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REGISTERED NUMBER: OC327524 (England and Wales)









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 26,389 15,306
Investments 5 - 70,000
26,389 85,306

CURRENT ASSETS
Debtors 6 826,478 621,357
Cash at bank and in hand 179,678 157,358
1,006,156 778,715
CREDITORS
Amounts falling due within one year 7 804,740 652,157
NET CURRENT ASSETS 201,416 126,558
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 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 April 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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 9 January 2024 and were signed by:




Mrs M J Brett - Designated member



Mrs S J Wallace - Designated member


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: OC327524

Registered office: Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - Straight line over 3 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on reducing balance

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 21 (2022 - NIL ) .

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 7,989 55,871 68,165 55,990 188,015
Additions - 4,128 - 12,965 17,093
Disposals - - (28,500 ) - (28,500 )
At 30 April 2023 7,989 59,999 39,665 68,955 176,608
DEPRECIATION
At 1 May 2022 7,989 54,356 57,037 53,327 172,709
Charge for year - 1,464 794 3,752 6,010
Eliminated on disposal - - (28,500 ) - (28,500 )
At 30 April 2023 7,989 55,820 29,331 57,079 150,219
NET BOOK VALUE
At 30 April 2023 - 4,179 10,334 11,876 26,389
At 30 April 2022 - 1,515 11,128 2,663 15,306

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2022 70,000
Disposals (70,000 )
At 30 April 2023 -
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 70,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Debtors and prepaid expenses 76,858 9,516
Recoverable on contracts 128,578 105,260
Accounts rendered 372,632 420,295
Bad debt provision (80,955 ) (64,871 )
Amounts owed by associates - 3,600
Amounts due from members - 147,557
Other debtors 329,365 -
826,478 621,357

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 117,195 28,609
Amounts owed to associates 573,135 523,607
Social security and other taxes 3,742 -
VAT 110,668 99,941
804,740 652,157

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.