2022-04-01 OC348079 2023-03-31 OC348079 2022-04-01 2023-03-31 OC348079 2022-03-31 OC348079 2021-04-01 2022-03-31 OC348079 uk-core:WithinOneYear uk-bus:Original 2022-03-31 OC348079 uk-core:WithinOneYear uk-bus:Original 2023-03-31 OC348079 uk-bus:PartnerLLP1 uk-bus:Original 2022-04-01 2023-03-31 OC348079 uk-bus:PartnerLLP2 uk-bus:Original 2022-04-01 2023-03-31 OC348079 uk-core:ToolsEquipment uk-bus:Original 2022-04-01 2023-03-31 OC348079 uk-core:ComputerEquipment uk-bus:Original 2022-04-01 2023-03-31 OC348079 uk-core:ComputerEquipment uk-bus:Original 2022-03-31 OC348079 uk-core:ToolsEquipment uk-bus:Original 2022-03-31 OC348079 uk-core:ToolsEquipment uk-bus:Original 2023-03-31 OC348079 uk-core:ComputerEquipment uk-bus:Original 2023-03-31 iso4217:GBP xbrli:pure OC348079 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-04-01 2023-03-31 OC348079 uk-bus:FRS102 uk-bus:Original 2022-04-01 2023-03-31 OC348079 uk-bus:FilletedAccounts uk-bus:Original 2022-04-01 2023-03-31 OC348079 uk-bus:LimitedLiabilityPartnershipLLP uk-bus:Original 2022-04-01 2023-03-31
Divine Cakes LLP
Registered Number:OC348079
For the year ended 31 March 2023
England and Wales
Report of the Members and Unaudited Financial Statements
2
For the year ended 31 March 2023
Divine Cakes LLP
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
OC348079
Registered Number :
As at 31 March 2023
Divine Cakes LLP
Statement of Financial Position
2022
£
£
2023
Notes
Fixed assets
Property, plant and equipment
173
36
2
173
36
Current assets
Inventories
252
146
Trade and other receivables
23
24
3
86
-
Cash and cash equivalents
256
275
Trade and other payables: amounts falling due within one
year
(1,020)
(830)
4
(745)
(574)
Net current liabilities
Total assets less current liabilities
(401)
(709)
(401)
Net liabilities attributable to members
(709)
Represented by:
Total members' interests
Amounts due from members
(401)
(709)
(401)
(709)
For the year ended 31 March 2023 the LLP 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 LLPs.
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 affair of the LLP as at the end of each
financial year and of its profit or loss for each 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
Liabilities Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to the
financial statements, so far as applicable to the LLP
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements are prepared in accordance with the provisions applicable to LLP's subject to the small LLP's regime.
Mrs K L DixonDesignated Member
Mr A DixonDesignated Member
These financial statements were approved by the members on 04 November 2023 and signed on their behalf by:
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4
For the year ended 31 March 2023
Divine Cakes LLP
Notes to the Financial Statements
1. Accounting policies
Statutory Information
Divine Cakes LLP is a limited liability partnership, domiciled in England and Wales, registration number OC348079.
Registered address:
16 Pear Tree Lane
Hempstead
Gillingham
Kent
The presentation currency is £ sterling.
The financial statements relate to trading activities of Divine Cakes LLP only.
Basis of preparation
The report and financial statements for the year ended 31 March 2023 have been prepared under the historical cost
convention and in accordance with the Section 1A of Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland' and the Statement of Recommended Practice "Accounting by
Limited Liability Partnerships".
Turnover
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
Depreciation of tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
33.33% Straight line
Computer equipment
Stock
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any direct costs and an appropriate proportion of fixed and variable overheads where applicable.
Financial Instruments
The partnership enters into financial instrument transactions that result in the recognition of financial assets and
liabilities like trade and other accounts receivable and payable.
Debt instruments that are payable or receivable within one year, typically trade payables and receivables, are
measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be
paid or received.
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5
For the year ended 31 March 2023
Divine Cakes LLP
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
£
£
£
Cost or
valuation
At 01 April 2022
1,914
649
1,265
249
249
-
Additions
(369)
-
Disposals
(369)
At 31 March 2023
1,265
529
1,794
Provision for depreciation and impairment
At 01 April 2022
1,878
642
1,236
Charge for year
112
83
29
(369)
(369)
-
On disposal
At 31 March 2023
1,621
356
1,265
At 31 March 2023
Net book value
-
173
173
At 31 March 2022
29
7
36
3. Trade and other receivables
2023
2022
£
£
Prepayments & accrued income
24
23
24
23
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Other creditors
830
1,020
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6
For the year ended 31 March 2023
Divine Cakes LLP
Notes to the Financial Statements Continued
5. Average number of persons employed
During the year the average number of employees was 0 excluding non - salaried partners.
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