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Company No: OC377366 (England and Wales)

ROCKRIDGE PARTNERS LLP

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

ROCKRIDGE PARTNERS LLP

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

ROCKRIDGE PARTNERS LLP

STATEMENT OF FINANCIAL POSITION

As at 31 October 2023
ROCKRIDGE PARTNERS LLP

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 6,341 44,671
6,341 44,671
Current assets
Debtors 4 1,681 39,200
Cash at bank and in hand 147,470 176,886
149,151 216,086
Creditors: amounts falling due within one year 5 ( 8,069) ( 14,185)
Net current assets 141,082 201,901
Total assets less current liabilities 147,423 246,572
Net assets attributable to members 147,423 246,572
Represented by
Loans and other debts due to members after more than one year
Other amounts 147,423 246,572
147,423 246,572
Members' other interests
0 0
147,423 246,572
Total members' interests
Loans and other debts due to members 147,423 246,572
147,423 246,572

For the financial year ending 31 October 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

Rockridge Partners LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

The financial statements of Rockridge Partners LLP (registered number: OC377366) were approved and authorised for issue by the Board of Directors on 21 August 2024. They were signed on its behalf by:

Margaret Jane Ryan-Challinor
Designated member
ROCKRIDGE PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
ROCKRIDGE PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rockridge Partners LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Barton End Manor, Shiptons Grave Lane, Horsley, GL6 0QQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles 25 years straight line
Office equipment 25 years straight line
Computer equipment 33 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the LLP during the year 2 2

3. Tangible assets

Vehicles Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 November 2022 217,685 87,738 50,836 356,259
Additions 0 0 4,174 4,174
Disposals ( 3,223) ( 13,087) ( 25,680) ( 41,990)
At 31 October 2023 214,462 74,651 29,330 318,443
Accumulated depreciation
At 01 November 2022 183,254 81,901 46,433 311,588
Charge for the financial year 34,431 3,642 4,431 42,504
Disposals ( 3,223) ( 13,087) ( 25,680) ( 41,990)
At 31 October 2023 214,462 72,456 25,184 312,102
Net book value
At 31 October 2023 0 2,195 4,146 6,341
At 31 October 2022 34,431 5,837 4,403 44,671

4. Debtors

2023 2022
£ £
Trade debtors 1,681 0
Prepayments 0 39,200
1,681 39,200

5. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 4,800 3,600
Other creditors 3,269 10,585
8,069 14,185