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REGISTERED NUMBER: OC413431 (England and Wales)















EWBANK'S LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 31 MARCH 2024






EWBANK'S LLP (REGISTERED NUMBER: OC413431)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 September 2023 to 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

EWBANK'S LLP

GENERAL INFORMATION
for the period 1 September 2023 to 31 March 2024







Designated members: L Ewbank
A Ewbank
T W Duggan
A D McCrea





Registered office: Burnt Common Auction Rooms
London Road
Send
Woking
GU23 7LN





Registered number: OC413431 (England and Wales)





Accountants: JPS Accountancy Limited
Chartered Accountants
Thorncroft Manor
Thorncroft Drive
Leatherhead
Surrey
KT22 8JB

EWBANK'S LLP (REGISTERED NUMBER: OC413431)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 62,070 85,930
62,070 85,930

CURRENT ASSETS
Debtors 6 516,788 359,009
Cash at bank 429,262 367,888
946,050 726,897
CREDITORS
Amounts falling due within one year 7 (603,561 ) (370,737 )
NET CURRENT ASSETS 342,489 356,160
TOTAL ASSETS LESS CURRENT LIABILITIES 404,559 442,090

CREDITORS
Amounts falling due after more than one
year

8

(259,177

)

(281,639

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 145,382 160,451

EWBANK'S LLP (REGISTERED NUMBER: OC413431)

BALANCE SHEET - continued
31 March 2024

2024 2023
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

74,132

89,451

MEMBERS' OTHER INTERESTS
Capital accounts 71,250 71,000
145,382 160,451

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 74,132 89,451
Members' other interests 71,250 71,000
Amounts due from members 6 (88,421 ) (104,679 )
56,961 55,772

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.

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 Profit and Loss Account 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:




L Ewbank - Designated member



A Ewbank - Designated member


EWBANK'S LLP (REGISTERED NUMBER: OC413431)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 September 2023 to 31 March 2024


1. STATUTORY INFORMATION

Ewbank's 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention unless otherwise stated below.

Turnover
Revenue is measured as the fair value of consideration receivable for the supply of auction services excluding discounts, rebates and value added tax.

Goodwill
Goodwill relates to the purchase of a business in prior years which has been transferred to the LLP on incorporation at 1 September 2016. This goodwill has been amortised over 5 years from the date of incorporation.

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 - 25% on reducing balance
Motor vehicles - 25% on cost

Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in profit or loss, and included in administrative expenses.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price, including transaction cost. The LLP has no financial assets at fair value through profit or loss. All subsequent remeasurement of financial assets and liabilities are recognised at amortised cost. The LLP has no non-basic financial instruments.

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.

Members remuneration
Remuneration paid under a contractual arrangement has been charged against profits in the year as "Members remuneration charged as an expense".

EWBANK'S LLP (REGISTERED NUMBER: OC413431)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 September 2023 to 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases are charged to profit and loss on a straight line basis over the lease term.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 33 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 September 2023
and 31 March 2024 20,000
Amortisation
At 1 September 2023
and 31 March 2024 20,000
Net book value
At 31 March 2024 -
At 31 August 2023 -

EWBANK'S LLP (REGISTERED NUMBER: OC413431)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 September 2023 to 31 March 2024


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 September 2023 84,279 132,885 130,063 347,227
Additions - 869 - 869
At 31 March 2024 84,279 133,754 130,063 348,096
Depreciation
At 1 September 2023 84,279 78,005 99,013 261,297
Charge for period - 8,022 16,707 24,729
At 31 March 2024 84,279 86,027 115,720 286,026
Net book value
At 31 March 2024 - 47,727 14,343 62,070
At 31 August 2023 - 54,880 31,050 85,930

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 270,603 165,586
Other debtors 246,185 193,423
516,788 359,009

Included within other debtors is £88,421 (2023: £104,679) due from members.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,861 6,971
Hire purchase contracts 13,507 12,871
Trade creditors 396,122 240,313
Taxation and social security 148,065 91,106
Other creditors 32,006 19,476
603,561 370,737

The aggregate amount of creditors falling due within one year for which security has been given amounts to £27,368 (2023: £19,842).

There is a fixed and floating charge over the assets of the LLP as security for the bank loan.

The hire purchase contracts are secured over the assets to which they relate.

EWBANK'S LLP (REGISTERED NUMBER: OC413431)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 September 2023 to 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 228,025 242,476
Hire purchase contracts 31,152 39,163
259,177 281,639

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 159,235 207,882

The aggregate amount of creditors falling due after more than one year for which security has been given amounts to £259,177 (2023: £281,639).

There is a fixed and floating charge over the assets of the LLP as security for the bank loan.

The hire purchase contracts are secured over the assets to which they relate.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 74,132 89,451

Falling due within one year 74,132 89,451

In the event of winding up, the amounts included in 'Loans and other debts due to members' will rank below unsecured creditors. Individual members' capital contributions are not repayable until the member retires from the LLP.

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EWBANK'S LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Ewbank's LLP for the period ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Ewbank's LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ewbank's LLP and state those matters that we have agreed to state to the members of Ewbank's LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ewbank's LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Ewbank's LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ewbank's LLP. You consider that Ewbank's LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Ewbank's LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JPS Accountancy Limited
Chartered Accountants
Thorncroft Manor
Thorncroft Drive
Leatherhead
Surrey
KT22 8JB


17 October 2024