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REGISTERED NUMBER: OC301883 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

NEWDALES LLP

NEWDALES LLP (REGISTERED NUMBER: OC301883)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWDALES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DESIGNATED MEMBERS: L Brook
C A Ward





REGISTERED OFFICE: 7 Market Walk
Saffron Walden
Essex
CB10 1JZ





REGISTERED NUMBER: OC301883 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

NEWDALES LLP (REGISTERED NUMBER: OC301883)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 117,000 117,000
Tangible assets 5 226,338 236,937
343,338 353,937

CURRENT ASSETS
Stocks 94,748 181,500
Debtors 6 6,824 28,137
Cash at bank 152,976 92,735
254,548 302,372
CREDITORS
Amounts falling due within one year 7 165,375 178,911
NET CURRENT ASSETS 89,173 123,461
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

432,511

477,398

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

432,511

477,398

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 432,511 477,398

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 30th 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.

NEWDALES LLP (REGISTERED NUMBER: OC301883)

BALANCE SHEET - continued
30TH JUNE 2023


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 5th April 2024 and were signed by:





L Brook - Designated member

NEWDALES LLP (REGISTERED NUMBER: OC301883)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Newdales 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - 1 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022
and 30th June 2023 117,000
NET BOOK VALUE
At 30th June 2023 117,000
At 30th June 2022 117,000

NEWDALES LLP (REGISTERED NUMBER: OC301883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st July 2022 191,762 26,338 59,995 278,095
Additions - 665 - 665
At 30th June 2023 191,762 27,003 59,995 278,760
DEPRECIATION
At 1st July 2022 - 23,093 18,065 41,158
Charge for year - 781 10,483 11,264
At 30th June 2023 - 23,874 28,548 52,422
NET BOOK VALUE
At 30th June 2023 191,762 3,129 31,447 226,338
At 30th June 2022 191,762 3,245 41,930 236,937

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,824 28,137

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 111,233 152,611
Taxation and social security 16,888 -
Other creditors 37,254 26,300
165,375 178,911

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with unsecured creditors.