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REGISTERED NUMBER: OC437772 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BUCKINGHAM & BUCKINGHAM LLP

BUCKINGHAM & BUCKINGHAM LLP (REGISTERED NUMBER: OC437772)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUCKINGHAM & BUCKINGHAM LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: T D Buckingham
I J Cook





REGISTERED OFFICE: 13 Charles II Street
London
SW1Y 4QU





REGISTERED NUMBER: OC437772 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD

BUCKINGHAM & BUCKINGHAM LLP (REGISTERED NUMBER: OC437772)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,796 2,645

CURRENT ASSETS
Debtors 6 370,545 505,828
Investments 7 - 10,000
Cash at bank 77,150 40,043
447,695 555,871
CREDITORS
Amounts falling due within one year 8 398,571 482,975
NET CURRENT ASSETS 49,124 72,896
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

52,920

75,541

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

52,918

75,539

MEMBERS' OTHER INTERESTS
Capital accounts 2 2
52,920 75,541

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 52,918 75,539
Members' other interests 2 2
52,920 75,541

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 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.

BUCKINGHAM & BUCKINGHAM LLP (REGISTERED NUMBER: OC437772)

BALANCE SHEET - continued
31 MARCH 2024


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 31 July 2024 and were signed by:





T D Buckingham - Designated member

BUCKINGHAM & BUCKINGHAM LLP (REGISTERED NUMBER: OC437772)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Buckingham & Buckingham 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention. The accounts have been prepared on a going concern basis

The financial statements are prepared in Sterling (£), rounded to the nearest £1.

Turnover
Turnover represents net invoiced sales of services and accrued income in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland, excluding value added tax.

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
Computer equipment - 33% on cost

Financial instruments
The LLP only has financial assets and liabilities of a kind that qualify as basic financial instruments.
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in the profit and loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other trade creditors are initially recognised at transaction price
and subsequently carried at amortised cost.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Pension costs and other post-retirement benefits
Members are entitled to 3% pension contributions of fixed draw per annum.

Amounts recoverable on contract
Contracts for services have been accounted for as long term contracts where contract activity falls into different accounting periods, in accordance with provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The amount recorded as turnover is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

BUCKINGHAM & BUCKINGHAM LLP (REGISTERED NUMBER: OC437772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

Members' participating rights
Members' participation rights are the rights of a member against the LLP that arise under the members'
agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from
the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A
member's participation rights including amounts subscribed or otherwise contributed by members, for example
members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to
members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due
to members' and, where such an amount relates to current year profits, they are recognised within ‘Members'
remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are
classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are
presented as debtors and shown as amounts due from members within members’ interests.

Where there exists an asset and liability component in respect of an individual member’s participation rights,
they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the
recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts
simultaneously, in which case they are presented net.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other
means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to
members’ to the extent they exceed debts due from a specific member.

4. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 - 5,600 5,600
Additions 1,775 2,396 4,171
At 31 March 2024 1,775 7,996 9,771
DEPRECIATION
At 1 April 2023 - 2,955 2,955
Charge for year 355 2,665 3,020
At 31 March 2024 355 5,620 5,975
NET BOOK VALUE
At 31 March 2024 1,420 2,376 3,796
At 31 March 2023 - 2,645 2,645

BUCKINGHAM & BUCKINGHAM LLP (REGISTERED NUMBER: OC437772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 96,172 354,339
Amounts recoverable on contract 200,000 -
Other debtors 19,428 87,042
Prepayments 54,945 64,447
370,545 505,828

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Other - 10,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Loans 139,516 -
Trade creditors 15,486 132,133
VAT 14,566 14,698
Other creditors 51,247 126,120
Client ledger balances 52,725 -
Accruals and deferred income 125,031 210,024
398,571 482,975

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

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