Registered number
OC344533
Blake Thomas & Co
Filleted Accounts
31 March 2024
Blake Thomas & Co
Registered number: OC344533
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,668 27,668
Current assets
Stocks 19,437 25,117
Debtors 4 17,865 7,935
Cash at bank and in hand - 4,615
37,302 37,667
Creditors: amounts falling due within one year 5 (12,188) (5,587)
Net current assets 25,114 32,080
Total assets less current liabilities 52,782 59,748
Creditors: amounts falling due after more than one year 6 - (996)
Net assets attributable to members 52,782 58,752
Represented by:
Loans and other debts due to members 7 52,782 58,752
52,782 58,752
Total members' interests
Loans and other debts due to members 7 52,782 58,752
52,782 58,752
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 10 January 2025 and signed on their behalf by:
I B Blake Thomas
Designated member
Blake Thomas & Co
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 sale of goods is recognised when the significant risks and rewards of ownership of the goods have 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.
Division of profits
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 and until 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.
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.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 48,906
At 31 March 2024 48,906
Depreciation
At 1 April 2023 21,238
At 31 March 2024 21,238
Net book value
At 31 March 2024 27,668
At 31 March 2023 27,668
4 Debtors 2024 2023
£ £
Trade debtors 17,865 7,935
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,495 -
Trade creditors 2,217 1,284
Other taxes and social security costs 4,043 4,303
Other creditors 433 -
12,188 5,587
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 996
7 Loans and other debts due to members 2024 2023
£ £
Loans from members 52,782 58,752
Amounts falling due within one year 52,782 58,752
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
Blake Thomas & Co is a limited liability partnership incorporated in England. Its registered office is:
Padddock Cottage
Sandy Lane
Milford
GU8 5BL
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