2023-04-01 OC399548 2024-03-31 OC399548 2023-04-01 2024-03-31 OC399548 2023-03-31 OC399548 2022-04-01 2023-03-31 OC399548 uk-bus:PartnerLLP1 2023-04-01 2024-03-31 OC399548 uk-bus:PartnerLLP2 2023-04-01 2024-03-31 iso4217:GBP OC399548 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC399548 uk-bus:FRS102 2023-04-01 2024-03-31 OC399548 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 OC399548 uk-bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 OC399548 uk-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31
Fosters Legal LLP
Registered Number:OC399548
For the year ended 31 March 2024
England and Wales
Report of the Members and Unaudited Financial Statements
2
For the year ended 31 March 2024
Fosters Legal LLP
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
OC399548
Registered Number :
As at 31 March 2024
Fosters Legal LLP
Statement of Financial Position
2023
£
£
2024
Notes
Total assets less current liabilities
-
-
-
Net assets/liabilities attributable to members
-
Total members' interests
-
-
The LLP is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 March 2024.
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 affair of the LLP as at the end of each financial
year and of its profit or loss for each 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 Liabilities Partnerships (Accounts
and Audit) (Application of Companies Act 2006) Regulations 2008 relating to the financial statements, so far as applicable to
the LLP
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements are prepared in accordance with the provisions applicable to LLP's subject to the small LLP's regime.
Aaron FosterDesignated Member
Sandra FosterDesignated Member
These financial statements were approved by the members on 02 April 2024 and signed on their behalf by:
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For the year ended 31 March 2024
Fosters Legal LLP
Notes to the Financial Statements
1. Accounting policies
Statutory Information
Fosters Legal LLP is a limited liability partnership, domiciled in England and Wales, registration number OC399548.
Registered address:
24 High Street
Stevenage
Hertfordshire
SG1 3EJ
The presentation currency is £ sterling.
Basis of preparation
Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgments are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Turnover
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
Pensions
The LLP pays contributions to qualifying individual pension schemes which are administered independently from the LLP. These are charged to the profit and loss as they become payable.
Taxation
Taxation on all the LLP's profits is solely the personal liability of individual members and is not dealt with in these financial
statements.
Depreciation of tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Leasing and hire purchase commitments
Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Stock
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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For the year ended 31 March 2024
Fosters Legal LLP
Notes to the Financial Statements Continued
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