Registered number
OC340888
Humphrey and Brand Residential LLP
Filleted Accounts
31 March 2023
Humphrey and Brand Residential LLP
Registered number: OC340888
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,751 19,702
Current assets
Debtors 4 61,406 64,817
Cash at bank and in hand 281,179 211,614
342,585 276,431
Creditors: amounts falling due within one year 5 (44,992) (29,598)
Net current assets 297,593 246,833
Total assets less current liabilities 312,344 266,535
Net assets attributable to members 312,344 266,535
Represented by:
Members' other interests
Other reserves 312,344 266,535
312,344 266,535
Total members' interests
Members' other interests 312,344 266,535
312,344 266,535
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 to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 20 November 2023 and signed on their behalf by:
L Brand
Designated member
Humphrey and Brand Residential LLP
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and the Statement of Recommended Practice (SORP), "Accounting by Limited Liability Partnerships".
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 10 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 22,590 137,085 159,675
At 31 March 2023 22,590 137,085 159,675
Depreciation
At 1 April 2022 10,241 129,732 139,973
Charge for the year 2,508 2,443 4,951
At 31 March 2023 12,749 132,175 144,924
Net book value
At 31 March 2023 9,841 4,910 14,751
At 31 March 2022 12,349 7,353 19,702
4 Debtors 2023 2022
£ £
Other debtors 61,406 64,817
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other taxes and social security costs 45,326 26,898
Other creditors (334) 2,700
44,992 29,598
6 Other information
Humphrey and Brand Residential LLP is a limited liability partnership incorporated in England. Its registered office is:
17 Claremont Road
Surbiton
Surrey
KT6 4QR
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