Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2021 1 April 2020 false 1 April 2021 31 March 2022 31 March 2022 OC388540 Berkshire Tax Practice Limited Mr Adam Peake iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC388540 2021-03-31 OC388540 2022-03-31 OC388540 2021-04-01 2022-03-31 OC388540 frs-core:CurrentFinancialInstruments 2022-03-31 OC388540 frs-core:Non-currentFinancialInstruments 2022-03-31 OC388540 frs-bus:LimitedLiabilityPartnershipLLP 2021-04-01 2022-03-31 OC388540 frs-bus:LimitedLiabilityPartnershipsSORP 2021-04-01 2022-03-31 OC388540 frs-bus:FilletedAccounts 2021-04-01 2022-03-31 OC388540 frs-bus:SmallEntities 2021-04-01 2022-03-31 OC388540 frs-bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 OC388540 frs-bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 OC388540 frs-core:CurrentFinancialInstruments 1 2022-03-31 OC388540 frs-core:Non-currentFinancialInstruments 1 2022-03-31 OC388540 frs-core:Non-currentFinancialInstruments 3 2022-03-31 OC388540 frs-countries:EnglandWales 2021-04-01 2022-03-31 OC388540 frs-bus:PartnerLLP1 2021-04-01 2022-03-31 OC388540 frs-bus:PartnerLLP2 2021-04-01 2022-03-31 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-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
Registered number: OC388540
Berkshire Wealth LLP
Unaudited Financial Statements
For The Year Ended 31 March 2022
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
2022 2021
Notes £ £ £ £
CURRENT ASSETS
Debtors 3 265,017 240,532
Investments 4 60,000 60,000
Cash at bank and in hand 83,029 118,223
408,046 418,755
Creditors: Amounts Falling Due Within One Year 5 (481,745 ) (338,929 )
NET CURRENT ASSETS (LIABILITIES) (73,699 ) 79,826
TOTAL ASSETS LESS CURRENT LIABILITIES (73,699 ) 79,826
Creditors: Amounts Falling Due After More Than One Year 6 (817,746 ) (909,611 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (891,445 ) (829,785 )
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 44,301 86,478
44,301 86,478
Equity
Members' other interests
Members' capital (935,746) (916,263)
(935,746) (916,263)
(891,445) (829,785)
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 44,301 86,478
Members' other interests (935,746) (916,263)
(891,445) (829,785)
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Page 2
For the year ending 31 March 2022 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 (2021: 2)
2 2
3. Debtors
2022 2021
£ £
Due within one year
Trade debtors 26,165 1,680
Other debtors (1) 238,852 238,852
265,017 240,532
4. Current Asset Investments
2022 2021
£ £
Unlisted investments 60,000 60,000
60,000 60,000
5. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Trade creditors - (2 )
VAT 113,751 78,992
Other creditors 269,117 155,049
Accruals and deferred income 98,877 104,890
481,745 338,929
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Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Other creditors 274,694 150,000
Other creditors (1) 17,993 103,358
Other creditors (2) - 131,194
Other creditors (3) 525,059 525,059
817,746 909,611
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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