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RNJ Partnership LLP
Registered Number:OC324051
For the year ended 30 June 2023
England and Wales
Report of the Members and Unaudited Financial Statements
2
For the year ended 30 June 2023
RNJ Partnership LLP
Contents Page
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Statement of Financial Position
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Notes to the Financial Statements
3
OC324051
Registered Number :
As at 30 June 2023
RNJ Partnership LLP
Statement of Financial Position
2022
£
£
2023
Notes
Fixed assets
Property, plant and equipment
11,687
12,270
3
11,687
12,270
Current assets
Inventories
26,000
22,000
Trade and other receivables
236,366
140,627
4
58,893
67,492
Cash and cash equivalents
221,520
329,858
Trade and other payables: amounts falling due within one
year
(218,219)
(198,351)
5
111,639
23,169
Net current assets
Total assets less current liabilities
34,856
123,909
Trade and other payables: amounts falling due after more
than one year
(35,200)
(20,000)
6
14,856
Net assets attributable to members
88,709
Represented by:
Loans and other debts due to members
88,709
98,350
7
Total members' interests
Amounts due from members
(73,853)
(9,641)
Loans and other debts due to members
88,709
98,350
7
14,856
88,709
For the year ended 30 June 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.
Mr Andrew Paul KnowlesDesignated Member
These financial statements were approved by the members on 02 February 2024 and signed on their behalf by:
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4
For the year ended 30 June 2023
RNJ Partnership LLP
Notes to the Financial Statements
1. Accounting policies
Statutory Information
RNJ Partnership LLP is a limited liability partnership, domiciled in England and Wales, registration number
OC324051.
Registered address:
2 Diamond Court
Kenton
Newcastle upon Tyne
NE3 2EN
The presentation currency is £ sterling.
Basis of preparation
The report and financial statements for the year ended 30 June 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
33.33% Reducing balance
25% Straight line
Computer Equipment
25% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
2. Interest payable and similar charges
2023
2022
£
£
Interest payable on bank borrowing
1,449
5,079
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5
For the year ended 30 June 2023
RNJ Partnership LLP
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
£
£
£
£
Cost or
valuation
At 01 July 2022
104,445
58,344
34,601
11,500
2,870
2,483
387
-
Additions
At 30 June 2023
11,500
34,988
60,827
107,315
Provision for depreciation and impairment
At 01 July 2022
92,175
54,698
32,977
4,500
Charge for year
3,453
1,361
342
1,750
At 30 June 2023
95,628
56,059
33,319
6,250
At 30 June 2023
Net book value
5,250
1,669
4,768
11,687
At 30 June 2022
7,000
1,624
3,646
12,270
4. Trade and other receivables
2023
2022
£
£
Trade debtors
83,688
135,927
Prepayments & accrued income
56,939
100,439
140,627
236,366
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
17,065
20,000
Bank loans and overdraft
825
-
Amounts owed to group undertaking and undertaking in which the LLP
has a participating interest
7
7
Taxation and social security
33,121
41,187
Other creditors
148,158
156,200
198,351
218,219
6. Trade and other payables: amounts falling due after more than one year
2023
2022
£
£
35,200
20,000
Bank loans and overdraft
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6
For the year ended 30 June 2023
RNJ Partnership LLP
Notes to the Financial Statements Continued
7. Loans and other debts due to members
2022
2023
£
£
Loans from members
88,709
98,350
88,709
98,350
8. Average number of persons employed
During the year the average number of employees was 9 (2022 : 8)
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