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REGISTERED NUMBER: OC443208 (England and Wales)















Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Brave Within LLP

Brave Within LLP (Registered number: OC443208)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

General Information 1

Report of the Members 2

Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


Brave Within LLP

General Information
for the year ended 31 March 2024







Designated members: Ms C T Stephenson
Mrs C S Clarke





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: OC443208 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

Brave Within LLP (Registered number: OC443208)

Report of the Members
for the year ended 31 March 2024


The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

Principal activity
The principal activity of the LLP in the year under review was that of management consultancy.

Designated members
The designated members during the year under review were:

Ms C T Stephenson
Mrs C S Clarke

Results for the year and allocation to members
The profit for the year before members' remuneration and profit shares was £425,389 (2023 - £131,506 profit).

The LLP commenced to trade on 1 September 2022 so the comparative figures are not entirely comparable.

Members' interests

On behalf of the members:





Mrs C S Clarke - Designated member


28 October 2024

Accountants' Report to the Members
on the Unaudited Financial Statements of
Brave Within LLP



In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Brave Within LLP for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

This report is made solely to the members of Brave Within LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brave Within LLP and state those matters that we have agreed to state to the members of Brave Within LLP, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Brave Within LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brave Within LLP. You consider that Brave Within LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brave Within LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP


5 November 2024

Brave Within LLP (Registered number: OC443208)

Income Statement
for the year ended 31 March 2024

Period
20/7/22
Year ended to
31/3/24 31/3/23
£ £

Turnover 603,355 262,752

Cost of sales (95,551 ) (67,288 )
Gross profit 507,804 195,464

Administrative expenses (82,415 ) (63,958 )
Operating profit and
Profit for the financial year before
members' remuneration and profit shares
available for discretionary division among
members



425,389



131,506

Brave Within LLP (Registered number: OC443208)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,228 656

Current assets
Debtors 5 154,597 105,753
Cash at bank 114,067 62,538
268,664 168,291
Creditors
Amounts falling due within one year 6 112,089 76,599
Net current assets 156,575 91,692
Total assets less current liabilities
and
Net assets attributable to members 157,803 92,348

Loans and other debts due to members 7 157,803 92,348

Total members' interests
Loans and other debts due to members 7 157,803 92,348

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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 28 October 2024 and were signed by:




Ms C T Stephenson - Designated member




Mrs C S Clarke - Designated member


Brave Within LLP (Registered number: OC443208)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Brave Within 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 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.

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 year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 April 2023 716
Additions 1,000
At 31 March 2024 1,716
Depreciation
At 1 April 2023 60
Charge for year 428
At 31 March 2024 488
Net book value
At 31 March 2024 1,228
At 31 March 2023 656

Brave Within LLP (Registered number: OC443208)

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 100,161 79,860
Other debtors 54,436 25,893
154,597 105,753

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 5,606 48,359
Taxation and social security 51,047 24,133
Other creditors 55,436 4,107
112,089 76,599

7. Loans and other debts due to members
2024 2023
£ £
Amounts owed to members in respect of profits 157,803 92,348

Falling due within one year 157,803 92,348

In the event of a winding up, distribution of the assets available would be firstly to the creditors of the LLP and then secondly to the members in accordance with their respective entitlements.