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REGISTERED NUMBER: OC319497 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2023 to 31 March 2024

for

Alan Baxter Partnership LLP

Alan Baxter Partnership LLP (Registered number: OC319497)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alan Baxter Partnership LLP

General Information
for the Period 1 May 2023 to 31 March 2024







DESIGNATED MEMBERS: I R Richards
A Long
S Rayner





REGISTERED OFFICE: The Clock Building
Pympes Court, Busbridge Road
Loose
Maidstone
Kent
ME15 0HZ





REGISTERED NUMBER: OC319497 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

Alan Baxter Partnership LLP (Registered number: OC319497)

Balance Sheet
31 March 2024

31.3.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,017 11,309
7,017 11,309

CURRENT ASSETS
Debtors 6 341,287 317,054
Cash at bank and in hand 338 3,068
341,625 320,122
CREDITORS
Amounts falling due within one year 7 254,062 206,300
NET CURRENT ASSETS 87,563 113,822
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

94,580

125,131

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

94,580

125,131

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 94,580 125,131
Amounts due from members 6 (80,632 ) (74,261 )
13,948 50,870

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 period 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.

Alan Baxter Partnership LLP (Registered number: OC319497)

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 14 November 2024 and were signed by:




I R Richards - Designated member




A Long - Designated member


Alan Baxter Partnership LLP (Registered number: OC319497)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 March 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost, 25% on cost and 10% 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 period was 24 (2023 - 23 ) .

Alan Baxter Partnership LLP (Registered number: OC319497)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 31 March 2024 85,504
AMORTISATION
At 1 May 2023
and 31 March 2024 85,504
NET BOOK VALUE
At 31 March 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 48,530
Additions 2,313
Disposals (4,454 )
At 31 March 2024 46,389
DEPRECIATION
At 1 May 2023 37,221
Charge for period 6,605
Eliminated on disposal (4,454 )
At 31 March 2024 39,372
NET BOOK VALUE
At 31 March 2024 7,017
At 30 April 2023 11,309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.4.23
£    £   
Trade debtors 194,162 181,470
Other debtors 147,125 135,584
341,287 317,054

Alan Baxter Partnership LLP (Registered number: OC319497)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.4.23
£    £   
Bank loans and overdrafts 58,117 18,488
Trade creditors 27,640 19,399
Taxation and social security 135,143 142,553
Other creditors 33,162 25,860
254,062 206,300

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

The interests of the members rank after other creditors on a winding up. There are no formal restrictions or limitations on the ability of the members to reduce the amount of Members' other interests.

9. OTHER FINANCIAL COMMITMENTS

The LLP has outstanding liabilities on property leases of £111,450 at the year end (2022: £143,100).

10. ULTIMATE CONTROLLING PARTY

The LLP is controlled by its members.