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REGISTERED NUMBER: OC344884 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2023

FOR

SOUTHERN BUSINESS ADVISERS LLP

SOUTHERN BUSINESS ADVISERS LLP (REGISTERED NUMBER: OC344884)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


SOUTHERN BUSINESS ADVISERS LLP (REGISTERED NUMBER: OC344884)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors: amounts falling due within one year 5 376,688 289,619
Cash at bank 11,451 12,401
388,139 302,020
CREDITORS
Amounts falling due within one year 6 212,072 167,294
NET CURRENT ASSETS 176,067 134,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,067

134,726

CREDITORS
Amounts falling due after more than one
year

7

21,667

31,667
NET ASSETS ATTRIBUTABLE TO
MEMBERS

154,400

103,059

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

154,400

103,059

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 154,400 103,059

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 30th April 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 16th November 2023 and were signed by:





Mr G R Lovell - Designated member

SOUTHERN BUSINESS ADVISERS LLP (REGISTERED NUMBER: OC344884)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023


1. STATUTORY INFORMATION

Southern Business Advisers LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC344884

Registered office: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 46 (2022 - 43 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 321,873 279,893
Other debtors 42,833 1,800
Prepayments and accrued income 11,982 7,926
376,688 289,619

SOUTHERN BUSINESS ADVISERS LLP (REGISTERED NUMBER: OC344884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,141 2,619
Social security and other taxes 35,042 24,395
VAT 138,941 119,088
Other creditors 18,948 11,192
212,072 167,294

Included in other creditors is £18,948 (2022: £8,347) in relation to accruals and deferred income.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 21,667 31,667

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 154,400 103,059

Falling due within one year 154,400 103,059

Members' loans and other debts rank pari passu with unsecured creditors in the event of a winding up.

9. RELATED PARTY DISCLOSURES

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with any party to the transaction with wholly owned subsidiaries within the group or where transactions have been undertaken under normal market conditions.

During the year the LLP is not controlled by any one individual or entity.