REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2023 |
for |
Bullimores LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2023 |
for |
Bullimores LLP |
Bullimores LLP (Registered number: OC327524) |
Contents of the Financial Statements |
for the Year Ended 30 April 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Bullimores LLP (Registered number: OC327524) |
Balance Sheet |
30 April 2023 |
30.4.23 | 30.4.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
227,805 |
211,864 |
Bullimores LLP (Registered number: OC327524) |
Balance Sheet - continued |
30 April 2023 |
30.4.23 | 30.4.22 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
125,305 |
109,364 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 102,500 | 102,500 |
227,805 | 211,864 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 125,305 | 109,364 |
Members' other interests | 102,500 | 102,500 |
Amounts due from members | 6 | - | (147,557 | ) |
227,805 | 64,307 |
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. |
In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
Bullimores LLP (Registered number: OC327524) |
Notes to the Financial Statements |
for the Year Ended 30 April 2023 |
1. | STATUTORY INFORMATION |
Bullimores LLP is registered in England and Wales. The LLP's registered number and registered office address are as below: |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the net invoiced fees as a professional firm adjusted for service contracts where turnover is recognised when there is a right to consideration. |
Tangible fixed assets |
Leasehold property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
Bullimores LLP (Registered number: OC327524) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Leasehold | and | Motor | Computer |
property | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 May 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 April 2023 |
DEPRECIATION |
At 1 May 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 May 2022 |
Disposals | ( |
) |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Debtors and prepaid expenses |
Recoverable on contracts | 128,578 | 105,260 |
Accounts rendered | 372,632 | 420,295 |
Bad debt provision | (80,955 | ) | (64,871 | ) |
Amounts owed by associates |
Amounts due from members | - | 147,557 |
Other debtors |
Bullimores LLP (Registered number: OC327524) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Creditors and accruals |
Amounts owed to associates | 573,135 | 523,607 |
Social security and other taxes |
VAT | 110,668 | 99,941 |
8. | RELATED PARTY DISCLOSURES |
T. Edwards owned and controlled Bullimores Management Limited a company which provided services until his death in August. In the period management fees of £260,000 [ £776,940 2022] were charged and at the year end a balance of £573,135 [ £523,607 2022 ] was due to the company. Edwards Securities Limited is a subsidiary of Bullimores Management Limited. Income of £nil [£3000 2022 ] was received and a balance of £nil is due from the company [ £3,600 2022]. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mrs S J Wallace. |
10. | BASIS OF ACCOUNTS PREPARATION |
The members have reviewed the financial results for the year and anticipate ongoing profitability. Due regard has been paid to the risks inherent in the economy and the financial statements have been prepared on a going concern basis. |