Registered No. OC306641 (England and Wales)
ROBSON WALSH LLP
Unaudited accounts
for the year ended 31 December 2023
ROBSON WALSH LLP
LLP Information
for the year ended 31 December 2023
Designated members
Mr Andrew Brookfield
Registered Number
OC306641 (England and Wales)
Registered Office
19F PARK PARADE
London
NW10 4JH
United Kingdom
Accountants
Evolve Accounting and Tax Solutions Ltd
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
ROBSON WALSH LLP
Statement of financial position
as at 31 December 2023
Tangible assets
113,077
69,082
Cash at bank and in hand
60,888
141,912
Creditors: amounts falling due within one year
(74,284)
(76,341)
Net current assets
132,610
136,289
Total assets less current liabilities
245,687
205,371
Creditors: amounts falling due after more than one year
(12,553)
(5,833)
Net assets attributable to members
233,134
199,538
Loans and other debts due to members
223,134
189,538
Members' capital classified as equity
10,000
10,000
Loans and other debts due to members
223,134
189,538
Members' other interests
10,000
10,000
For the year ending 31 December 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 15 August 2024.
Mrs Sharan Douglas
Designated member
Limited Liability Partnership Registration No. OC306641
ROBSON WALSH LLP
Notes to the Accounts
for the year ended 31 December 2023
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
25% reducing balance
Motor vehicles
over 4 years
Fixtures & fittings
10% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
ROBSON WALSH LLP is a limited liability partnership, incorporated in England and Wales, registration number OC306641. Its registered office is 19F PARK PARADE, London, NW10 4JH, United Kingdom.
ROBSON WALSH LLP
Notes to the Accounts
for the year ended 31 December 2023
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
118,558
174,490
69,297
362,345
Additions
20,679
55,000
-
75,679
Disposals
-
(70,495)
-
(70,495)
At 31 December 2023
139,237
158,995
69,297
367,529
At 1 January 2023
112,175
153,494
27,594
293,263
Charge for the year
6,765
20,749
4,170
31,684
On disposals
-
(70,495)
-
(70,495)
At 31 December 2023
118,940
103,748
31,764
254,452
At 31 December 2023
20,297
55,247
37,533
113,077
At 31 December 2022
6,383
20,996
41,703
69,082
4
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,833
10,000
Obligations under finance leases and hire purchase contracts
12,553
-
Trade creditors
7,636
28,150
Taxes and social security costs
29,889
15,070
Other creditors
13,973
18,721
5
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,553
-
6
Loans and other debts due to members
2023
2022
Amounts due to members in respect of profits
223,134
189,538
Amounts falling due within one year
223,134
189,538
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).