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REGISTERED NUMBER: OC430260 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Here Be Dragons Books LLP

Here Be Dragons Books LLP (Registered number: OC430260)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Here Be Dragons Books LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: A Hastie
Mrs K Hastie





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: OC430260 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Here Be Dragons Books LLP (Registered number: OC430260)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 17,257 6,087
Tangible assets 5 1,386 -
18,643 6,087

CURRENT ASSETS
Debtors 6 6,437 -
Cash at bank 16,076 1,157
22,513 1,157
CREDITORS
Amounts falling due within one year 7 (4,945 ) (13 )
NET CURRENT ASSETS 17,568 1,144
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

36,211

7,231

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 36,211 7,231
36,211 7,231

TOTAL MEMBERS' INTERESTS
Members' other interests 36,211 7,231

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 March 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.

Here Be Dragons Books LLP (Registered number: OC430260)

Balance Sheet - continued
31 March 2024


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 11 September 2024 and were signed by:





A Hastie - Designated member

Here Be Dragons Books LLP (Registered number: OC430260)

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


1. STATUTORY INFORMATION

Here Be Dragons Books LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

The functional and presentational currency of the LLP is pounds sterling.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Book rights are being amortised evenly over their estimated useful life of five years.

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 - 25% straight line basis

3. EMPLOYEE INFORMATION

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

Here Be Dragons Books LLP (Registered number: OC430260)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 16,600
Additions 16,100
At 31 March 2024 32,700
AMORTISATION
At 1 April 2023 10,513
Charge for year 4,930
At 31 March 2024 15,443
NET BOOK VALUE
At 31 March 2024 17,257
At 31 March 2023 6,087

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,536
At 31 March 2024 1,536
DEPRECIATION
Charge for year 150
At 31 March 2024 150
NET BOOK VALUE
At 31 March 2024 1,386

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,437 -

Here Be Dragons Books LLP (Registered number: OC430260)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,932 -
Other creditors 13 13
4,945 13

8. RELATED PARTY DISCLOSURES

During the year Here Be Dragons Ltd, a member of the partnership paid the partnership for the use of book rights for a consideration of £1,600 (2023: £1,600).

During the year the LLP paid its member Here Be Dragons Ltd £37,943 (2023: £13,467) in respect of advertising services provided.

During the year Mr Andrew Hastie, a designated member of the LLP, introduced book rights to the LLP at a professional valuation of £16,100.