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REGISTERED NUMBER: OC446118 (England and Wales)


















Report of the Members and

Unaudited Financial Statements

for the Period 3 March 2023 to 31 March 2024

for

Lutyens & Rubinstein LLP

Lutyens & Rubinstein LLP (Registered number: OC446118)

Contents of the Financial Statements
for the Period 3 March 2023 to 31 March 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Lutyens & Rubinstein LLP

General Information
for the Period 3 March 2023 to 31 March 2024







DESIGNATED MEMBERS: Ms S Lutyens
Ms F Rubinstein
Mrs J Finigan





REGISTERED OFFICE: 1 Bell Street
London
NW1 5BY





REGISTERED NUMBER: OC446118 (England and Wales)





ACCOUNTANTS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY

Lutyens & Rubinstein LLP (Registered number: OC446118)

Report of the Members
for the Period 3 March 2023 to 31 March 2024


The members present their report with the financial statements of the LLP for the period 3 March 2023 to 31 March 2024.

INCORPORATION
The LLP was incorporated on 3 March 2023 and commenced trading on 1 April 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of

DESIGNATED MEMBERS
The designated members during the period under review were:

Ms S Lutyens
Ms F Rubinstein
Mrs J Finigan

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £261,026.

MEMBERS' INTERESTS

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:





Ms S Lutyens - Designated member


16 July 2024

Lutyens & Rubinstein LLP (Registered number: OC446118)

Income Statement
for the Period 3 March 2023 to 31 March 2024

Notes £   

TURNOVER 566,521

Cost of sales (59,505 )
GROSS PROFIT 507,016

Administrative expenses (245,990 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




261,026

Lutyens & Rubinstein LLP (Registered number: OC446118)

Balance Sheet
31 March 2024

Notes £   
FIXED ASSETS
Tangible assets 5 625

CURRENT ASSETS
Debtors 6 149,290
Cash at bank and in hand 32,109
181,399
CREDITORS
Amounts falling due within one year 7 (43,067 )
NET CURRENT ASSETS 138,332
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

138,957

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

138,957

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 138,957

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 period 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 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 16 July 2024 and were signed by:





Mrs J Finigan - Designated member

Lutyens & Rubinstein LLP (Registered number: OC446118)

Notes to the Financial Statements
for the Period 3 March 2023 to 31 March 2024


1. STATUTORY INFORMATION

Lutyens & Rubinstein 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.
Plant and machinery etc - 25% on reducing balance

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.

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 period was 4 .

4. OPERATING PROFIT

The operating profit is stated after charging:

£   
Depreciation - owned assets 209

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 834
At 31 March 2024 834
DEPRECIATION
Charge for period 209
At 31 March 2024 209
NET BOOK VALUE
At 31 March 2024 625

Lutyens & Rubinstein LLP (Registered number: OC446118)

Notes to the Financial Statements - continued
for the Period 3 March 2023 to 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 69,980
Other debtors 79,310
149,290

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 16,690
Taxation and social security 18,434
Other creditors 7,943
43,067

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members is classified as a debt and would rank in pari pasu with other creditors.