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REGISTERED NUMBER: OC429839 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 30 June 2023

for

Robert L Thomas LLP

Robert L Thomas LLP (Registered number: OC429839)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Robert L Thomas LLP

General Information
for the Year Ended 30 June 2023







DESIGNATED MEMBERS: MR R L THOMAS
DRAGONFLY BREWERY LTD





REGISTERED OFFICE: 336 OLD STREET
LONDON
EC1V 9DR





REGISTERED NUMBER: OC429839 (England and Wales)






Robert L Thomas LLP (Registered number: OC429839)

Report of the Members
for the Year Ended 30 June 2023

The members present their report with the financial statements of the LLP for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of renting out freehold property, owned by the LLP, for use as a public house and related activities.

DESIGNATED MEMBERS
The designated members during the year under review were:

MR R L THOMAS
DRAGONFLY BREWERY LTD

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £18,500 (2022 - £20,000 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





MR R L THOMAS - Designated member


25 March 2024

Robert L Thomas LLP (Registered number: OC429839)

Income Statement
for the Year Ended 30 June 2023

30.6.23 30.6.22
£    £   

TURNOVER 20,000 20,000

Administrative expenses 1,500 -
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




18,500




20,000

Robert L Thomas LLP (Registered number: OC429839)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,250,000 3,250,000

CREDITORS
Amounts falling due within one year 5 6,700 3,000
NET CURRENT LIABILITIES (6,700 ) (3,000 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,243,300

3,247,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

359,358

363,058

MEMBERS' OTHER INTERESTS
Revaluation reserve 2,883,942 2,883,942
3,243,300 3,247,000

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 359,358 363,058
Members' other interests 2,883,942 2,883,942
3,243,300 3,247,000

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 30 June 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 25 March 2024 and were signed by:



MR R L THOMAS - Designated member

Robert L Thomas LLP (Registered number: OC429839)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Robert L Thomas 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 3,250,000
NET BOOK VALUE
At 30 June 2023 3,250,000
At 30 June 2022 3,250,000

Included in fair value of investment property is freehold land of £ 555,422 (2022 - £ 555,422 ) which is not depreciated.

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2021 3,250,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 366,058 366,058

Investment properties were valued on an open market basis on 30 June 2021 by Mr R L Thomas .

Robert L Thomas LLP (Registered number: OC429839)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 5,700 2,000
Other creditors 1,000 1,000
6,700 3,000

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
30.6.23 30.6.22
£    £   
Amounts owed to members in respect of profits 359,358 363,058

Falling due within one year 359,358 363,058

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of members to reduce the amounts of Members' Other Interests.