: 3 The Broadway
Kingston Road
Staines
Middlesex
TW18 1AT





REGISTERED NUMBER: OC309967 (England and Wales)






Broadway Pharmacy (Staines) LLP (Registered number: OC309967)

Balance Sheet
29 October 2022

29.10.22 29.10.21
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 51,474 77,210
Tangible assets 5 134,394 132,804
185,868 210,014

CURRENT ASSETS
Stocks 6 25,000 25,000
Debtors 7 143,983 232,783
Cash at bank and in hand 224,018 359,158
393,001 616,941
CREDITORS
Amounts falling due within one year 8 208,596 248,922
NET CURRENT ASSETS 184,405 368,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,273

578,033

CREDITORS
Amounts falling due after more than
one year

9

-

345,679
NET ASSETS ATTRIBUTABLE TO
MEMBERS

370,273

232,354

Broadway Pharmacy (Staines) LLP (Registered number: OC309967)

Balance Sheet - continued
29 October 2022

29.10.22 29.10.21
as restated
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

10

357,717

219,798

MEMBERS' OTHER INTERESTS
Capital accounts 12,556 12,556
370,273 232,354

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

10

357,717

219,798
Members' other interests 12,556 12,556
370,273 232,354

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 29 October 2022.

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 October 2023 and were signed by:




K Li - Designated member

Broadway Pharmacy (Staines) LLP (Registered number: OC309967)

Notes to the Financial Statements
for the Year Ended 29 October 2022

1. STATUTORY INFORMATION

Broadway Pharmacy (Staines) 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" and the companies Act 2006.
The financial statements have been prepared under historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business and, is
being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Freehold property : 2% straight line
Fixture and fittings : 10% straight line
Motor vehicles : 25% reducing balance
Computer equipment:25% reducing balance

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

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2021 - 5 ) .

Broadway Pharmacy (Staines) LLP (Registered number: OC309967)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 October 2021
and 29 October 2022 514,722
AMORTISATION
At 30 October 2021 437,512
Amortisation for year 25,736
At 29 October 2022 463,248
NET BOOK VALUE
At 29 October 2022 51,474
At 29 October 2021 77,210

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 30 October 2021 115,168 6,418 267,106
Additions - - -
At 29 October 2022 115,168 6,418 267,106
DEPRECIATION
At 30 October 2021 115,182 257 144,386
Charge for year (14 ) 128 12,474
At 29 October 2022 115,168 385 156,860
NET BOOK VALUE
At 29 October 2022 - 6,033 110,246
At 29 October 2021 (14 ) 6,161 122,720

Broadway Pharmacy (Staines) LLP (Registered number: OC309967)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2022

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 30 October 2021 81,311 2,786 472,789
Additions - 15,892 15,892
At 29 October 2022 81,311 18,678 488,681
DEPRECIATION
At 30 October 2021 79,990 170 339,985
Charge for year 331 1,383 14,302
At 29 October 2022 80,321 1,553 354,287
NET BOOK VALUE
At 29 October 2022 990 17,125 134,394
At 29 October 2021 1,321 2,616 132,804

6. STOCKS
29.10.22 29.10.21
as restated
£    £   
Stocks 25,000 25,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.10.22 29.10.21
as restated
£    £   
Trade debtors 111,011 201,681
VAT 29,849 27,693
Prepayments and accrued income 3,123 3,409
143,983 232,783

Broadway Pharmacy (Staines) LLP (Registered number: OC309967)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.10.22 29.10.21
as restated
£    £   
Bank loans and overdrafts 45 15,614
Trade creditors 80,727 94,987
Social security and other taxes 5,041 2,753
Net Wages 23,921 5,979
Pension 293 329
Other creditors 98,569 129,260
208,596 248,922

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.10.22 29.10.21
as restated
£    £   
Bank loans - 2-5 years - 283,224
Bank loans more 5 yr by instal - 62,455
- 345,679

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 62,455

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.

Broadway Pharmacy (Staines) LLP (Registered number: OC309967)

Notes to the Financial Statements - continued
for the Year Ended 29 October 2022

11. PRIOR YEAR ADJUSTMENTS

In previous year's financial statement, trade debtors were incorrectly shown as a drawings by members and debit balance in partner's current account. A prior year adjustment has been made to include and show trade debtors and members' account correctly.

Changes to the balance sheet:



As
previously
reported


Adjustment
As restated
at
29.10.2021
£    £    £   
Current Assets
Trade debtors 130,017 102,337 232,354
Net Assets Attributable to Members 130,017 102,337 232,354
TOTAL MEMBERS' INTERESTS
Loans and other debts due to member 117,461 102,337 219,798
Members' other interests 12,556 12,556
130,017 102,337 232,354

There is no effect on profit and loss account in respect of the above adjustment.