Limited Liability Partnership registration number OC393874 (England and Wales)
THE BOWLER GOURMET BALLS LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
THE BOWLER GOURMET BALLS LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
J Felwick
R Felwick
LLP registration number
OC393874
Registered office
7 Grosvenor Gardens
Victoria
London
SW1W 0AF
Accountants
David Smith & Co
7 Grosvenor Gardens
Victoria
London
SW1W 0AF
THE BOWLER GOURMET BALLS LLP
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
13,727
27,133
Current assets
Debtors
5
2,300
4,436
Cash at bank and in hand
31,413
11,332
33,713
15,768
Creditors: amounts falling due within one year
6
(46,940)
(38,570)
Net current liabilities
(13,227)
(22,802)
Total assets less current liabilities
500
4,331
Creditors: amounts falling due after more than one year
7
(8,535)
(13,716)
Net liabilities attributable to members
(8,035)
(9,385)
Represented by:
Loans and other debts due to members within one year
10
Amounts due in respect of profits
16,289
8,438
Other amounts
(24,524)
(18,023)
(8,235)
(9,585)
Members' other interests
10
Members' capital classified as equity
200
200
(8,035)
(9,385)

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 31 March 2024 the limited liability partnership 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) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

THE BOWLER GOURMET BALLS LLP
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the members and authorised for issue on 19 June 2024 and are signed on their behalf by:
19 June 2024
J  Felwick
Designated member
Limited Liability Partnership registration number OC393874 (England and Wales)
THE BOWLER GOURMET BALLS LLP
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Limited liability partnership information

The Bowler Gourmet Balls LLP is a limited liability partnership incorporated in England and Wales. The registered office is 7 Grosvenor Gardens, Victoria, London, SW1W 0AF.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the sale of goods, excluding value added tax.

1.3
Members' participating interests

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

 

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members'.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

1.4
Tangible fixed assets

Tangible fixed assets are measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost over their useful lives on the following bases:

Plant and machinery
25% of written down value
Temporary building
20% straight line
Computer equipment
one-third of cost per annum
Motor      vehicles
25% of written down value
1.5
Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

THE BOWLER GOURMET BALLS LLP
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the limited liability partnership’s accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average number of persons (including members) employed by the partnership during the year was:

2024
2023
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
59,876
Additions
5,946
Disposals
(30,009)
At 31 March 2024
35,813
Depreciation and impairment
At 1 April 2023
32,743
Depreciation charged in the year
8,779
Eliminated in respect of disposals
(19,436)
At 31 March 2024
22,086
Carrying amount
At 31 March 2024
13,727
At 31 March 2023
27,133
THE BOWLER GOURMET BALLS LLP
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
2,136
Other debtors
2,300
2,300
2,300
4,436
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,000
5,000
Taxation and social security
1,110
509
Other creditors
40,830
33,061
46,940
38,570
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,535
13,716

 

8
Loans and other debts due to members

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

9
Controlling party
The ultimate controlling party is the member Mr J Felwick.
THE BOWLER GOURMET BALLS LLP
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
10
Reconciliation of Members' Interests
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total
2024
£
£
£
£
£
£
Amounts due to members
(9,585)
Members' interests at 1 April 2023
200
-
200
(9,585)
(9,585)
(9,385)
Profit for the financial year available for discretionary division among members
-
7,851
7,851
-
-
7,851
Members' interests after profit for the year
200
7,851
8,051
(9,585)
(9,585)
(1,534)
Allocation of profit for the financial year
-
-
-
7,851
7,851
7,851
Other divisions of profits
-
(7,851)
(7,851)
-
-
(7,851)
Drawings
-
-
-
(6,501)
(6,501)
(6,501)
Members' interests at 31 March 2024
200
-
200
(8,235)
(8,235)
(8,035)
Amounts due to members
(8,235)
(8,235)
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