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REGISTERED NUMBER: OC324908 (England and Wales)












Financial Statements

for the Year Ended 31st March 2024

for

Philip Koomen Furniture LLP

Philip Koomen Furniture LLP (Registered number: OC324908)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Philip Koomen Furniture LLP

General Information
for the Year Ended 31st March 2024







DESIGNATED MEMBERS: P J Koomen
Mrs T E Koomen
J Koomen





REGISTERED OFFICE: Wheelers Barn
Checkenden
Reading
Berkshire
RG8 0NJ





REGISTERED NUMBER: OC324908 (England and Wales)





ACCOUNTANTS: Buffery & Co Ltd
2 West Street
Henley On Thames
Oxfordshire
RG9 2DU

Philip Koomen Furniture LLP (Registered number: OC324908)

Abridged Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 376 696

CURRENT ASSETS
Debtors 4,599 1,080
Cash at bank and in hand 15,328 13,226
19,927 14,306
CREDITORS
Amounts falling due within one year 1,200 1,320
NET CURRENT ASSETS 18,727 12,986
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

19,103

13,682

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

19,103

13,682

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 19,103 13,682

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 31st 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.

Philip Koomen Furniture LLP (Registered number: OC324908)

Abridged Balance Sheet - continued
31st March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 17th November 2024 and were signed by:





P J Koomen - Designated member

Philip Koomen Furniture LLP (Registered number: OC324908)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Philip Koomen Furniture 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.
Plant and machinery - 20% on reducing balance
Computer equipment - 33.33% 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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 7,267
DEPRECIATION
At 1st April 2023 6,571
Charge for year 320
At 31st March 2024 6,891
NET BOOK VALUE
At 31st March 2024 376
At 31st March 2023 696

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of liquidation, members rank behind creditors in priority of payment.