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REGISTERED NUMBER: OC343267 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

FOR

GRAVES SON & PILCHER LLP

GRAVES SON & PILCHER LLP (REGISTERED NUMBER: OC343267)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRAVES SON & PILCHER LLP

GENERAL INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024







DESIGNATED MEMBERS: N Mills
A J Austin
Riversong Limited





REGISTERED OFFICE: 51 Old Steine
Brighton
BN1 1HU





REGISTERED NUMBER: OC343267 (England and Wales)





ACCOUNTANTS: Haines & Co
Chartered Accountants
Carlton House
28-29 Carlton Terrace
Portslade
Brighton
BN41 1UR

GRAVES SON & PILCHER LLP (REGISTERED NUMBER: OC343267)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 104,271 -
Tangible assets 5 16,203 14,212
120,474 14,212

CURRENT ASSETS
Debtors 6 939,458 816,317
Cash at bank and in hand 48,598 28,344
988,056 844,661
CREDITORS
Amounts falling due within one year 7 849,238 503,180
NET CURRENT ASSETS 138,818 341,481
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

259,292

355,693

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

109,292

155,693

MEMBERS' OTHER INTERESTS
Capital accounts 150,000 200,000
259,292 355,693

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 109,292 155,693
Members' other interests 150,000 200,000
Amounts due from members 6 (89,730 ) (12,303 )
169,562 343,390

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 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.

GRAVES SON & PILCHER LLP (REGISTERED NUMBER: OC343267)

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 25 September 2024 and were signed by:




A J Austin - Designated member




N Mills - Designated member


GRAVES SON & PILCHER LLP (REGISTERED NUMBER: OC343267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of eight years.

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.

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% on cost, 25% on reducing balance and 20% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 29 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022 18,750
Additions 110,000
At 31 March 2024 128,750
AMORTISATION
At 1 October 2022 18,750
Charge for period 5,729
At 31 March 2024 24,479
NET BOOK VALUE
At 31 March 2024 104,271
At 30 September 2022 -

GRAVES SON & PILCHER LLP (REGISTERED NUMBER: OC343267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 189,156
Additions 12,184
At 31 March 2024 201,340
DEPRECIATION
At 1 October 2022 174,944
Charge for period 10,193
At 31 March 2024 185,137
NET BOOK VALUE
At 31 March 2024 16,203
At 30 September 2022 14,212

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 61,915 90,580
Amounts owed by group undertakings 616,992 597,852
Other debtors 260,551 127,885
939,458 816,317

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 104,986 134,187
Taxation and social security 613,977 356,909
Other creditors 130,275 12,084
849,238 503,180

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members represent allocated profits not yet paid to members and are due withing one year. In the event of a winding up, loans and other debts due to members rank equally within unsecured debts, and no additional protection is afforded to creditors.

9. CONTINGENT LIABILITIES

The company has provided a guarantee in respect of the bank borrowings of Riversong Limited, a designated member of the company. The guarantee is in the form of fixed and floating charges over the assets of the company.