IRIS Accounts Production v24.1.9.2 OC338615 designated member designated member 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3386152022-12-31OC3386152023-12-31OC3386152023-01-012023-12-31OC3386152021-11-30OC3386152021-12-012022-12-31OC3386152022-12-31OC338615ns15:EnglandWales2023-01-012023-12-31OC338615ns14:PoundSterling2023-01-012023-12-31OC338615ns10:Director12023-01-012023-12-31OC338615ns10:Director22023-01-012023-12-31OC338615ns10:LimitedLiabilityPartnershipLLP2023-01-012023-12-31OC338615ns10:SmallEntities2023-01-012023-12-31OC338615ns10:AuditExemptWithAccountantsReport2023-01-012023-12-31OC338615ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31OC338615ns10:LimitedLiabilityPartnershipsSORP2023-01-012023-12-31OC338615ns10:FullAccounts2023-01-012023-12-31OC338615ns10:RegisteredOffice2023-01-012023-12-31OC338615ns5:CurrentFinancialInstruments2023-12-31OC338615ns5:CurrentFinancialInstruments2022-12-31OC338615ns5:Non-currentFinancialInstruments2023-12-31OC338615ns5:Non-currentFinancialInstruments2022-12-31OC338615ns5:RevaluationReserve2023-12-31OC338615ns5:RevaluationReserve2022-12-31OC338615ns5:FurnitureFittings2023-01-012023-12-31OC338615ns5:PlantMachinery2022-12-31OC338615ns5:PlantMachinery2023-01-012023-12-31OC338615ns5:PlantMachinery2023-12-31OC338615ns5:PlantMachinery2022-12-31OC338615ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31OC338615ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31OC338615ns5:RevaluationReserve2022-12-31
REGISTERED NUMBER: OC338615 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SIMMONS BROTHERS LLP

SIMMONS BROTHERS LLP (REGISTERED NUMBER: OC338615)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

General Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SIMMONS BROTHERS LLP

General Information
for the year ended 31 December 2023







Designated members: G Simmons
R Simmons





Registered office: Unit 23 IO Trade Centre
57a Croydon Road
Beddington
Croydon
Surrey
CR0 4WQ





Registered number: OC338615 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

Accountants' Report to the Members
on the Unaudited Financial Statements of
Simmons Brothers LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Simmons Brothers LLP for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Simmons Brothers LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Simmons Brothers LLP and state those matters that we have agreed to state to the members of Simmons Brothers LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Simmons Brothers LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Simmons Brothers LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Simmons Brothers LLP. You consider that Simmons Brothers LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Simmons Brothers LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


22 July 2024

SIMMONS BROTHERS LLP (REGISTERED NUMBER: OC338615)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 458 611
Investment property 5 825,000 825,000
825,458 825,611

Current assets
Debtors 6 1,280 1,097
Cash at bank 69 1,025
1,349 2,122
Creditors
Amounts falling due within one year 7 23,274 32,163
Net current liabilities (21,925 ) (30,041 )
Total assets less current liabilities 803,533 795,570

Creditors
Amounts falling due after more than one
year

8

122,378

147,011
Net assets attributable to members 681,155 648,559

Loans and other debts due to members 9 397,224 364,628

Members' other interests
Revaluation reserve 10 283,931 283,931
681,155 648,559

Total members' interests
Loans and other debts due to members 9 397,224 364,628
Members' other interests 283,931 283,931
681,155 648,559

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 31 December 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.

SIMMONS BROTHERS LLP (REGISTERED NUMBER: OC338615)

Balance Sheet - continued
31 December 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 19 July 2024 and were signed by:




G Simmons - Designated member




R Simmons - Designated member


SIMMONS BROTHERS LLP (REGISTERED NUMBER: OC338615)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Simmons Brothers 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.

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 - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. Employee information

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

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 January 2023
and 31 December 2023 34,759
Depreciation
At 1 January 2023 34,148
Charge for year 153
At 31 December 2023 34,301
Net book value
At 31 December 2023 458
At 31 December 2022 611

5. Investment property
Total
£
Fair value
At 1 January 2023
and 31 December 2023 825,000
Net book value
At 31 December 2023 825,000
At 31 December 2022 825,000

SIMMONS BROTHERS LLP (REGISTERED NUMBER: OC338615)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 1,280 1,097

7. Creditors: amounts falling due within one year
2023 2022
£ £
Taxation and social security 2,654 1,454
Other creditors 20,620 30,709
23,274 32,163

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 122,378 147,011

9. Loans and other debts due to members
2023 2022
£ £
Amounts owed to members in respect of profits 397,224 364,628

Falling due within one year 397,224 364,628

In the event of a winding up the amounts included in "Loans and advances other debts due to members" will rank equally with unsecured creditors.

10. Reserves
Revaluation
reserve
£
At 1 January 2023
and 31 December 2023 283,931