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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
Mrs Yvonne Phillips
Registered Number
OC400290 (England and Wales)
Registered Office
3 WESTWOOD ROAD COULSDON CR5 1AH ENGLAND
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Y. PHILLIPS LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,868 
- 
Tangible assets
1,015 
1,980 
6,883 
1,980 
Current assets
Inventories
150 
- 
Debtors
186 
127 
Cash at bank and in hand
9,329 
7,138 
9,665 
7,265 
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)
Represented by:
Loans and other debts due to members
5,794 
(1,862)
Members' other interests
Other reserves
(2)
(2)
5,792 
(1,864)
Total members' interests
Loans and other debts due to members
5,794 
(1,862)
Members' other interests
(2)
(2)
5,792 
(1,864)
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
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Y. PHILLIPS LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
Basis of preparation
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.
Presentation currency
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
Computer equipment
25% SL
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
2
Statutory information
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 
£ 
£ 
£ 
Cost
At 1 April 2023
500 
- 
500 
Additions
6,520 
- 
6,520 
At 31 March 2024
7,020 
- 
7,020 
Amortisation
At 1 April 2023
500 
- 
500 
Charge for the year
- 
652 
652 
At 31 March 2024
500 
652 
1,152 
Net book value
At 31 March 2024
6,520 
(652)
5,868 
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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 
Depreciation
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 
Net book value
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)
Accruals
- 
11,676 
Deferred income
11,526 
- 
10,756 
11,109 
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).
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