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REGISTERED NUMBER: OC323026 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2022 to 31 March 2024

for

D Faulkner Springs LLP

D Faulkner Springs LLP (Registered number: OC323026)






Contents of the Financial Statements
for the Period 1 October 2022 to 31 March 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


D Faulkner Springs LLP

General Information
for the Period 1 October 2022 to 31 March 2024







DESIGNATED MEMBERS: Mrs J A Faulkner
P P Faulkner
A Faulkner
Mrs S Faulkner





REGISTERED OFFICE: Greensleeves
Northfields Lane
Westergate
Chichester
West Sussex
PO20 3UH





REGISTERED NUMBER: OC323026 (England and Wales)





ACCOUNTANTS: Robert Sadler & Company Ltd
Chartered Accountants
30B Southgate
Chichester
West Sussex
PO19 1DP

D Faulkner Springs LLP (Registered number: OC323026)

Abridged Balance Sheet
31 March 2024

31.3.24 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,136 129,599

CURRENT ASSETS
Stocks 396,501 382,749
Debtors 49,592 30,259
Cash at bank and in hand 174,262 141,843
620,355 554,851
CREDITORS
Amounts falling due within one year 47,989 49,995
NET CURRENT ASSETS 572,366 504,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,502

634,455

CREDITORS
Amounts falling due after more than one year 13,910 17,688
NET ASSETS ATTRIBUTABLE TO
MEMBERS

648,592

616,767

D Faulkner Springs LLP (Registered number: OC323026)

Abridged Balance Sheet - continued
31 March 2024

31.3.24 30.9.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

623,592

591,767

MEMBERS' OTHER INTERESTS
Capital accounts 25,000 25,000
648,592 616,767

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 623,592 591,767
Members' other interests 25,000 25,000
648,592 616,767

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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 15 October 2024 and were signed by:





A Faulkner - Designated member

D Faulkner Springs LLP (Registered number: OC323026)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 March 2024

1. STATUTORY INFORMATION

D Faulkner Springs 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 income receivable from retailing springs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 274,098
Additions 6,411
At 31 March 2024 280,509
DEPRECIATION
At 1 October 2022 144,499
Charge for period 45,874
At 31 March 2024 190,373
NET BOOK VALUE
At 31 March 2024 90,136
At 30 September 2022 129,599