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REGISTERED NUMBER: OC436088 (England and Wales)


















Simons & Holden LLP

Unaudited Financial Statements for the Year Ended 31 March 2023






Simons & Holden LLP (Registered number: OC436088)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Simons & Holden LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: JL Simons
C Holden





REGISTERED OFFICE: Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX





REGISTERED NUMBER: OC436088 (England and Wales)





ACCOUNTANTS: Carter Collins & Myer Limited
Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX

Simons & Holden LLP (Registered number: OC436088)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 850,976 423,540

CURRENT ASSETS
Debtors 5 186,505 540,000
Cash at bank 793,429 684,667
979,934 1,224,667
CREDITORS
Amounts falling due within one year 6 270,480 294,163
NET CURRENT ASSETS 709,454 930,504
TOTAL ASSETS LESS CURRENT LIABILITIES 1,560,430 1,354,044

CREDITORS
Amounts falling due after more than one year 7 165,097 80,363
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,395,333 1,273,681

LOANS AND OTHER DEBTS DUE TO MEMBERS 9 1,395,333 1,273,681

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,395,333 1,273,681

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 31 March 2023.

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 9 November 2023 and were signed by:





C Holden - Designated member

Simons & Holden LLP (Registered number: OC436088)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Simons & Holden 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" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 502,399
Additions 635,877
Disposals (64,915 )
At 31 March 2023 1,073,361
DEPRECIATION
At 1 April 2022 78,859
Charge for year 153,263
Eliminated on disposal (9,737 )
At 31 March 2023 222,385
NET BOOK VALUE
At 31 March 2023 850,976
At 31 March 2022 423,540

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 173,405 540,000

Amounts falling due after more than one year:
Other debtors 13,100 -

Aggregate amounts 186,505 540,000

Simons & Holden LLP (Registered number: OC436088)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 107,713 84,627
Trade creditors 102,533 441
VAT 59,079 199,389
Other creditors - 9,088
Accrued expenses 1,155 618
270,480 294,163

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Other loans (see note 8) 9,143 12,338
Hire purchase contracts 155,954 68,025
165,097 80,363

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 9,143 12,338

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.23 31.3.22
£    £   
Amounts owed to members in respect of profits 1,395,333 1,273,681

Falling due within one year 1,395,333 1,273,681

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of members' other interest.