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REGISTERED NUMBER: OC402426 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SMITH & STONE LLP

SMITH & STONE LLP (REGISTERED NUMBER: OC402426)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMITH & STONE LLP

GENERAL INFORMATION
for the Year Ended 31 OCTOBER 2023







DESIGNATED MEMBERS: Mr M Smith
Mr C Stone Deceased
Jupiter Callisto Limited





REGISTERED OFFICE: Nova North
11 Brassenden Place
Westminster
London
SW1E 5BY





REGISTERED NUMBER: OC402426 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

SMITH & STONE LLP (REGISTERED NUMBER: OC402426)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,462 12,692

CURRENT ASSETS
Debtors 5 278,768 239,300
Cash at bank 334,618 226,158
613,386 465,458
CREDITORS
Amounts falling due within one year 6 258,386 478,150
NET CURRENT ASSETS/(LIABILITIES) 355,000 (12,692 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

363,462

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

363,462

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 363,462 -
Amounts due from members 5 - (75,150 )
363,462 (75,150 )

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 October 2023.

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.

SMITH & STONE LLP (REGISTERED NUMBER: OC402426)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 August 2024 and were signed by:





Mr M Smith - Designated member

SMITH & STONE LLP (REGISTERED NUMBER: OC402426)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

Smith & Stone LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

The assets residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is account for prospectively.

Subsequent costs, including major inspections, are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the group and the cost can be measured reliably.

The carrying amount of any replaced component is derecognised. Major components are treated as a separate asset where they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

Repairs, maintenance and minor inspection costs are expensed as incurred.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recongnised in profit or loss and included in 'Other operating (losses)/gains'.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - 1 ).

SMITH & STONE LLP (REGISTERED NUMBER: OC402426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 21,923
DEPRECIATION
At 1 November 2022 9,231
Charge for year 4,230
At 31 October 2023 13,461
NET BOOK VALUE
At 31 October 2023 8,462
At 31 October 2022 12,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 250,302 62,680
Amounts due from members - 75,150
Other debtors - 6,870
VAT 11,056 73,331
Prepayments 17,410 21,269
278,768 239,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 139,930 475,483
Other creditors 964 267
Accrued expenses 117,492 2,400
258,386 478,150

7. ULTIMATE CONTROLLING PARTY

Smith & Stone LLP is ultimately controlled by the designated members.