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REGISTERED NUMBER: OC349530 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 MARCH 2024

FOR

BECKFORD JAMES LLP

BECKFORD JAMES LLP (REGISTERED NUMBER: OC349530)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 MARCH 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BECKFORD JAMES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 1 MARCH 2024







DESIGNATED MEMBERS: Mr J E Maguire
Mr M Larbalestier
Mrs P Lake





REGISTERED OFFICE: Queen Square House
Queen Square Place
Bath
Somerset
BA1 2LL





REGISTERED NUMBER: OC349530 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU

BECKFORD JAMES LLP (REGISTERED NUMBER: OC349530)

STATEMENT OF FINANCIAL POSITION
1 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 238,189 172,185
Cash at bank and in hand 2,379 244,125
240,568 416,310
CREDITORS
Amounts falling due within one year 5 10,740 31,998
NET CURRENT ASSETS 229,828 384,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,828

384,312

PROVISIONS FOR LIABILITIES 175,675 265,178
NET ASSETS ATTRIBUTABLE TO
MEMBERS

54,153

119,134

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

-

64,981

MEMBERS' OTHER INTERESTS
Capital accounts 54,153 54,153
54,153 119,134

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 - 64,981
Members' other interests 54,153 54,153
Amounts due from members 4 (227,669 ) (161,039 )
(173,516 ) (41,905 )

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 1 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.

BECKFORD JAMES LLP (REGISTERED NUMBER: OC349530)

STATEMENT OF FINANCIAL POSITION - continued
1 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 26 November 2024 and were signed by:





Mr J E Maguire - Designated member

BECKFORD JAMES LLP (REGISTERED NUMBER: OC349530)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 MARCH 2024

1. STATUTORY INFORMATION

Beckford James 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 for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

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

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 NIL (2023 - 25 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,244 8,748
Other debtors 229,945 163,437
238,189 172,185

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,325 24,583
Other creditors 7,415 7,415
10,740 31,998

BECKFORD JAMES LLP (REGISTERED NUMBER: OC349530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1 MARCH 2024

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' capital accounts are treated as debts.

Members' current accounts are treated as equity.