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REGISTERED NUMBER: OC317392 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MILLER BOURNE LLP

MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLER BOURNE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: Miller Bourne Limited
Ms A L Gordon
R D Morrice
C E Richards
P Hudson





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: OC317392 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,626,274 1,653,777

CURRENT ASSETS
Debtors 5 169,882 231,544
Cash at bank 99,092 69,836
268,974 301,380
CREDITORS
Amounts falling due within one year 6 299,643 155,191
NET CURRENT (LIABILITIES)/ASSETS (30,669 ) 146,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,595,605

1,799,966

CREDITORS
Amounts falling due after more than one
year

7

608,129

635,224
NET ASSETS ATTRIBUTABLE TO
MEMBERS

987,476

1,164,742

LOANS AND OTHER DEBTS DUE TO
MEMBERS

621,142

624,742

MEMBERS' OTHER INTERESTS
Revaluation reserve 8 366,334 540,000
987,476 1,164,742

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 621,142 624,742
Members' other interests 366,334 540,000
987,476 1,164,742

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.

MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)

BALANCE SHEET - continued
31 MARCH 2023


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 10 November 2023 and were signed by:




Ms A L Gordon - Designated member




C E Richards - Designated member


MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Miller Bourne 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 12 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST OR VALUATION
At 1 April 2022 1,540,000 69,488 25,180
Additions - - 912
Disposals - - (18,188 )
At 31 March 2023 1,540,000 69,488 7,904
DEPRECIATION
At 1 April 2022 - 25,785 21,144
Charge for year - 4,370 1,229
Eliminated on disposal - - (17,475 )
At 31 March 2023 - 30,155 4,898
NET BOOK VALUE
At 31 March 2023 1,540,000 39,333 3,006
At 31 March 2022 1,540,000 43,703 4,036

MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 74,251 35,590 1,744,509
Additions - 472 1,384
Disposals - - (18,188 )
At 31 March 2023 74,251 36,062 1,727,705
DEPRECIATION
At 1 April 2022 26,416 17,387 90,732
Charge for year 11,959 10,616 28,174
Eliminated on disposal - - (17,475 )
At 31 March 2023 38,375 28,003 101,431
NET BOOK VALUE
At 31 March 2023 35,876 8,059 1,626,274
At 31 March 2022 47,835 18,203 1,653,777

Cost or valuation at 31 March 2023 is represented by:

Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
Valuation in 2008 130,000 - -
Valuation in 2012 (146,627 ) - -
Valuation in 2014 160,000 - -
Valuation in 2016 120,000 - -
Valuation in 2018 250,000 - -
Valuation in 2021 63,000 - -
Valuation in 2022 227,000 - -
Cost 736,627 69,488 7,904
1,540,000 69,488 7,904

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2008 - - 130,000
Valuation in 2012 - - (146,627 )
Valuation in 2014 - - 160,000
Valuation in 2016 - - 120,000
Valuation in 2018 - - 250,000
Valuation in 2021 - - 63,000
Valuation in 2022 - - 227,000
Cost 74,251 36,062 924,332
74,251 36,062 1,727,705

MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 736,627 736,627

Freehold property was valued on an open market basis on 26 January 2022 by Carr & Priddle .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 102,005 168,134
Amounts recoverable on contract 9,975 28,385
Other debtors - 20,833
Prepayments 57,902 14,192
169,882 231,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,095 25,890
Trade creditors 66,526 11,091
Social security and other taxes 6,404 8,550
VAT 37,392 61,461
Other creditors 124,606 16,886
Accruals and deferred income 27,600 25,413
Accrued expenses 10,020 5,900
299,643 155,191

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 28,064 27,095
Bank loans - 2-5 years 88,062 87,479
Bank loans more 5 years 492,003 520,650
608,129 635,224

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years 492,003 520,650

8. RESERVES
Revaluation
reserve
£   
At 1 April 2022 540,000
Revaluation reserve (173,666 )
At 31 March 2023 366,334