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REGISTERED NUMBER: OC354589 (England and Wales)


















Unaudited Financial Statements

for the Period 1 May 2023 to 31 March 2024

for

Spencer Munson LLP

Spencer Munson LLP (Registered number: OC354589)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Spencer Munson LLP (Registered number: OC354589)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 64,769 107,209
Cash at bank and in hand 1,588 10,863
66,357 118,072
CREDITORS
Amounts falling due within one year 5 (66,357 ) (107,277 )
NET CURRENT ASSETS - 10,795
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

10,795

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

-

10,795

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 - 10,795

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 4 September 2024 and were signed by:





S R Munson - Designated member

Spencer Munson LLP (Registered number: OC354589)

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

1. STATUTORY INFORMATION

Spencer Munson LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC354589

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

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 period was 13 (2023 - 15 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,556 104,466
Other debtors 4,213 2,743
64,769 107,209

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,820 -
Amounts owed to related party 19,193 69,154
Taxation and social security 39,304 34,193
Other creditors 5,040 3,930
66,357 107,277

6. LEASING AGREEMENTS
The company's car leasing commitments are £9,663 (2023: £10,803).

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and debts due to members rank behind with those in relation to other creditors.