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REGISTERED NUMBER: OC358960 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Michael Betteridge LLP

Michael Betteridge LLP (Registered number: OC358960)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Michael Betteridge LLP

General Information
for the Year Ended 31 January 2024







DESIGNATED MEMBERS: M P Betteridge
Mrs T L Jelley





REGISTERED OFFICE: 2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS





REGISTERED NUMBER: OC358960 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Michael Betteridge LLP (Registered number: OC358960)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 3 - 129,009

CURRENT ASSETS
Stocks - 6,000
Debtors 29,531 2,593
Cash at bank 480 14,214
30,011 22,807
CREDITORS
Amounts falling due within one year (15,859 ) (82,562 )
NET CURRENT ASSETS/(LIABILITIES) 14,152 (59,755 )
TOTAL ASSETS LESS CURRENT LIABILITIES 14,152 69,254

CREDITORS
Amounts falling due after more than one
year

(14,152

)

(40,082

)
NET ASSETS ATTRIBUTABLE TO MEMBERS - 29,172

LOANS AND OTHER DEBTS DUE TO MEMBERS 4 - 29,172

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 4 - 29,172
Amounts due from members (6,018 ) -
(6,018 ) 29,172

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 January 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.

Michael Betteridge LLP (Registered number: OC358960)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 29 August 2024 and were signed by:





M P Betteridge - Designated member

Michael Betteridge LLP (Registered number: OC358960)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2023 - 6 ) .

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 386,910
Disposals (386,910 )
At 31 January 2024 -
DEPRECIATION
At 1 February 2023 257,901
Eliminated on disposal (257,901 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 129,009

Michael Betteridge LLP (Registered number: OC358960)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests.