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REGISTERED NUMBER: OC355264 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

RICHARD BALDWIN MOTORHOMES LLP

RICHARD BALDWIN MOTORHOMES LLP (REGISTERED NUMBER: OC355264)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICHARD BALDWIN MOTORHOMES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DESIGNATED MEMBERS: R Baldwin
G M Morgan





REGISTERED OFFICE: Wakefield Road
Copley
Halifax
West Yorkshire
HX3 0TP





REGISTERED NUMBER: OC355264 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

RICHARD BALDWIN MOTORHOMES LLP (REGISTERED NUMBER: OC355264)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 97,501 112,501
Tangible assets 5 1,245,838 1,282,862
1,343,339 1,395,363

CURRENT ASSETS
Stocks 2,440,956 1,102,083
Debtors 6 43,454 66,215
Cash at bank and in hand 287,799 489,070
2,772,209 1,657,368
CREDITORS
Amounts falling due within one year 7 1,900,510 1,577,247
NET CURRENT ASSETS 871,699 80,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,215,038

1,475,484

CREDITORS
Amounts falling due after more than one
year

8

423,605

-
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,791,433

1,475,484

RICHARD BALDWIN MOTORHOMES LLP (REGISTERED NUMBER: OC355264)

BALANCE SHEET - continued
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,791,333

1,475,384

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
1,791,433 1,475,484

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,791,333 1,475,384
Members' other interests 100 100
1,791,433 1,475,484

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 29th February 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.

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 29th November 2024 and were signed by:





G M Morgan - Designated member

RICHARD BALDWIN MOTORHOMES LLP (REGISTERED NUMBER: OC355264)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Richard Baldwin Motorhomes 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Other are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 15 (2023 - 15 ) .

RICHARD BALDWIN MOTORHOMES LLP (REGISTERED NUMBER: OC355264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill Other Totals
£    £    £   
COST
At 1st March 2023
and 29th February 2024 300,000 1 300,001
AMORTISATION
At 1st March 2023 187,500 - 187,500
Amortisation for year 15,000 - 15,000
At 29th February 2024 202,500 - 202,500
NET BOOK VALUE
At 29th February 2024 97,500 1 97,501
At 28th February 2023 112,500 1 112,501

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st March 2023 1,603,272 90,935 62,894 1,757,101
Additions 1,080 - - 1,080
At 29th February 2024 1,604,352 90,935 62,894 1,758,181
DEPRECIATION
At 1st March 2023 348,188 81,736 44,315 474,239
Charge for year 31,982 1,478 4,644 38,104
At 29th February 2024 380,170 83,214 48,959 512,343
NET BOOK VALUE
At 29th February 2024 1,224,182 7,721 13,935 1,245,838
At 28th February 2023 1,255,084 9,199 18,579 1,282,862

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,641 7,825
VAT 8,943 35,405
Prepayments 18,870 22,985
43,454 66,215

RICHARD BALDWIN MOTORHOMES LLP (REGISTERED NUMBER: OC355264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 77,143 534,188
Creditors 1,465,864 674,583
Social security and other taxes 4,882 3,600
Pension liability 1,404 1,042
Stock financing 168,639 125,297
Customer deposits 160,969 207,456
Accrued expenses 21,609 31,081
1,900,510 1,577,247

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 77,143 -
Bank loans - 2-5 years 231,429 -
Bank loans 115,033 -
423,605 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 115,033 -

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank pari passu to other creditors.