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REGISTERED NUMBER: OC307063 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Spark Brothers LLP

Spark Brothers LLP (Registered number: OC307063)






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


Spark Brothers LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: R N Spark
Mrs B Spark
Mrs A Spark





REGISTERED OFFICE: 7 Pennine Drive
Altrincham
Cheshire
WA14 4NH





REGISTERED NUMBER: OC307063 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
The Old Schoolhouse
5-7 Byrom Street
Manchester
M3 4PF

Spark Brothers LLP (Registered number: OC307063)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 150,000 150,000

CURRENT ASSETS
Debtors 5 85,286 132,286
Cash at bank 17,124 55,832
102,410 188,118
CREDITORS
Amounts falling due within one year 6 4,533 4,533
NET CURRENT ASSETS 97,877 183,585
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

247,877

333,585

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

97,877

183,585

MEMBERS' OTHER INTERESTS
Capital accounts 100,000 100,000
Revaluation reserve 8 50,000 50,000
247,877 333,585

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 97,877 183,585
Members' other interests 150,000 150,000
Amounts due from members 5 (80,812 ) (127,812 )
167,065 205,773

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.

Spark Brothers LLP (Registered number: OC307063)

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 27 November 2024 and were signed by:





R N Spark - Designated member

Spark Brothers LLP (Registered number: OC307063)

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

1. STATUTORY INFORMATION

Spark Brothers 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 represents rental income receivable and recharged insurance costs.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2023 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 150,000
At 31 March 2023 150,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 85,286 132,286

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 4,533 4,533

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members only take drawings where cash is available and other creditors are not adversely affected.

Spark Brothers LLP (Registered number: OC307063)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 50,000

9. RELATED PARTY DISCLOSURES

The investment property was transferred to the LLP in 2005 by R N Spark and A J Spark, who purchased the property from the Joseph Spark and Sons Pension Fund, of which they were trustees and advisers, for its estimated market value at that time of £100,000 less legal costs.

10. ULTIMATE CONTROLLING PARTY

There is no controlling party as all designated members have equal voting rights.