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REGISTERED NUMBER: OC317785 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

GLOVER ENTERPRISES LLP
TRADING AS
MARTIN & CO

GLOVER ENTERPRISES LLP (REGISTERED NUMBER: OC317785)
TRADING AS MARTIN & CO






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOVER ENTERPRISES LLP
TRADING AS MARTIN & CO

GENERAL INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DESIGNATED MEMBERS: Mr G M Glover
Mrs W E Glover





REGISTERED OFFICE: 22 New Bridge Street
TRURO
Cornwall
TR1 2AA





REGISTERED NUMBER: OC317785 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

GLOVER ENTERPRISES LLP (REGISTERED NUMBER: OC317785)
TRADING AS MARTIN & CO

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 25,721 27,329
Tangible assets 6 31,307 36,692
57,028 64,021

CURRENT ASSETS
Debtors 7 6,674 6,089
Cash at bank 22,301 22,727
28,975 28,816
CREDITORS
Amounts falling due within one year 8 48,452 44,317
NET CURRENT LIABILITIES (19,477 ) (15,501 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,551

48,520

CREDITORS
Amounts falling due after more than one
year

9

25,493

43,377
NET ASSETS ATTRIBUTABLE TO
MEMBERS

12,058

5,143

GLOVER ENTERPRISES LLP (REGISTERED NUMBER: OC317785)
TRADING AS MARTIN & CO

BALANCE SHEET - continued
5 APRIL 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

11,958

5,043

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
12,058 5,143

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11,958 5,043
Members' other interests 100 100
12,058 5,143

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 5 April 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 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 Profit and loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 August 2024 and were signed by:





Mrs W E Glover - Designated member

GLOVER ENTERPRISES LLP (REGISTERED NUMBER: OC317785)
TRADING AS MARTIN & CO

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Glover Enterprises 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.

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.

Franchise fee are being amortised evenly over their estimated useful life of nil years.

Lease premium are being amortised evenly over their estimated useful life of nil years.

Property portfolio is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2023 - 7 ) .

GLOVER ENTERPRISES LLP (REGISTERED NUMBER: OC317785)
TRADING AS MARTIN & CO

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 6 April 2023
and 5 April 2024 56,651
AMORTISATION
At 6 April 2023 29,322
Charge for year 1,608
At 5 April 2024 30,930
NET BOOK VALUE
At 5 April 2024 25,721
At 5 April 2023 27,329

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023 93,195
Additions 6,947
At 5 April 2024 100,142
DEPRECIATION
At 6 April 2023 56,503
Charge for year 12,332
At 5 April 2024 68,835
NET BOOK VALUE
At 5 April 2024 31,307
At 5 April 2023 36,692

GLOVER ENTERPRISES LLP (REGISTERED NUMBER: OC317785)
TRADING AS MARTIN & CO

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 50,166
DEPRECIATION
At 6 April 2023 21,374
Charge for year 7,198
At 5 April 2024 28,572
NET BOOK VALUE
At 5 April 2024 21,594
At 5 April 2023 28,792

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,674 6,089

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,799 9,229
Hire purchase contracts 8,158 8,158
Trade creditors 1,924 3,105
Taxation and social security 19,553 14,193
Other creditors 9,018 9,632
48,452 44,317

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,845 20,571
Hire purchase contracts 14,648 22,806
25,493 43,377