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REGISTERED NUMBER: OC418934 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BAROSH LLP

BAROSH LLP (REGISTERED NUMBER: OC418934)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAROSH LLP

GENERAL INFORMATION
for the year ended 31 March 2024







DESIGNATED MEMBERS: Mr R Parsons
Mrs S K Parsons
Mr B G Parsons





REGISTERED OFFICE: 77 Hartwell Road
Ashton
Northamptonshire
NN7 2JR





REGISTERED NUMBER: OC418934 (England and Wales)

BAROSH LLP (REGISTERED NUMBER: OC418934)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,356 50,223

CURRENT ASSETS
Debtors 248,225 113,512
Cash at bank 2,170 10,451
250,395 123,963
CREDITORS
Amounts falling due within one year 5 (245,927 ) (117,680 )
NET CURRENT ASSETS 4,468 6,283
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,824

56,506

CREDITORS
Amounts falling due after more than one
year

6

(42,824

)

(37,654

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

18,852

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

-

18,852

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 18,852
Amounts due from members (248,225 ) (113,512 )
(248,225 ) (94,660 )

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.

BAROSH LLP (REGISTERED NUMBER: OC418934)

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.

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 & Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12 August 2024 and were signed by:





Mr B G Parsons - Designated member

BAROSH LLP (REGISTERED NUMBER: OC418934)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Barosh LLP (OC418934) is a Limited Liability Partnership registered in England and Wales. Its registered office is 77 Hartwell Road, Northampton, United Kingdom, NN7 2JR.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 as modified by the revaluation of certain assets.

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated. The LLP has adopted FRS 102 Section 1A Small Entities in these financial statements.

The financial statements are presented in Sterling (£) and the figures are rounded to the nearest £1.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Computer equipment-25% straight line
Motor Vehicles-25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

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.

BAROSH LLP (REGISTERED NUMBER: OC418934)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 78,050 2,513 80,563
Additions 33,100 470 33,570
Disposals (62,775 ) - (62,775 )
At 31 March 2024 48,375 2,983 51,358
DEPRECIATION
At 1 April 2023 28,912 1,428 30,340
Charge for year 3,303 693 3,996
Eliminated on disposal (21,334 ) - (21,334 )
At 31 March 2024 10,881 2,121 13,002
NET BOOK VALUE
At 31 March 2024 37,494 862 38,356
At 31 March 2023 49,138 1,085 50,223

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 7) - 10,084
Trade creditors 2,328 2,520
Taxation and social security 450 5,367
Other creditors 243,149 99,709
245,927 117,680

BAROSH LLP (REGISTERED NUMBER: OC418934)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 7) - 28,554
Other creditors 42,824 9,100
42,824 37,654

7. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year - 10,084
Between one and five years - 28,554
- 38,638

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits - 18,852

Falling due within one year - 18,852

In the event of a winding up the amounts included in "Loans and advances other debts due to members" will rank equally with unsecured creditors.

9. RELATED PARTY DISCLOSURES

As at the year end Barosh LLP owed £232,000 (2023: £93,000) to a connected party by virtue of common control, the amount is interest free and repayable on demand.