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REGISTERED NUMBER: OC303023 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FINEMAN ROSS LLP

FINEMAN ROSS LLP (REGISTERED NUMBER: OC303023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


FINEMAN ROSS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Maddox Real Estate Limited
Redwalls Property Services Limited





REGISTERED OFFICE: 17 Grosvenor Hill
Mayfair
London
W1K 3QB





REGISTERED NUMBER: OC303023 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

FINEMAN ROSS LLP (REGISTERED NUMBER: OC303023)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of chartered surveyors and property consultants.

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

Longstowe Property Services Limited
Maddox Real Estate Limited
Redwalls Property Services Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £377,390 (2023 - £1,265,012 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Maddox Real Estate Limited - Designated member


11 October 2024

FINEMAN ROSS LLP (REGISTERED NUMBER: OC303023)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

31/3/24 31/3/23
Notes £    £   

TURNOVER 915,000 1,827,790

Cost of sales 12,646 1,292
GROSS PROFIT 902,354 1,826,498

Administrative expenses 521,334 562,142
OPERATING PROFIT 4 381,020 1,264,356

Interest receivable and similar income 120 656
381,140 1,265,012

Interest payable and similar expenses 3,750 -
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



377,390



1,265,012

FINEMAN ROSS LLP (REGISTERED NUMBER: OC303023)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 50,259 55,843

CURRENT ASSETS
Debtors 6 308,964 23,669
Cash at bank and in hand 128,219 83,042
437,183 106,711
CREDITORS
Amounts falling due within one year 7 237,442 65,025
NET CURRENT ASSETS 199,741 41,686
TOTAL ASSETS LESS CURRENT LIABILITIES 250,000 97,529

CREDITORS
Amounts falling due after more than one
year

8

250,000

-
NET ASSETS ATTRIBUTABLE TO MEMBERS - 97,529

LOANS AND OTHER DEBTS DUE TO MEMBERS - 97,529

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members - 97,529
Amounts due from members 6 (106,560 ) -
(106,560 ) 97,529

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.

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 11 October 2024 and were signed by:



Longstowe Property Services Limited - Designated member

FINEMAN ROSS LLP (REGISTERED NUMBER: OC303023)

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

1. STATUTORY INFORMATION

Fineman Ross 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.

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.

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 7 (2023 - 8 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31/3/24 31/3/23
£    £   
Depreciation - owned assets 5,584 6,205

FINEMAN ROSS LLP (REGISTERED NUMBER: OC303023)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 254,640
DEPRECIATION
At 1 April 2023 198,797
Charge for year 5,584
At 31 March 2024 204,381
NET BOOK VALUE
At 31 March 2024 50,259
At 31 March 2023 55,843

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 178,000 -
Other debtors 130,964 23,669
308,964 23,669

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 38,841 14,880
Taxation and social security 36,501 15,296
Other creditors 162,100 34,849
237,442 65,025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans 250,000 -