Registered number
OC321097
and/or/if LLP
Filleted Accounts
31 March 2024
and/or/if LLP
LLP Information
Designated members
Simon Letherland
Mark Stanton
Abi Searle-Jones
Accountants
J W Grogan
95 Headstone Lane
Harrow
Middlesex
HA2 6JL
Registered office
Oakridge Barn
Plum Park Estate,Watling Street
Paulerspury
Towcester
Northants
Registered number
OC321097
and/or/if LLP
Registered number: OC321097
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,864 11,164
Current assets
Stocks - WIP 21,278 71,041
Debtors 4 8,215 18,587
Cash at bank and in hand 81,735 82,068
111,228 171,696
Creditors: amounts falling due within one year 5 (100,176) (137,366)
Net current assets 11,052 34,330
Total assets less current liabilities 21,916 45,494
Net assets attributable to members 21,916 45,494
Represented by:
Members' other interests
Members' capital classified as equity 6 21,916 45,494
21,916 45,494
Total members' interests
Members' other interests 21,916 45,494
21,916 45,494
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 18 December 2024 and signed on their behalf by:
Mark Stanton
Designated member
and/or/if LLP
Reconciliation of Members' Interests
for the year ended 31 March 2024
£
EQUITY DEBT TOTAL
Members' other interests Loans and other debts due to members
less any amounts due from members
in debtors
Members' capital (classified as equity) Revaluation reserve Other reserves Total Members' capital (classified as debt) Other amounts Total Total members' interests
Balance at 1 April 2023 45,494 - - 45,494 - - - 45,494
Profit for the financial year available for discretionary division among members 279,039 - 279,039 279,039
Members' interests after profit for the year 324,533 - - 324,533 - - - 324,533
Repaid to members (302,617) (302,617) - - - (302,617)
Balance at 31 March 2024 21,916 - - 21,916 - - - 21,916
and/or/if LLP
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Work in progress
Work in progress represents long term contracts where the prudently calculated atributable profit can be assessed with reasonable certainty by reference to the stage of completion at the end of the accounting period.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 4 3
3 Tangible fixed assets
Computer Equipment Fixtures and fittings Total
£ £ £
Cost
At 1 April 2023 71,939 9,350 81,289
Additions 4,239 - 4,239
At 31 March 2024 76,178 9,350 85,528
Depreciation
At 1 April 2023 61,884 8,241 70,125
Charge for the year 4,409 130 4,539
At 31 March 2024 66,293 8,371 74,664
Net book value
At 31 March 2024 9,885 979 10,864
At 31 March 2023 10,055 1,109 11,164
4 Debtors 2024 2023
£ £
Trade debtors 990 11,362
Other debtors - prepayments 7,225 7,225
8,215 18,587
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 594 24,685
Other taxes and social security costs (482) 1,825
Other creditors - accruals and deferred income 100,064 110,856
100,176 137,366
6 Members capital classified as equity
A M S Total
£ £ £ £
At 1 April 2023 17,241 13,931 14,322 45,494
Allocation of profits 97,555 83,929 97,555 279,039
Drawings - 103,299 - 96,019 - 103,299 - 302,617
At 31 March 2024 11,497 1,841 8,578 21,916
7 Other information
and/or/if LLP is a limited liability partnership incorporated in England. Its registered office is:
Oakridge Barn
Plum Park Estate,Watling Street
Paulerspury
Towcester
Northants
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