Registered No. OC400290 (England and Wales)
Y. PHILLIPS LLP
Unaudited accounts
for the year ended 31 March 2024
Y. PHILLIPS LLP
LLP Information
for the year ended 31 March 2024
Designated members
Mr Joshua Behman Phillips
Registered Number
OC400290 (England and Wales)
Registered Office
3 WESTWOOD ROAD
COULSDON
CR5 1AH
ENGLAND
Y. PHILLIPS LLP
Statement of financial position
as at 31 March 2024
Tangible assets
1,015
1,980
Cash at bank and in hand
9,329
7,138
Creditors: amounts falling due within one year
(10,756)
(11,109)
Net current liabilities
(1,091)
(3,844)
Net assets/(liabilities) attributable to members
5,792
(1,864)
Loans and other debts due to members
5,794
(1,862)
Loans and other debts due to members
5,794
(1,862)
Members' other interests
(2)
(2)
For the year ending 31 March 2024 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 Yvonne Phillips
Designated member
Limited Liability Partnership Registration No. OC400290
Y. PHILLIPS LLP
Notes to the Accounts
for the year ended 31 March 2024
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 assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% SL
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Y. PHILLIPS LLP is a limited liability partnership, incorporated in England and Wales, registration number OC400290. Its registered office is 3 WESTWOOD ROAD, COULSDON, CR5 1AH, ENGLAND.
3
Intangible fixed assets
Goodwill
Other
Total
At 31 March 2024
7,020
-
7,020
Charge for the year
-
652
652
At 31 March 2024
500
652
1,152
At 31 March 2024
6,520
(652)
5,868
Y. PHILLIPS LLP
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
2,514
10,661
13,175
At 31 March 2024
2,514
10,661
13,175
At 1 April 2023
2,514
8,681
11,195
Charge for the year
-
965
965
At 31 March 2024
2,514
9,646
12,160
At 31 March 2024
-
1,015
1,015
At 31 March 2023
-
1,980
1,980
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security costs
(343)
(104)
Other creditors
(427)
(463)
6
Loans and other debts due to members
2024
2023
Amounts due to members in respect of profits
5,794
(1,862)
Amounts falling due within one year
5,794
(1,862)
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 19 (2023: 17).