IRIS Accounts Production v24.1.9.2 OC423661 designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4236612023-03-31OC4236612024-03-31OC4236612023-04-012024-03-31OC4236612022-03-31OC4236612022-04-012023-03-31OC4236612023-03-31OC423661ns15:EnglandWales2023-04-012024-03-31OC423661ns14:PoundSterling2023-04-012024-03-31OC423661ns10:Director12023-04-012024-03-31OC423661ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC423661ns10:SmallEntities2023-04-012024-03-31OC423661ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC423661ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC423661ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC423661ns10:AbridgedAccounts2023-04-012024-03-31OC423661ns10:Director22023-04-012024-03-31OC423661ns10:RegisteredOffice2023-04-012024-03-31OC423661ns5:CurrentFinancialInstruments2024-03-31OC423661ns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: OC423661 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Goodwin Brothers LLP

Goodwin Brothers LLP (Registered number: OC423661)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Goodwin Brothers LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: K D Goodwin
R T Goodwin
B J Goodwin
T P Goodwin





REGISTERED OFFICE: Lower Sheep Farm
Hay on Wye
Herefordshire
HR3 5PP





REGISTERED NUMBER: OC423661 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Goodwin Brothers LLP (Registered number: OC423661)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investment property 4 679,137 679,137

CURRENT ASSETS
Debtors 1,002 958
Cash at bank 48,309 25,425
49,311 26,383
CREDITORS
Amounts falling due within one year (1,000 ) (1,000 )
NET CURRENT ASSETS 48,311 25,383
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 727,448 704,520

LOANS AND OTHER DEBTS DUE TO MEMBERS 5 727,448 704,520

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 727,448 704,520

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.

Goodwin Brothers LLP (Registered number: OC423661)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 8 August 2024 and were signed by:





T P Goodwin - Designated member

Goodwin Brothers LLP (Registered number: OC423661)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Goodwin 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.

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 (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 679,137
NET BOOK VALUE
At 31 March 2024 679,137
At 31 March 2023 679,137

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests.