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REGISTERED NUMBER: OC317392 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MILLER BOURNE LLP

MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLER BOURNE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Miller Bourne Limited
Ms A L Gordon
R D Morrice
C E Richards
P Hudson





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: OC317392 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,609,762 1,626,274

CURRENT ASSETS
Debtors 5 324,547 169,882
Cash at bank 44,348 99,092
368,895 268,974
CREDITORS
Amounts falling due within one year 6 277,872 299,643
NET CURRENT ASSETS/(LIABILITIES) 91,023 (30,669 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,700,785

1,595,605

CREDITORS
Amounts falling due after more than one
year

7

580,066

608,129
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,120,719

987,476

LOANS AND OTHER DEBTS DUE TO
MEMBERS

754,385

621,142

MEMBERS' OTHER INTERESTS
Revaluation reserve 8 366,334 366,334
1,120,719 987,476

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 754,385 621,142
Members' other interests 366,334 366,334
1,120,719 987,476

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 year 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.

MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)

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 31 October 2024 and were signed by:




Ms A L Gordon - Designated member




C E Richards - Designated member


MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Miller Bourne 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled 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.
Freehold property - not provided
Improvements to property - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 year was 14 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST OR VALUATION
At 1 April 2023 1,540,000 69,488 7,904
Additions - - 454
At 31 March 2024 1,540,000 69,488 8,358
DEPRECIATION
At 1 April 2023 - 30,155 4,898
Charge for year - 3,933 654
At 31 March 2024 - 34,088 5,552
NET BOOK VALUE
At 31 March 2024 1,540,000 35,400 2,806
At 31 March 2023 1,540,000 39,333 3,006

MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 74,251 36,062 1,727,705
Additions - 4,224 4,678
At 31 March 2024 74,251 40,286 1,732,383
DEPRECIATION
At 1 April 2023 38,375 28,003 101,431
Charge for year 8,969 7,634 21,190
At 31 March 2024 47,344 35,637 122,621
NET BOOK VALUE
At 31 March 2024 26,907 4,649 1,609,762
At 31 March 2023 35,876 8,059 1,626,274

Cost or valuation at 31 March 2024 is represented by:

Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
Valuation in 2008 130,000 - -
Valuation in 2012 (146,627 ) - -
Valuation in 2014 160,000 - -
Valuation in 2016 120,000 - -
Valuation in 2018 250,000 - -
Valuation in 2021 63,000 - -
Valuation in 2022 227,000 - -
Cost 736,627 69,488 8,358
1,540,000 69,488 8,358

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2008 - - 130,000
Valuation in 2012 - - (146,627 )
Valuation in 2014 - - 160,000
Valuation in 2016 - - 120,000
Valuation in 2018 - - 250,000
Valuation in 2021 - - 63,000
Valuation in 2022 - - 227,000
Cost 74,251 40,286 929,010
74,251 40,286 1,732,383

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 736,627 736,627

Freehold property was valued on an open market basis on 26 January 2022 by Carr & Priddle .

MILLER BOURNE LLP (REGISTERED NUMBER: OC317392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 175,077 102,005
Amounts recoverable on contract 81,452 9,975
Prepayments 68,018 57,902
324,547 169,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,064 27,095
Trade creditors 60,749 66,526
Social security and other taxes 9,574 6,404
VAT 64,292 37,392
Other creditors 80,543 124,606
Accruals and deferred income 27,382 27,600
Accrued expenses 7,268 10,020
277,872 299,643

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 29,146 28,064
Bank loans - 2-5 years 550,920 580,065
580,066 608,129

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 366,334