Company No:
Contents
Note | 31.03.2024 | 30.04.2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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278,317 | 286,992 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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780,918 | 835,657 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 261,640 | 309,573 | ||
Total assets less current liabilities | 539,957 | 596,565 | ||
Creditors: amounts falling due after more than one year | 6 | (
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Net assets attributable to members |
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Represented by | ||||
Loans and other debts due to members within one year | ||||
Other amounts | 188,063 | 201,423 | ||
188,063 | 201,423 | |||
Members' other interests | ||||
Other reserves | 338,561 | 372,642 | ||
338,561 | 372,642 | |||
526,624 | 574,065 | |||
Total members' interests | ||||
Loans and other debts due to members | 188,063 | 201,423 | ||
Members' other interests | 338,561 | 372,642 | ||
526,624 | 574,065 |
Members' responsibilities:
The financial statements of Berry Redmond Gordon and Penney LLP (registered number:
R M S Berry
Designated member |
C A Georgiou
Designated member |
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S Simms
Designated member |
M H Homewood
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Berry Redmond Gordon and Penney LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 50 Boulevard, Weston-Super-Mare, BS23 1NF, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The current year period is a shortened period of eleven months due to the company changing there year end in line with the new change is basis period. Comparative figures in the accounts and the related notes are therefore not entirely comparable.
Turnover is recognised by reference to the stage of completion of the engagement and when the amount of turnover can be reliably measured. The stage of completion is measured by comparing the costs incurred for work performed to date to the total estimated costs of the engagement. Unbilled revenue is included in debtors as amounts recoverable on client contracts.
Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Land and buildings | not depreciated |
Leasehold improvements |
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Vehicles |
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Fixtures and fittings |
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Office equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of work in progress over its estimated receivable amount is recognised as a bad debt in profit or loss. Reversals of bad debt write offs are also recognised in profit or loss.
The LLP agreement provides that the profits are allocated to members each year. These amounts are included within members' remuneration charges to the profit and loss account.
In the event of a winding up, members other reserves rank after unsecured creditors. Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up. There is no formal restriction on the ability of the LLP to reduce the amount of members' other interests.
Period from 01.05.2023 to 31.03.2024 |
Year ended 30.04.2023 |
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Number | Number | ||
Monthly average number of persons employed by the LLP during the period |
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Land and buildings | Leasehold improve- ments |
Vehicles | Fixtures and fittings | Office equipment | Total | ||||||
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Cost | |||||||||||
At 01 May 2023 |
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At 31 March 2024 |
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Accumulated depreciation | |||||||||||
At 01 May 2023 |
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Charge for the financial period |
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At 31 March 2024 |
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Net book value | |||||||||||
At 31 March 2024 |
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At 30 April 2023 |
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31.03.2024 | 30.04.2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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31.03.2024 | 30.04.2023 | ||
£ | £ | ||
Bank loans |
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Trade creditors |
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Other taxation and social security |
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Other creditors |
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31.03.2024 | 30.04.2023 | ||
£ | £ | ||
Bank loans |
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