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REGISTERED NUMBER: OC317663 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AUSTINS LLP

AUSTINS LLP (REGISTERED NUMBER: OC317663)






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


AUSTINS LLP

GENERAL INFORMATION
for the Year Ended 31 MARCH 2024







DESIGNATED MEMBERS: Ms L Farrow
Mr A Pratt
Mr J M Houghton





REGISTERED OFFICE: 175 High Street
Berkhamsted
Hertfordshire
HP4 3AP





REGISTERED NUMBER: OC317663 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

AUSTINS LLP (REGISTERED NUMBER: OC317663)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,683 865

CURRENT ASSETS
Stocks 70,247 43,368
Debtors 5 164,971 138,012
Cash at bank and in hand 20,753 17,355
255,971 198,735
CREDITORS
Amounts falling due within one year 6 136,472 90,597
NET CURRENT ASSETS 119,499 108,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,182

109,003

CREDITORS
Amounts falling due after more than one
year

7

15,833

25,833
NET ASSETS ATTRIBUTABLE TO
MEMBERS

107,349

83,170

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

107,349

83,170

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 107,349 83,170
Amounts due from members 5 (20,127 ) (27,308 )
87,222 55,862

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.

AUSTINS LLP (REGISTERED NUMBER: OC317663)

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 11 November 2024 and were signed by:




Mr J M Houghton - Designated member




Mr A Pratt - Designated member


AUSTINS LLP (REGISTERED NUMBER: OC317663)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Austins LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance and 20% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 6 (2023 - 6 ) .

AUSTINS LLP (REGISTERED NUMBER: OC317663)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 30,091 63,789 93,880
Additions 2,152 2,379 4,531
At 31 March 2024 32,243 66,168 98,411
DEPRECIATION
At 1 April 2023 30,091 62,924 93,015
Charge for year 488 1,225 1,713
At 31 March 2024 30,579 64,149 94,728
NET BOOK VALUE
At 31 March 2024 1,664 2,019 3,683
At 31 March 2023 - 865 865

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,290 59,944
Amounts due from members 20,127 27,308
Prepayments 66,554 50,760
164,971 138,012

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Loans 53,710 35,315
Trade creditors 14,462 5,854
Social security and other taxes 1,805 711
VAT 50,639 33,166
Former partners' current account 506 506
Accruals and deferred income 5,350 5,045
136,472 90,597

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,833 15,833
15,833 25,833

AUSTINS LLP (REGISTERED NUMBER: OC317663)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 28,791 26,316
Taxation provision accounts 78,558 56,854
107,349 83,170

Falling due within one year 107,349 83,170

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

9. ULTIMATE CONTROLLING PARTY

The LLP has no individual controlling party. It is jointly controlled by the designated members.