Silverfin false 30/04/2023 01/05/2022 30/04/2023 R M S Berry 24/03/2011 C A Georgiou 24/03/2011 M H Homewood 01/07/2022 J A Mills 31/08/2022 01/10/2012 S Simms 01/07/2022 03 January 2024 OC363115 2023-04-30 OC363115 bus:Director1 2023-04-30 OC363115 bus:Director2 2023-04-30 OC363115 bus:Director3 2023-04-30 OC363115 bus:Director4 2023-04-30 OC363115 bus:Director5 2023-04-30 OC363115 2022-04-30 OC363115 core:CurrentFinancialInstruments 2023-04-30 OC363115 core:CurrentFinancialInstruments 2022-04-30 OC363115 core:Non-currentFinancialInstruments 2023-04-30 OC363115 core:Non-currentFinancialInstruments 2022-04-30 OC363115 core:LandBuildings 2022-04-30 OC363115 core:LeaseholdImprovements 2022-04-30 OC363115 core:Vehicles 2022-04-30 OC363115 core:FurnitureFittings 2022-04-30 OC363115 core:OfficeEquipment 2022-04-30 OC363115 core:LandBuildings 2023-04-30 OC363115 core:LeaseholdImprovements 2023-04-30 OC363115 core:Vehicles 2023-04-30 OC363115 core:FurnitureFittings 2023-04-30 OC363115 core:OfficeEquipment 2023-04-30 OC363115 2022-05-01 2023-04-30 OC363115 bus:FullAccounts 2022-05-01 2023-04-30 OC363115 bus:SmallEntities 2022-05-01 2023-04-30 OC363115 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 OC363115 bus:LimitedLiabilityPartnershipLLP 2022-05-01 2023-04-30 OC363115 bus:Director1 2022-05-01 2023-04-30 OC363115 bus:Director2 2022-05-01 2023-04-30 OC363115 bus:Director3 2022-05-01 2023-04-30 OC363115 bus:Director4 2022-05-01 2023-04-30 OC363115 bus:Director5 2022-05-01 2023-04-30 OC363115 core:LeaseholdImprovements core:TopRangeValue 2022-05-01 2023-04-30 OC363115 core:Vehicles 2022-05-01 2023-04-30 OC363115 core:FurnitureFittings 2022-05-01 2023-04-30 OC363115 core:OfficeEquipment 2022-05-01 2023-04-30 OC363115 2021-05-01 2022-04-30 OC363115 core:LandBuildings 2022-05-01 2023-04-30 OC363115 core:LeaseholdImprovements 2022-05-01 2023-04-30 OC363115 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: OC363115 (England and Wales)

BERRY REDMOND GORDON AND PENNEY LLP

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

BERRY REDMOND GORDON AND PENNEY LLP

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

BERRY REDMOND GORDON AND PENNEY LLP

BALANCE SHEET

As at 30 April 2023
BERRY REDMOND GORDON AND PENNEY LLP

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 286,992 311,244
286,992 311,244
Current assets
Debtors 4 651,964 750,717
Cash at bank and in hand 183,693 81,714
835,657 832,431
Creditors: amounts falling due within one year 5 ( 526,084) ( 196,595)
Net current assets 309,573 635,836
Total assets less current liabilities 596,565 947,080
Creditors: amounts falling due after more than one year 6 ( 22,500) ( 32,500)
Net assets attributable to members 574,065 914,580
Represented by
Loans and other debts due to members within one year
Other amounts (333,614) (91,724)
(333,614) (91,724)
Members' other interests
Members' capital classified as equity 535,037 727,827
Other reserves 372,642 278,477
907,679 1,006,304
574,065 914,580
Total members' interests
Loans and other debts due to members (333,614) (91,724)
Members' other interests 907,679 1,006,304
574,065 914,580

For the financial year ending 30 April 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 Berry Redmond Gordon and Penney LLP (registered number: OC363115) were approved and authorised for issue by the Director on 03 January 2024. They were signed on its behalf by:

R M S Berry
Designated member
C A Georgiou
Designated member
M H Homewood
Designated member
S Simms
Designated member
BERRY REDMOND GORDON AND PENNEY LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
BERRY REDMOND GORDON AND PENNEY LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

Berry Redmond Gordon and Penney 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 50 Boulevard, Weston-Super-Mare, BS23 1NF, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 by reference to the stage of completion of the engagement and when the amount of turnover can be reliably measured. The stage of completion is measured by comparing the costs incurred for work performed to date to the total estimated costs of the engagement. Unbilled revenue is included in debtors as amounts recoverable on client contracts.

Employee benefits

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Leasehold improvements 10 years straight line
Vehicles 20 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Members' remuneration and division of profits

The LLP agreement provides that the profits are allocated to members each year. These amounts are
included within members' remuneration charges to the profit and loss account.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the LLP during the year 55 53

3. Tangible assets

Land and buildings Leasehold improve-
ments
Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 May 2022 238,851 20,182 95,289 248,197 615,109 1,217,628
Additions 0 0 0 2,758 2,899 5,657
Disposals 0 0 ( 46,059) 0 0 ( 46,059)
At 30 April 2023 238,851 20,182 49,230 250,955 618,008 1,177,226
Accumulated depreciation
At 01 May 2022 3,851 2,019 65,073 243,967 591,474 906,384
Charge for the financial year 0 2,018 3,832 1,468 5,218 12,536
Disposals 0 0 ( 28,686) 0 0 ( 28,686)
At 30 April 2023 3,851 4,037 40,219 245,435 596,692 890,234
Net book value
At 30 April 2023 235,000 16,145 9,011 5,520 21,316 286,992
At 30 April 2022 235,000 18,163 30,216 4,230 23,635 311,244

4. Debtors

2023 2022
£ £
Trade debtors 180,904 145,145
Amounts recoverable on contracts 408,736 543,125
Prepayments 62,324 62,447
651,964 750,717

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 28,263
Trade creditors 11,109 18,960
Other taxation and social security 109,823 124,017
Other creditors 395,152 25,355
526,084 196,595

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 22,500 32,500

There are no amounts included above in respect of which any security has been given by the small entity.