Limited Liability Partnership registration number OC344055 (England and Wales)
RDR BUSINESS SOLUTIONS LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
RDR BUSINESS SOLUTIONS LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
Mr Donald John Murrell
Mrs Rosemary Murrell
Miss Rebecca Moye
Limited liability partnership number
OC344055
Registered office
Repton Manor
Repton Avenue
Ashford
Kent
TN23 3GP
RDR BUSINESS SOLUTIONS LLP
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
RDR BUSINESS SOLUTIONS LLP
BALANCE SHEET
AS AT
30 MARCH 2023
30 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
60,763
28,026
Current assets
Debtors
8,923
60,137
Cash at bank and in hand
11,561
100,200
20,484
160,337
Creditors: amounts falling due within one year
(16,985)
(66,382)
Net current assets
3,499
93,955
Total assets less current liabilities and net assets attributable to members
64,262
121,981
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
-
(2,537)
Other amounts
102,245
-
102,245
(2,537)
Members' other interests
Other reserves classified as equity
(37,983)
124,518
64,262
121,981

In accordance with section 444 of the Companies Act 2006 as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of the Companies Act 2006) Regulations 2008, all of the members of the limited liability partnership have consented to the abridgement of the financial statements pursuant to paragraph 1A of Schedule 1 to the Small Limited Liability Partnerships (Accounts) Regulations (SI 2008/1912)(a).

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 30 March 2023 the limited liability partnership 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) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

RDR BUSINESS SOLUTIONS LLP
BALANCE SHEET (CONTINUED)
AS AT
30 MARCH 2023
30 March 2023
- 2 -
The financial statements were approved by the members and authorised for issue on 3 November 2023 and are signed on their behalf by:
03 November 2023
Mr Donald John Murrell
Designated member
Limited Liability Partnership Registration No. OC344055
RDR BUSINESS SOLUTIONS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023
- 3 -
1
Accounting policies
Limited liability partnership information

RDR Business Solutions LLP is a limited liability partnership incorporated in England and Wales. The registered office is Repton Manor, Repton Avenue, Ashford, Kent, TN23 3GP.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

1.3
Members' participating interests

Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account after arriving at "profit for the financial year before members' remuneration and profit shares".

 

The profits and losses of the LLP shall be payable by the LLP to the Members or by the Members to the LLP (as the case may be) in such shares as shall be agreed by the Designated Members from time to time and, in default of such agreement, in equal shares.

 

A member's share in the profit or the loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within "other reserves".

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.5
Leases
RDR BUSINESS SOLUTIONS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2023
1
Accounting policies
(Continued)
- 4 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the limited liability partnership’s accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2023
2022
Number
Number
Total
2
3
4
Tangible fixed assets
Total
£
Cost
At 31 March 2022
28,026
Additions
93,500
At 30 March 2023
121,526
Depreciation and impairment
At 31 March 2022
-
Depreciation charged in the year
60,763
At 30 March 2023
60,763
Carrying amount
At 30 March 2023
60,763
At 30 March 2022
28,026
5
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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