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REGISTERED NUMBER: OC419808 (England and Wales)















Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Rudd & Son LLP

Rudd & Son LLP (Registered number: OC419808)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rudd & Son LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: Sir A N R Rudd
T N Rudd





REGISTERED OFFICE: 1st Floor Offices
10 Hereford Road
Abergavenny
Monmouthshire
NP7 5PR





REGISTERED NUMBER: OC419808 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

Rudd & Son LLP (Registered number: OC419808)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 918,314 916,000

CURRENT ASSETS
Debtors 5 638,074 1,050,468
Cash at bank 9,295 2,995
647,369 1,053,463
CREDITORS
Amounts falling due within one year 6 10,500 123,266
NET CURRENT ASSETS 636,869 930,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,555,183

1,846,197

CREDITORS
Amounts falling due after more than one
year

7

-

292,500
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,555,183

1,553,697

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,555,183

1,553,697

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,555,183 1,553,697

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 5 April 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.

Rudd & Son LLP (Registered number: OC419808)

Balance Sheet - continued
5 April 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 20 September 2024 and were signed by:





Sir A N R Rudd - Designated member

Rudd & Son LLP (Registered number: OC419808)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Rudd & Son 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 916,000
Additions 2,314
At 5 April 2024 918,314
NET BOOK VALUE
At 5 April 2024 918,314
At 5 April 2023 916,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other debtors 638,074 1,050,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts - 112,500
Trade creditors 2,547 2,835
Other creditors 7,953 7,931
10,500 123,266

Rudd & Son LLP (Registered number: OC419808)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans - 292,500

8. SECURED DEBTS

The following secured debts are included within creditors:

5.4.24 5.4.23
£    £   
Bank loans - 405,000

The bank loan is secured by a legal charge over three of the investment properties.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Balances owing to members rank pari passu with other debts.

10. RELATED PARTY DISCLOSURES

During the period the partnership made loans to two entities which are connected to its members. At the balance sheet date the partnership was owed an amount of £597,500 (2022 - £1,008,000) by Rother House Finance Limited and £38,150 (2022 - £38,500) by Rudd Farms Limited.