Limited Liability Partnership registration number OC441047 (England and Wales)
BLUE ALEXANDER LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BLUE ALEXANDER LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BLUE ALEXANDER LLP
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
Notes
£
£
Fixed assets
Tangible assets
3
46,861
Current assets
Debtors
4
1,463
Cash at bank and in hand
18,808
20,271
Creditors: amounts falling due within one year
5
(40,681)
Net current liabilities
(20,410)
Total assets less current liabilities and net assets attributable to members
26,451
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
(11,323)
Members' other interests
Other reserves classified as equity
37,774
26,451

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 period ended 31 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.

The financial statements were approved by the members and authorised for issue on 6 November 2023 and are signed on their behalf by:
06 November 2023
Ms M A Towey
Designated member
Limited Liability Partnership Registration No. OC441047
BLUE ALEXANDER LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Limited liability partnership information

Blue Alexander LLP is a limited liability partnership incorporated in England and Wales. The registered office is 3A Chestnut House, Farm Close, Shenley, Hertfordshire, England, WD7 9AD.

 

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

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in progress.

1.3
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
25% Reducing Balance

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.

2
Employees

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

2023
Number
Total
-
0
BLUE ALEXANDER LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 14 February 2022
-
Additions
62,482
At 31 March 2023
62,482
Depreciation and impairment
At 14 February 2022
-
Depreciation charged in the period
15,621
At 31 March 2023
15,621
Carrying amount
At 31 March 2023
46,861
4
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
1,323
Other debtors
140
1,463
5
Creditors: amounts falling due within one year
2023
£
Trade creditors
26,419
Taxation and social security
11,262
Other creditors
3,000
40,681
6
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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