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REGISTERED NUMBER: OC362797 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOMERS BAKER PRINCE KURZ LLP

SOMERS BAKER PRINCE KURZ LLP (REGISTERED NUMBER: OC362797)






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


SOMERS BAKER PRINCE KURZ LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Dorabess Limited
DJ Gass Ltd





REGISTERED OFFICE: Chancellors House
3 Brampton Lane
Hendon
NW4 4AB





REGISTERED NUMBER: OC362797 (England and Wales)





ACCOUNTANTS: Somers Baker Prince Kurz LLP
Chartered Accountants
Chancellors House
3 Brampton Lane
Hendon
London
NW4 4AB

SOMERS BAKER PRINCE KURZ LLP (REGISTERED NUMBER: OC362797)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,603 4,333

CURRENT ASSETS
Work in progress 58,492 30,827
Debtors 5 589,858 667,717
Cash at bank 53,335 33,511
701,685 732,055
CREDITORS
Amounts falling due within one year 6 211,021 307,831
NET CURRENT ASSETS 490,664 424,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,267

428,557

CREDITORS
Amounts falling due after more than one
year

7

42,989

188,153
NET ASSETS ATTRIBUTABLE TO
MEMBERS

451,278

240,404

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

401,278

190,404

MEMBERS' OTHER INTERESTS
Capital accounts 50,000 50,000
451,278 240,404

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 401,278 190,404
Members' other interests 50,000 50,000
451,278 240,404

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.

SOMERS BAKER PRINCE KURZ LLP (REGISTERED NUMBER: OC362797)

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 10 October 2024 and were signed by:




Dorabess Limited - Designated member




DJ Gass Ltd - Designated member


SOMERS BAKER PRINCE KURZ LLP (REGISTERED NUMBER: OC362797)

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

1. STATUTORY INFORMATION

Somers Baker Prince Kurz 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.

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 - at variable rates on reducing balance

Work in progress
Work in progress is valued at net realisable value.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 20,302
Additions 739
At 31 March 2024 21,041
DEPRECIATION
At 1 April 2023 15,969
Charge for year 1,469
At 31 March 2024 17,438
NET BOOK VALUE
At 31 March 2024 3,603
At 31 March 2023 4,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,214 104,530
Amounts owed by participating interests 457,956 448,636
Amounts owed by associates 16,000 66,000
Other debtors 53,688 48,551
589,858 667,717

SOMERS BAKER PRINCE KURZ LLP (REGISTERED NUMBER: OC362797)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Amount due to former partners 122,634 180,000
Trade creditors 28,508 55,748
Taxation and social security 26,529 30,378
Other creditors 23,350 31,705
211,021 307,831

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,333 23,333
Amount due to former partners 29,656 164,820
42,989 188,153

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 401,278 190,404

Falling due within one year 401,278 190,404

Loans and other debts are payable to members after settling all liabilities to third parties.