Silverfin false 31/07/2023 01/08/2022 31/07/2023 Abby Danielle Marcus 08/07/2019 David Michael Marcus 08/07/2019 11 April 2024 OC427970 2023-07-31 OC427970 bus:Director1 2023-07-31 OC427970 bus:Director2 2023-07-31 OC427970 core:CurrentFinancialInstruments 2023-07-31 OC427970 core:CurrentFinancialInstruments 2022-07-31 OC427970 2022-07-31 OC427970 2022-08-01 2023-07-31 OC427970 bus:FullAccounts 2022-08-01 2023-07-31 OC427970 bus:SmallEntities 2022-08-01 2023-07-31 OC427970 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 OC427970 bus:LimitedLiabilityPartnershipLLP 2022-08-01 2023-07-31 OC427970 bus:Director1 2022-08-01 2023-07-31 OC427970 bus:Director2 2022-08-01 2023-07-31 OC427970 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure

Company No: OC427970 (England and Wales)

BREAD AND BUTTER COACHING LLP

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

BREAD AND BUTTER COACHING LLP

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

BREAD AND BUTTER COACHING LLP

BALANCE SHEET

As at 31 July 2023
BREAD AND BUTTER COACHING LLP

BALANCE SHEET (continued)

As at 31 July 2023
2023 2022
£ £
Current assets
Debtors 3 24,696 6,540
Cash at bank and in hand 15,778 48,734
40,474 55,274
Creditors: amounts falling due within one year 4 ( 28,015) ( 52,027)
Net current assets 12,459 3,247
Total assets less current liabilities 12,459 3,247
Net assets attributable to members 12,459 3,247
Represented by
Loans and other debts due to members within one year
Other amounts 5 12,459 3,247
12,459 3,247
Members' other interests
0 0
12,459 3,247
Total members' interests
Loans and other debts due to members 12,459 3,247
12,459 3,247

For the financial year ending 31 July 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.

Members' responsibilities:

The financial statements of Bread and Butter Coaching LLP (registered number: OC427970) were approved and authorised for issue by the Board of Directors on 11 April 2024. They were signed on its behalf by:

Abby Danielle Marcus
Designated member
BREAD AND BUTTER COACHING LLP

RECONCILIATION OF MEMBERS' INTERESTS

For the financial year ended 31 July 2023
BREAD AND BUTTER COACHING LLP

RECONCILIATION OF MEMBERS' INTERESTS (continued)

For the financial year ended 31 July 2023
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other amounts Total
£ £
Amounts due to members 5,322
Balance at 01 August 2021 5,322 5,322
Members' remuneration charged as an expense, including employment and retirement benefit costs 24,361 24,361
Members' interest after result for the financial year 29,683 29,683
Drawings (26,436) (26,436)
Amounts due to members 3,247
Balance at 31 July 2022 3,247 3,247
Members' remuneration charged as an expense, including employment and retirement benefit costs 60,409 60,409
Members' interest after result for the financial year 63,656 63,656
Drawings (51,197) (51,197)
Amounts due to members 12,459
Balance at 31 July 2023 12,459 12,459

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

BREAD AND BUTTER COACHING LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
BREAD AND BUTTER COACHING LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bread and Butter Coaching LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 35 Ballards Lane, London, N3 1XW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 25 (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and similar instruments. A members' participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payments to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

The profits are not automatically divided as they arise, the LLP therefore has an unconditional right to refuse payment of the profits for a particular year unless and until those profits are divided by a decision taken by the members; and accordingly, following such a division, those profits are classed as an appropriation or equity rather than an expense. They are therefore shown as a residual amount available for appropriation in the Profit and Loss Account.

All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of Financial Position within 'Members' other interests'.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the LLP during the year 0 0

The entity has no employees.

3. Debtors

2023 2022
£ £
Trade debtors 24,696 6,540

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,098 0
Other taxation and social security 5,567 1,840
Other creditors 21,350 50,187
28,015 52,027

5. Loans and other debts due to members

2023 2022
£ £
Other amounts due to members 30,559 3,247

Loans and other debts due to members may be further analysed as follows:

2023 2022
£ £
Falling due within one year 30,559 3,247

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.