IRIS Accounts Production v24.3.2.46 OC381162 designated member designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3811622023-03-31OC3811622024-03-31OC3811622023-04-012024-03-31OC3811622022-03-31OC3811622022-04-012023-03-31OC3811622023-03-31OC381162ns15:EnglandWales2023-04-012024-03-31OC381162ns14:PoundSterling2023-04-012024-03-31OC381162ns10:PartnerLLP12023-04-012024-03-31OC381162ns10:PartnerLLP22023-04-012024-03-31OC381162ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC381162ns10:SmallEntities2023-04-012024-03-31OC381162ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC381162ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC381162ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC381162ns10:FullAccounts2023-04-012024-03-31OC381162ns10:RegisteredOffice2023-04-012024-03-31OC381162ns5:CurrentFinancialInstruments2024-03-31OC381162ns5:CurrentFinancialInstruments2023-03-31OC381162ns5:ComputerEquipment2023-04-012024-03-31OC381162ns5:ComputerEquipment2023-03-31OC381162ns5:ComputerEquipment2024-03-31OC381162ns5:ComputerEquipment2023-03-31OC381162ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31OC381162ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: OC381162 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Paul Budgen Associates LLP

Paul Budgen Associates LLP (Registered number: OC381162)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Paul Budgen Associates LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: P G Budgen
M L Budgen





REGISTERED OFFICE: Mereworth
Shipley Bridge Lane
Copthorne
West Sussex
RH10 3JL





REGISTERED NUMBER: OC381162 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Paul Budgen Associates LLP (Registered number: OC381162)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 5 9,127 4,510
Cash at bank 4,449 211
13,576 4,721
CREDITORS
Amounts falling due within one year 6 1,868 1,134
NET CURRENT ASSETS 11,708 3,587
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

11,708

3,587

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

11,708

3,587

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 11,708 3,587

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.

Paul Budgen Associates LLP (Registered number: OC381162)

Statement of Financial Position - 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 2 January 2025 and were signed by:




P G Budgen - Designated member




M L Budgen - Designated member


Paul Budgen Associates LLP (Registered number: OC381162)

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

1. STATUTORY INFORMATION

Paul Budgen Associates LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the gross invoiced supply of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 2,281
DEPRECIATION
At 1 April 2023
and 31 March 2024 2,281
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,222 3,735
Other debtors 905 775
9,127 4,510

Paul Budgen Associates LLP (Registered number: OC381162)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 494 -
Other creditors 1,374 1,134
1,868 1,134

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£    £   
Amounts owed to members in respect of profits 11,708 3,587

Falling due within one year 11,708 3,587

The amounts due to members ranks equally in relation to creditors.