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Registered number: OC416993
EVANS PEARSON (2017) LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
ABSL
11 Bankside Close
Bexley
DA5 2HE
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: OC416993
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 179 223
179 223
CURRENT ASSETS
Debtors 5 600 1,344
Cash at bank and in hand 13,277 2,604
13,877 3,948
Creditors: Amounts Falling Due Within One Year 6 (16,104 ) (20,374 )
NET CURRENT ASSETS (LIABILITIES) (2,227 ) (16,426 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,048 ) (16,203 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (2,048 ) (16,203 )
REPRESENTED BY:
Equity
Members' other interests
Members' capital 50,000 50,000
Other reserves (52,048) (66,203)
(2,048) (16,203)
TOTAL MEMBERS' INTEREST
Members' other interests (2,048) (16,203)
(2,048) (16,203)
Page 1
Page 2
For the year ending 31 March 2024 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr James Dyson
Partner
17th June 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY
Members' other interests
Members'Capital classified as Equity Other Reserves Total Equity Total members' interest
£ £ £ £
Balance at 1 April 2022 40,000 (44,024 ) (4,024) (4,024)
Profit/(loss) for the financial year available for discretionary division among members - (12,179 ) (12,179 ) (12,179 )
Members' interests after profit/(loss) for the year 40,000 (56,203) (16,203) (16,203)
Introduced by members 10,000 - 10,000 10,000
Other Movements - (10,000) (10,000) (10,000)
As at 31 March 2023 and 1 April 2023 50,000 (66,203) (16,203) (16,203)
Profit/(loss) for the financial year available for discretionary division among members - 19,125 19,125 19,125
Members' interests after profit/(loss) for the year 50,000 (47,078) 2,922 2,922
Other Movements - (4,970) (4,970) (4,970)
As at 31 March 2024 50,000 (52,048) (2,048) (2,048)
Members Balance: Christopher Evans
B/Fwd £13,830
Capital Introduced £0
Share of Profit £3,825
Capital Repaid £0
Drawing £(2,485)
C/Fwd £15,170
Members Balance: Roderick Pearson
B/Fwd £13,830
Capital Introduced £0
Share of Profit £3,825
Capital Repaid £0
Drawing £(2,485)
C/Fwd £13,830
Members Balance: James Dyson
B/Fwd £(43863)
Capital Introduced £0
Share of Profit £11,475
Drawing £0
C/Fwd £(32,388)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
EVANS PEARSON (2017) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC416993 . The Registered Office is 1 Princes Close, Clapham Old Town, London, SW4 0LG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20%
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 845
As at 31 March 2024 845
Depreciation
As at 1 April 2023 622
Provided during the period 44
As at 31 March 2024 666
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2024 179
As at 1 April 2023 223
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 600 -
VAT - 1,344
600 1,344
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,638 2,284
VAT 376 -
Loan 12,000 17,000
Accruals and deferred income 1,090 1,090
16,104 20,374
Page 5