Registered No. OC393413 (England and Wales)
Finks Salt And Sweet Llp
Unaudited accounts
for the year ended 31 March 2024
Finks Salt And Sweet Llp
LLP Information
for the year ended 31 March 2024
Designated members
Mr Matthew Appleton
Ms Jessica Miriam Blackstone
Registered Number
OC393413 (England and Wales)
Registered Office
70 Mountgrove Road
London
N5 2LT
United Kingdom
Finks Salt And Sweet Llp
Statement of financial position
as at 31 March 2024
Tangible assets
365,039
291,592
Cash at bank and in hand
6,187
68,300
Creditors: amounts falling due within one year
(444,633)
(204,938)
Net current liabilities
(76,968)
(68,624)
Total assets less current liabilities
288,071
222,968
Creditors: amounts falling due after more than one year
(29,849)
(40,570)
Net assets attributable to members
258,222
182,398
Loans and other debts due to members
231,742
119,744
Other reserves
26,480
62,654
Loans and other debts due to members
231,742
119,744
Members' other interests
26,480
62,654
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 9 January 2025.
Ms Jessica Miriam Blackstone
Designated member
Limited Liability Partnership Registration No. OC393413
Finks Salt And Sweet Llp
Notes to the Accounts
for the year ended 31 March 2024
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Up to 15 years
Fixtures & fittings
5 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme.
Finks Salt And Sweet Llp is a limited liability partnership, incorporated in England and Wales, registration number OC393413. Its registered office is 70 Mountgrove Road, London, N5 2LT, United Kingdom.
3
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
248,090
86,035
16,171
350,296
Additions
15,000
79,776
28,492
123,268
At 31 March 2024
263,090
165,811
44,663
473,564
At 1 April 2023
4,958
38,186
15,560
58,704
Charge for the year
2,400
42,236
5,185
49,821
At 31 March 2024
7,358
80,422
20,745
108,525
At 31 March 2024
255,732
85,389
23,918
365,039
At 31 March 2023
243,132
47,849
611
291,592
Finks Salt And Sweet Llp
Notes to the Accounts
for the year ended 31 March 2024
4
Creditors: amounts falling due within one year
2024
2023
Trade creditors
70,362
76,485
Taxes and social security costs
145
(4,527)
Other creditors
262,871
22,077
5
Creditors: amounts falling due after more than one year
2024
2023
6
Loans and other debts due to members
2024
2023
Loans from members
231,742
119,744
Amounts falling due within one year
231,742
119,744
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 17 (2023: 15).