REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 NOVEMBER 2023 TO 31 MARCH 2024 |
FOR |
SOPHIE & BOO LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 NOVEMBER 2023 TO 31 MARCH 2024 |
FOR |
SOPHIE & BOO LLP |
SOPHIE & BOO LLP (REGISTERED NUMBER: OC341118) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 November 2023 to 31 March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SOPHIE & BOO LLP |
GENERAL INFORMATION |
for the Period 1 November 2023 to 31 March 2024 |
DESIGNATED MEMBERS: |
Mrs S E Allsopp |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Langley House |
Park Road |
East Finchley |
London |
N2 8EY |
SOPHIE & BOO LLP (REGISTERED NUMBER: OC341118) |
BALANCE SHEET |
31 March 2024 |
31.3.24 | 31.10.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
76,195 |
130,970 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
76,195 |
130,970 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 76,195 | 130,970 |
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. |
SOPHIE & BOO LLP (REGISTERED NUMBER: OC341118) |
BALANCE SHEET - continued |
31 March 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
SOPHIE & BOO LLP (REGISTERED NUMBER: OC341118) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 November 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Sophie & Boo 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 |
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 sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. 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. |
Tangible fixed assets |
Plant & machinery 25% reducing balance/ 33.33% straight line |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Division of profit |
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless the members agree to divide them. Profits are otherwise automatically divided and included under members remuneration charged as an expense in the profit and loss account. |
Members' capital |
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL (2023 - |
SOPHIE & BOO LLP (REGISTERED NUMBER: OC341118) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 November 2023 to 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 November 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 November 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 October 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.10.23 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.10.23 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Included in other creditors are accrued expenses of £3,110 (Oct 2023: £6,950). |