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REGISTERED NUMBER: OC425453 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RETAIL REALISATION LLP

RETAIL REALISATION LLP (REGISTERED NUMBER: OC425453)

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


RETAIL REALISATION LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: M I Guffogg
S Curtis
Retail Realisation Holdings Limited
J D Price





REGISTERED OFFICE: First Floor
184-186 Regent Street
London
W1B 5TW





REGISTERED NUMBER: OC425453 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

RETAIL REALISATION LLP (REGISTERED NUMBER: OC425453)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,289 5,923

CURRENT ASSETS
Debtors 5 332,804 541,812
Cash at bank 622,323 1,171,018
955,127 1,712,830
CREDITORS
Amounts falling due within one year 6 57,416 1,393,502
NET CURRENT ASSETS 897,711 319,328
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

904,000

325,251

LOANS AND OTHER DEBTS DUE TO
MEMBERS

1,052,896

474,147

MEMBERS' OTHER INTERESTS
Other reserves (148,896 ) (148,896 )
904,000 325,251

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 1,052,896 474,147
Members' other interests (148,896 ) (148,896 )
Amounts due from members 5 - (160,632 )
904,000 164,619

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.

RETAIL REALISATION LLP (REGISTERED NUMBER: OC425453)

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 27 September 2024 and were signed by:





J D Price - Designated member

RETAIL REALISATION LLP (REGISTERED NUMBER: OC425453)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Retail Realisation 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.

Turnover
Turnover represents net invoiced sales of consultancy services, excluding value added tax.

Consultancy services are recognised as turnover in the period they are provided.

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 - 33.33% on cost

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 year was 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 10,288
Additions 3,536
At 31 March 2024 13,824
DEPRECIATION
At 1 April 2023 4,365
Charge for year 3,170
At 31 March 2024 7,535
NET BOOK VALUE
At 31 March 2024 6,289
At 31 March 2023 5,923

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 288,035
Other debtors 332,804 253,777
332,804 541,812

RETAIL REALISATION LLP (REGISTERED NUMBER: OC425453)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 33,744 185,075
Taxation and social security 14,155 237,162
Other creditors 9,517 971,265
57,416 1,393,502

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Other creditors - 850,000

Hay Wain Group Limited hold a fixed and floating charge dated 22 February 2019 over all the assets of the company.