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REGISTERED NUMBER: SO300095 (Scotland)




















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARTHUR BEVERLY FINANCIAL MANAGEMENT LLP

ARTHUR BEVERLY FINANCIAL MANAGEMENT LLP (REGISTERED NUMBER: SO300095)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Abridged Balance Sheet 4

Notes to the Financial Statements 6


ARTHUR BEVERLY FINANCIAL MANAGEMENT LLP

GENERAL INFORMATION
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: A J Beverly
Mrs J M S Beverly



REGISTERED OFFICE: 106 Clober Road
Milngavie
Glasgow
G62 7SR



REGISTERED NUMBER: SO300095 (Scotland)



ACCOUNTANTS: Curle & Co
Chartered Accountants
22 Backbrae Street
Kilsyth
G65 0NH



BANKERS: The Royal Bank of Scotland
Glasgow Charing Cross West Branch
9 Clifton Place
Glasgow
G3 7JU

ARTHUR BEVERLY FINANCIAL MANAGEMENT LLP (REGISTERED NUMBER: SO300095)

REPORT OF THE MEMBERS
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of financial advisors.

DESIGNATED MEMBERS
The designated members during the year under review were:

A J Beverly
Mrs J M S Beverly

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £11,147 (2023 - £17,669 profit).

MEMBERS' INTERESTS
There are no salaried members, and both members share profits equally.

ON BEHALF OF THE MEMBERS:





A J Beverly - Designated member


7 August 2024

ARTHUR BEVERLY FINANCIAL MANAGEMENT LLP (REGISTERED NUMBER: SO300095)

INCOME STATEMENT
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 1,666 669

Administrative expenses 16,276 16,617
(14,610 ) (15,948 )

Other operating income 25,500 33,500
OPERATING PROFIT 4 10,890 17,552

Interest receivable and similar income 257 117
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




11,147




17,669

ARTHUR BEVERLY FINANCIAL MANAGEMENT LLP (REGISTERED NUMBER: SO300095)

ABRIDGED BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 19,023 25,363

CURRENT ASSETS
Cash at bank 35,008 39,519

CREDITORS
Amounts falling due within one year 7,043 10,943
NET CURRENT ASSETS 27,965 28,576
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

46,988

53,939

LOANS AND OTHER DEBTS DUE TO
MEMBERS

46,988

53,939

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 46,988 53,939

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.

ARTHUR BEVERLY FINANCIAL MANAGEMENT LLP (REGISTERED NUMBER: SO300095)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) 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 financial statements were approved by the members of the LLP and authorised for issue on 7 August 2024 and were signed by:




A J Beverly - Designated member




Mrs J M S Beverly - Designated member


ARTHUR BEVERLY FINANCIAL MANAGEMENT LLP (REGISTERED NUMBER: SO300095)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Arthur Beverly Financial Management LLP is registered in Scotland. 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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

3. EMPLOYEE INFORMATION

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 6,340 8,907

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 99,560
DEPRECIATION
At 1 April 2023 74,197
Charge for year 6,340
At 31 March 2024 80,537
NET BOOK VALUE
At 31 March 2024 19,023
At 31 March 2023 25,363

ARTHUR BEVERLY FINANCIAL MANAGEMENT LLP (REGISTERED NUMBER: SO300095)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £