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REGISTERED NUMBER: OC313678 (England and Wales)








Financial Statements

for the Period

1 May 2023 to 31 March 2024

for

Nicklin LLP

Nicklin LLP (Registered number: OC313678)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nicklin LLP

General Information
for the Period 1 May 2023 to 31 March 2024







DESIGNATED MEMBERS: M A Howell
D P Wright





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: OC313678 (England and Wales)

Nicklin LLP (Registered number: OC313678)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,293,336
Tangible assets 5 - 52,758
- 2,346,094

CURRENT ASSETS
Debtors 6 - 591,646
Cash at bank and in hand - 162,120
- 753,766
CREDITORS
Amounts falling due within one year 7 - 2,313,000
NET CURRENT LIABILITIES - (1,559,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

786,860

CREDITORS
Amounts falling due after more than one
year

8

-

459,704
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

327,156

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

327,156

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members - 327,156

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.

Nicklin LLP (Registered number: OC313678)

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 17 October 2024 and were signed by:





D P Wright - Designated member

Nicklin LLP (Registered number: OC313678)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 March 2024

1. STATUTORY INFORMATION

Nicklin 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 invoiced sales of services net of VAT except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost

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 NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023 2,541,175
Disposals (2,541,175 )
At 31 March 2024 -
AMORTISATION
At 1 May 2023 247,839
Eliminated on disposal (247,839 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 30 April 2023 2,293,336

Nicklin LLP (Registered number: OC313678)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023
and 31 March 2024 119,128 135,041 254,169
DEPRECIATION
At 1 May 2023 119,128 82,283 201,411
Charge for period - 52,758 52,758
At 31 March 2024 119,128 135,041 254,169
NET BOOK VALUE
At 31 March 2024 - - -
At 30 April 2023 - 52,758 52,758

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 583,224
Other debtors - 8,422
- 591,646

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,920,740
Hire purchase contracts - 28,335
Trade creditors - 57,598
Other Creditors - 235,958
VAT - 34,736
Accrued expenses - 35,633
- 2,313,000

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank Loan - 171,501
Other Creditors - 252,705
Hire purchase contracts - 35,498
- 459,704