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REGISTERED NUMBER: OC416367 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Phillips & Leigh LLP

Phillips & Leigh LLP (Registered number: OC416367)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phillips & Leigh LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mr J C Boff
Mr M F Hammler





REGISTERED OFFICE: 10 Crest View
Harrow
Pinner
Middlesex
HA5 1AN





REGISTERED NUMBER: OC416367 (England and Wales)





ACCOUNTANTS: DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB

Phillips & Leigh LLP (Registered number: OC416367)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 14,868

CURRENT ASSETS
Debtors 5 129,309 61,839
Cash at bank and in hand 82,358 112,080
211,667 173,919
CREDITORS
Amounts falling due within one year 6 - (22,880 )
NET CURRENT ASSETS 211,667 196,799
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 211,667 211,667

LOANS AND OTHER DEBTS DUE TO MEMBERS - -

MEMBERS' OTHER INTERESTS
Capital accounts 211,667 211,667
211,667 211,667

TOTAL MEMBERS' INTERESTS
Members' other interests 211,667 211,667
Amounts due from members 5 (80,675 ) (18,885 )
130,992 192,782

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.

Phillips & Leigh LLP (Registered number: OC416367)

Balance Sheet - 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 31 December 2024 and were signed by:




Mr J C Boff - Designated member




Mr M F Hammler - Designated member


Phillips & Leigh LLP (Registered number: OC416367)

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

1. STATUTORY INFORMATION

Phillips & Leigh 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
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.

The business has been affected by the Covid 19 pandemic and although the full impact of this is currently unknown, the members are proposing to support the business throughout this time.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 25% on cost

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 8 ) .

Phillips & Leigh LLP (Registered number: OC416367)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 29,456 42,458 71,914
Disposals (29,456 ) (42,458 ) (71,914 )
At 31 March 2024 - - -
DEPRECIATION
At 1 April 2023 14,728 42,318 57,046
Eliminated on disposal (14,728 ) (42,318 ) (57,046 )
At 31 March 2024 - - -
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 14,728 140 14,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,001 41,207
Other debtors 122,308 20,632
129,309 61,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - (32 )
Other creditors - (22,848 )
- (22,880 )