2022-12-01 OC359771 2023-11-30 OC359771 2022-12-01 2023-11-30 OC359771 2022-11-30 OC359771 2021-12-01 2022-11-30 OC359771 uk-core:WithinOneYear 2022-11-30 OC359771 uk-core:WithinOneYear 2023-11-30 OC359771 uk-core:AfterOneYear 2022-11-30 OC359771 uk-core:AfterOneYear 2023-11-30 OC359771 uk-core:RevaluationReserve 2023-11-30 OC359771 uk-core:RevaluationReserve 2022-11-30 OC359771 uk-bus:PartnerLLP1 2022-12-01 2023-11-30 OC359771 uk-core:MotorCars 2022-12-01 2023-11-30 OC359771 uk-core:ComputerEquipment 2022-12-01 2023-11-30 OC359771 uk-core:ComputerEquipment 2022-11-30 OC359771 uk-core:MotorCars 2022-11-30 OC359771 uk-core:Buildings 2022-11-30 OC359771 uk-core:Buildings 2022-12-01 2023-11-30 OC359771 uk-core:Buildings 2023-11-30 OC359771 uk-core:MotorCars 2023-11-30 OC359771 uk-core:ComputerEquipment 2023-11-30 OC359771 uk-core:WithinOneYear uk-core:Secured 2023-11-30 OC359771 uk-core:WithinOneYear uk-core:Secured 2022-11-30 OC359771 uk-core:WithinOneYear 2023-11-30 OC359771 uk-core:WithinOneYear 2022-11-30 OC359771 uk-core:AfterOneYear uk-core:Secured 2022-11-30 OC359771 uk-core:AfterOneYear uk-core:Secured 2023-11-30 iso4217:GBP xbrli:pure OC359771 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 OC359771 uk-bus:FRS102 2022-12-01 2023-11-30 OC359771 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 OC359771 uk-bus:LimitedLiabilityPartnershipLLP 2022-12-01 2023-11-30
Draft
REAM PARTNERSHIP LLP
Registered Number:OC359771
For the year ended 30 November 2023
England and Wales
Report of the Members and Unaudited Financial Statements
2
Draft
For the year ended 30 November 2023
REAM PARTNERSHIP LLP
Contents Page
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Statement of Financial Position
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Notes to the Financial Statements
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OC359771
Registered Number :
As at 30 November 2023
REAM PARTNERSHIP LLP
Statement of Financial Position
2022
£
£
2023
Notes
Fixed assets
Property, plant and equipment
242,271
168,680
2
242,271
168,680
Current assets
Trade and other receivables
132,232
307,437
3
3,539
(10,483)
Cash and cash equivalents
310,976
121,749
Trade and other payables: amounts falling due within one
year
(528,642)
(942,628)
4
(406,893)
(631,652)
Net current liabilities
Total assets less current liabilities
(389,381)
(238,213)
Trade and other payables: amounts falling due after more
than one year
(24,915)
(14,266)
5
(403,647)
Net liabilities attributable to members
(263,128)
Represented by:
Loans and other debts due to members
558,872
549,372
6
Members' other interests
Members' capital
32,362
32,362
Revaluation reserve
294,572
298,956
Other reserves
233,559
189,194
560,493
520,512
1,119,365
1,069,884
Total members' interests
Amounts due from members
(1,523,012)
(1,333,012)
Loans and other debts due to members
558,872
549,372
6
Members' other interests
560,493
520,512
(403,647)
(263,128)
For the year ended 30 November 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
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 affair of the LLP as at the end of each
financial year and of its profit or loss for each 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
Liabilities Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to the
financial statements, so far as applicable to the LLP
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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OC359771
Registered Number :
For the year ended 30 November 2023
REAM PARTNERSHIP LLP
Statement of Financial Position Continued
The financial statements are prepared in accordance with the provisions applicable to LLP's subject to the small LLP's regime.
Mr Gregory Alan PageDesignated Member
These financial statements were approved by the members on 21 November 2024 and signed on their behalf by:
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For the year ended 30 November 2023
REAM PARTNERSHIP LLP
Notes to the Financial Statements
1. Accounting policies
Statutory Information
REAM PARTNERSHIP LLP is a limited liability partnership, domiciled in England and Wales, registration number
OC359771.
Principal place of business:
Tallis House
2 Tallis Street
London
EC4Y 0AB
Registered address:
Suite 205
Balfour House
741 High Road
London
N12 0BP
The presentation currency is £ sterling.
Basis of preparation
The report and financial statements for the year ended 30 November 2023 have been prepared under the historical
cost convention and in accordance with the Section 1A of Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland' and the Statement of Recommended Practice "Accounting by
Limited Liability Partnerships".
GOING CONCERN
The financial statements have been prepared on the going concern basis which is dependent on the continued
financial support from the
company's directors and other creditors and on the ability of the company to continue trading. Should the directors
and other creditors
withdraw thier support and the company be unable to continue trading, adjustments would have to be made to
reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and
re-clasiffy fixed assets as current assets.
Turnover
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
Taxation
Taxation on all the LLP's profits is solely the personal liability of individual members and is not dealt with in these
financial statements.
Depreciation of tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
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For the year ended 30 November 2023
REAM PARTNERSHIP LLP
Notes to the Financial Statements Continued
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the members compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Leasing and hire purchase commitments
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling on the date of the transaction. Exchange differences are dealt with in the profit and loss account.
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 December 2022
374,557
105,489
116,670
152,398
77,662
52,740
24,922
-
Additions
At 30 November 2023
152,398
141,592
158,229
452,219
Provision for depreciation and impairment
At 01 December 2022
205,877
97,992
107,885
-
Charge for year
4,071
1,874
2,197
-
At 30 November 2023
209,948
99,866
110,082
-
At 30 November 2023
Net book value
152,398
31,510
58,363
242,271
At 30 November 2022
152,398
8,785
7,497
168,680
3. Trade and other receivables
2023
2022
£
£
Trade debtors
284,378
132,232
Other debtors
23,059
-
307,437
132,232
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For the year ended 30 November 2023
REAM PARTNERSHIP LLP
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
77,450
77,450
Bank loans and overdrafts (secured)
Bank loans and overdraft
10,000
10,000
Bank loans and overdraft
30,202
-
Trade creditors
808,007
378,718
Taxation and social security
68,321
12,272
Other creditors
(21,150)
20,000
942,628
528,642
5. Trade and other payables: amounts falling due after more than one year
2023
2022
£
£
24,915
14,266
Bank loans and overdraft
6. Loans and other debts due to members
2022
2023
£
£
Loans from members
558,872
549,372
558,872
549,372
7. Average number of persons employed
During the year the average number of employees was 0 (2022 : 7)
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