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REGISTERED NUMBER: OC336081 (England and Wales)


















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2022 TO 29 SEPTEMBER 2023

FOR

PLATT BRIDGE CONSORTIUM LIMITED
LIABILITY PARTNERSHIP

PLATT BRIDGE CONSORTIUM LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC336081)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 October 2022 to 29 September 2023




Page

General Information 1

Report of the Members 2

Statement of Comprehensive Income 3

Statement of Financial Position 4

Notes to the Financial Statements 6


PLATT BRIDGE CONSORTIUM LIMITED
LIABILITY PARTNERSHIP

GENERAL INFORMATION
for the Period 1 October 2022 to 29 September 2023







DESIGNATED MEMBERS: Peter Buckley (Platt Bridge) Limited
Heaton Platt Bridge Limited





REGISTERED OFFICE: Platt Bridge Health Centre
Rivington Avenue
Wigan
Lancashire
WN2 4NG





REGISTERED NUMBER: OC336081 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

PLATT BRIDGE CONSORTIUM LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC336081)

REPORT OF THE MEMBERS
for the Period 1 October 2022 to 29 September 2023

The members present their report with the financial statements of the LLP for the period 1 October 2022 to 29 September 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of retail chemists.

DESIGNATED MEMBERS
The designated members during the period under review were:

Peter Buckley (Platt Bridge) Limited
Heaton Platt Bridge Limited

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The loss for the period before members' remuneration and profit shares was £93,575 (2022 - £106,029 loss).

MEMBERS' INTERESTS
The capital of the LLP belongs to the partners in the proportions in which it was contributed.

The profits of the LLP for each accounting period shall belong to the partners in their due profit sharing ratio.

The members are entitled to draw against their respective share of the profit with each member having to repay on demand any excess of drawings over their due entitlement for any accounting period. Interest of 2% above bank base rate applies to any such excess drawings. Any profits not taken may be drawn during the next or any subsequent accounting period.

ON BEHALF OF THE MEMBERS:





Heaton Platt Bridge Limited - Designated member


17 September 2024

PLATT BRIDGE CONSORTIUM LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC336081)

STATEMENT OF COMPREHENSIVE
INCOME
for the Period 1 October 2022 to 29 September 2023

Period
1/10/22
to Year Ended
29/9/23 30/9/22
£    £   

TURNOVER 1,868,353 1,737,722

Cost of sales 1,409,489 1,304,514
GROSS PROFIT 458,864 433,208

Administrative expenses 556,938 547,158
(98,074 ) (113,950 )

Other operating income 6,063 7,921
(92,011 ) (106,029 )


Interest payable and similar expenses 1,564 -
LOSS FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


(93,575


)


(106,029


)


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

(93,575

)

(106,029

)

PLATT BRIDGE CONSORTIUM LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC336081)

STATEMENT OF FINANCIAL POSITION
29 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,042 34,495

CURRENT ASSETS
Stocks 73,452 81,249
Debtors 5 208,549 219,633
Cash at bank and in hand 15,658 78,401
297,659 379,283
CREDITORS
Amounts falling due within one year 6 267,271 317,773
NET CURRENT ASSETS 30,388 61,510
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

58,430

96,005

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

58,430

96,005

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 58,430 96,005

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 period ended 29 September 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.

PLATT BRIDGE CONSORTIUM LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC336081)

STATEMENT OF FINANCIAL POSITION - continued
29 September 2023


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

The financial statements were approved by the members of the LLP and authorised for issue on 17 September 2024 and were signed by:




Peter Buckley (Platt Bridge) Limited - Designated member




Heaton Platt Bridge Limited - Designated member


PLATT BRIDGE CONSORTIUM LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC336081)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 October 2022 to 29 September 2023

1. STATUTORY INFORMATION

Platt Bridge Consortium Limited Liability Partnership 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historic cost convention.

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 principle accounting policies adopted in the preparation of the financial statements are set out below.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the LLP's accounting policies, the members are required to make judgements, estimates and assumptions in determining 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. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions actual results may differ.

These 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.

Critical judgements and estimates
The critical judgements and estimates that the members have made in the process of applying the LLP's accounting policies that have the most significant effect on the amounts recognised in the financial statements are discussed below.

Provisions against stock
At the reporting date the members make judgements, based on prior experience, regarding the level of provision required to account for stock that is slow moving or obsolete.

Turnover
Turnover represents the net value of NHS dispensing income and invoice value of goods sold, excluding value added tax. Turnover is recognised at the fair value of the consideration received or receivable for goods provided.. Turnover is recognised when the goods have been collected by customers.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 10% and 15% on reducing balance and 33.3% on cost

Stocks
Stocks are valued at the lower of cost and selling price after making due allowance for obsolete and slow moving items.

PLATT BRIDGE CONSORTIUM LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC336081)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2022 to 29 September 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The LLP has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The LLP only has basic financial instruments. These result in the recognition of financial assets and liabilities such as trade debtors, trade creditors, prepayments and accruals.

Financial assets and liabilities that are payable or receivable within one year, typically trade debtors, trade creditors, prepayments and accruals are measured initially and subsequently at the undiscounted amount of the cash consideration that is expected to be paid or received.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 17 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 82,330
Additions 350
Disposals (1,288 )
At 29 September 2023 81,392
DEPRECIATION
At 1 October 2022 47,835
Charge for period 5,847
Eliminated on disposal (332 )
At 29 September 2023 53,350
NET BOOK VALUE
At 29 September 2023 28,042
At 30 September 2022 34,495

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 139,666 143,166
Other debtors 68,883 76,467
208,549 219,633

PLATT BRIDGE CONSORTIUM LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC336081)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2022 to 29 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 222,834 276,484
Taxation and social security 4,599 17,558
Other creditors 39,838 23,731
267,271 317,773

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 41,232 41,232
Between one and five years 164,928 164,928
In more than five years 412,320 453,552
618,480 659,712

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 58,430 96,005

Falling due within one year 58,430 96,005

In the event of a winding up all monies due to unsecured creditors of the LLP would rank above loans and other debts due to members.

There is a restriction in place that if a member draws amounts in excess of their share of profit for a period then this is repayable upon demand. Interest of 2% above bank base rate applies to any such excess drawings.

9. RELATED PARTY DISCLOSURES

Peter Buckley (Platt Bridge) Limited
A company which is a designated member of the LLP

At the reporting date the LLP owed Peter Buckley (Platt Bridge) Limited £18,462 (2022: £45,842) in respect of its share of accumulated profits.


Heaton Platt Bridge Limited
A company which is a designated member of the LLP

At the reporting date the LLP owed Heaton Platt Bridge Limited £39,968 (2022: £50,163) in respect of its share of accumulated profits.