1 April 2023 false No description of principal activity Taxfiler 2024.5 OC396034business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 OC3960342023-03-31 OC3960342023-04-012024-03-31 OC396034business:AuditExemptWithAccountantsReport2023-04-012024-03-31 OC396034business:FullAccounts2023-04-012024-03-31 OC3960342024-03-31 OC396034business:PartnerLLP12023-04-012024-03-31 OC396034business:PartnerLLP22023-04-012024-03-31 OC396034business:RegisteredOffice2023-04-012024-03-31 OC3960342023-03-31 OC396034core:WithinOneYear2024-03-31 OC396034core:WithinOneYear2023-03-31 OC396034business:SmallEntities2023-04-012024-03-31 OC396034countries:EnglandWales2023-04-012024-03-31 OC3960342022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. OC396034 (England and Wales)
Greg Hall Jewellery LLP Unaudited accounts for the year ended 31 March 2024
Greg Hall Jewellery LLP LLP Information for the year ended 31 March 2024
Designated members
Mr G P Hall
Mr J C Owen
Registered Number
OC396034 (England and Wales)
Registered Office
2 Meeting House Lane Brighton East Sussex BN1 1HB
Accountants
D M Pettitt Accountancy Services 33 Bowmans Close Steyning West Sussex BN44 3SR
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Greg Hall Jewellery LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
693,036 
687,710 
Debtors
17,067 
9,853 
Cash at bank and in hand
12,550 
16,738 
722,653 
714,301 
Creditors: amounts falling due within one year
(134,385)
(117,708)
Net current assets
588,268 
596,593 
Net assets attributable to members
588,268 
596,593 
Represented by:
Loans and other debts due to members
588,268 
596,593 
588,268 
596,593 
Total members' interests
Loans and other debts due to members
588,268 
596,593 
588,268 
596,593 
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 31 October 2024.
Mr G P Hall Designated member Limited Liability Partnership Registration No. OC396034
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Greg Hall Jewellery LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Members' remuneration
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense. Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
2
Statutory information
Greg Hall Jewellery LLP is a limited liability partnership, incorporated in England and Wales, registration number OC396034. Its registered office is 2 Meeting House Lane, Brighton, East Sussex, BN1 1HB.
3
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
35,493 
32,332 
Trade creditors
47,973 
44,909 
Taxes and social security costs
6,551 
8,292 
Other creditors
42,000 
30,000 
Accruals
2,368 
2,175 
134,385 
117,708 
4
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
588,268 
596,593 
Amounts falling due within one year
588,268 
596,593 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
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Greg Hall Jewellery LLP Notes to the Accounts for the year ended 31 March 2024
5
Pension commitments
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.
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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