Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2020 1 April 2019 false 1 April 2020 31 March 2021 31 March 2021 OC388540 Berkshire Tax Practice Limited Mr Adam Peake iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC388540 2020-03-31 OC388540 2021-03-31 OC388540 2020-04-01 2021-03-31 OC388540 frs-core:CurrentFinancialInstruments 2021-03-31 OC388540 frs-core:Non-currentFinancialInstruments 2021-03-31 OC388540 frs-bus:LimitedLiabilityPartnershipLLP 2020-04-01 2021-03-31 OC388540 frs-bus:LimitedLiabilityPartnershipsSORP 2020-04-01 2021-03-31 OC388540 frs-bus:FilletedAccounts 2020-04-01 2021-03-31 OC388540 frs-bus:SmallEntities 2020-04-01 2021-03-31 OC388540 frs-bus:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 OC388540 frs-bus:SmallCompaniesRegimeForAccounts 2020-04-01 2021-03-31 OC388540 frs-core:CurrentFinancialInstruments 1 2021-03-31 OC388540 frs-core:Non-currentFinancialInstruments 1 2021-03-31 OC388540 frs-core:Non-currentFinancialInstruments 2 2021-03-31 OC388540 frs-core:Non-currentFinancialInstruments 3 2021-03-31 OC388540 frs-countries:EnglandWales 2020-04-01 2021-03-31 OC388540 frs-bus:PartnerLLP1 2020-04-01 2021-03-31 OC388540 frs-bus:PartnerLLP2 2020-04-01 2021-03-31 OC388540 2019-03-31 OC388540 2020-03-31 OC388540 2019-04-01 2020-03-31 OC388540 frs-core:CurrentFinancialInstruments 2020-03-31 OC388540 frs-core:Non-currentFinancialInstruments 2020-03-31 OC388540 frs-core:CurrentFinancialInstruments 1 2020-03-31 OC388540 frs-core:Non-currentFinancialInstruments 1 2020-03-31 OC388540 frs-core:Non-currentFinancialInstruments 2 2020-03-31 OC388540 frs-core:Non-currentFinancialInstruments 3 2020-03-31 OC388540 frs-core:Non-currentFinancialInstruments 5 2020-03-31
Registered number: OC388540
Berkshire Wealth LLP
Unaudited Financial Statements
For The Year Ended 31 March 2021
Berkshire Tax Practice Limited
33 High Street
Ascot
Berkshire
SL5 7HG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC388540
2021 2020
Notes £ £ £ £
CURRENT ASSETS
Debtors 3 240,532 441,152
Investments 4 60,000 -
Cash at bank and in hand 118,223 76,750
418,755 517,902
Creditors: Amounts Falling Due Within One Year 5 (338,929 ) (468,303 )
NET CURRENT ASSETS (LIABILITIES) 79,826 49,599
TOTAL ASSETS LESS CURRENT LIABILITIES 79,826 49,599
Creditors: Amounts Falling Due After More Than One Year 6 (909,611 ) (875,559 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (829,785 ) (825,960 )
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 86,478 120,833
86,478 120,833
Equity
Members' other interests
Members' capital (916,263) (946,793)
(916,263) (946,793)
(829,785) (825,960)
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 86,478 120,833
Members' other interests (916,263) (946,793)
(829,785) (825,960)
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Page 2
For the year ending 31 March 2021 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Adam Peake
Designated Member
13/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2. Average Number of Employees
Average number of employees, including members, during the year was as follows: 2 (2020: 2)
2 2
3. Debtors
2021 2020
£ £
Due within one year
Trade debtors 1,680 1,680
Loans due from Members 238,852 439,472
240,532 441,152
4. Current Asset Investments
2021 2020
£ £
Unlisted investments 60,000 -
60,000 -
5. Creditors: Amounts Falling Due Within One Year
2021 2020
£ £
Trade creditors (2 ) 1
VAT and other taxes 78,992 37,279
Other creditors 155,049 119,531
Accruals and deferred income 104,890 311,492
338,929 468,303
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Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2021 2020
£ £
Other creditors 150,000 -
Legal Fees provision 103,358 185,000
Other creditors (2) 131,194 -
Loan Note Liabilities 525,059 673,559
Other creditors (5) - 17,000
909,611 875,559
7. General Information
Berkshire Wealth is a limited liability partnership, incorporated in England, registered number OC388540]. The Registered Office is 32/33 high Street, Ascot, Berkshire, SL5 7HG.
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