OC443558falseBook Retailer.2023-09-012024-08-31http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/cd:Director12023-09-012024-08-31http://www.companieshouse.gov.uk/cd:Director22023-09-012024-08-31http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP2023-09-012024-08-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-08-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-08-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-09-012024-08-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-09-012024-08-31http://www.companieshouse.gov.uk/2022-09-012023-08-31http://www.companieshouse.gov.uk/2023-09-012024-08-31http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/cd:FRS1022023-09-012024-08-31http://www.companieshouse.gov.uk/2024-08-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-09-012024-08-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: OC443558

Surrey Hills Books LLP

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31/08/2024

Prepared By:
JER Accounts Service
Accountants & Taxation
7 St Pauls Yard
Silver Street
Newport Pagnell
Bucks
MK16 0EG

Surrey Hills Books LLP

ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
DESIGNATED MEMBERS
Penny Cornelius
Richard Cornelius
REGISTERED OFFICE
5 Hydon Grove
Cranleigh
Surrey
GU6 8GG
COMPANY NUMBER
OC443558
ACCOUNTANTS
JER Accounts Service
Accountants & Taxation
7 St Pauls Yard
Silver Street
Newport Pagnell
Bucks
MK16 0EG

Surrey Hills Books LLP

CONTENTS
Page
Report of the Members3
Profit and Loss Account4
Balance Sheet5
Notes to the Accounts6
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account10
Profit and Loss Account Summaries11
Capital Accounts-
Current Accounts11

Surrey Hills Books LLP

MEMBERS' REPORT
FOR THE YEAR ENDED 31/08/2024
The members present their report and accounts for the year ended 31/08/2024
PRINCIPAL ACTIVITIES
The principal activity of the LLP in the year under review was Book Retailer. .
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £(5,719) (2023 £(7,165)).
DRAWINGS POLICY
The LLP operates a drawings policy which has regard to a cautious estimate of expected profits. Drawings are restricted to prudent levels, taking into account working capital performance, until the results for the year and individual members' allocations have been determined.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
This report was approved on behalf of the members on 13/01/2024
Richard Cornelius
Designated member

Surrey Hills Books LLP

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED31/08/2024
Notes20242023
££
TURNOVER337,84744,138
Cost of sales(16,133)(26,264)
GROSS PROFIT21,71417,874
Administrative expenses(27,433)(25,039)
OPERATING LOSS(5,719)(7,165)
LOSS FOR THE FINANCIALYEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS(5,719)(7,165)

Surrey Hills Books LLP

BALANCE SHEET AT 31/08/2024
20242023
Notes££
FIXED ASSETS
Tangible assets67,3339,777
CURRENT ASSETS
Stock1d38,00039,000
Debtors812,9657,300
Cash at bank and in hand7,5409,761
58,50556,061
NET CURRENT ASSETS58,50556,061
TOTAL ASSETS LESS CURRENT LIABILITIES65,83865,838
CREDITORS: Amounts falling due after more than oneyear1065,83865,838
MEMBERS ' OTHER INTERESTS
TOTAL MEMBERS' INTERESTS
Amounts due from members8(12,884)(7,165)
(12,884)(7,165)
For the year ending 31/08/2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
Approved by the members on 13/01/2024 and signed on their behalf by
.............................
Richard Cornelius
Designated Member

Surrey Hills Books LLP

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
1. ACCOUNTING POLICIES
1b. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment %
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. INFORMATION IN RELATION TO MEMBERS 20242023
The average number of members during the year was22

Surrey Hills Books LLP

3. TURNOVER
The turnover and pre-tax result is attributable to Book Retailer..
20242023
££
Sales37,84744,138
37,84744,138
4. OPERATING PROFIT
20242023
££
Operating Profit is stated after charging:
Depreciation2,4443,259
2,4443,259
5. EMPLOYEES
20242023
No.No.
Average number of employees--
6. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/09/202313,03613,036
At 31/08/202413,03613,036
Depreciation
At 01/09/20233,2593,259
For the year2,4442,444
At 31/08/20245,7035,703
Net Book Amounts
At 31/08/20247,3337,333
At 31/08/20239,7779,777

Surrey Hills Books LLP

7. STOCK 20242023
££
Stock comprises:
Stock38,00039,000
38,00039,000
8. DEBTORS 20242023
££
Amounts falling due within one year:
VAT81135
Amounts due from members12,8847,165
12,9657,300
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Other creditors65,83865,838
65,83865,838

Surrey Hills Books LLP

11. LOANS AND OTHER DEBTS DUE TO MEMBERS 20242023
££
The loans and debts due to members rank equally with debts due to ordinary creditors in a winding up.
12. MEMBERS INTERESTS
Members' capital (classified as equity)ReservesTotalLoans and other debts due to/(from) membersTotal
£££££
Amount due from members(7,165)
Balance at 01/09/2023---(7,165)(7,165)
Profit for the financial year available for discretionary division among members(5,719)(5,719)-(5,719)
Members' interests after profit for the year-(5,719)(5,719)(7,165)(12,884)
Other divisions of profit5,7195,719(5,719)
Amount due from members(12,884)
Balance at 31/08/2024---(12,884)(12,884)

Surrey Hills Books LLP

TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31/08/2024
20242023
££
Turnover37,84744,138
Cost of Sales:
Stock at 31/08/202339,000-
Purchases12,99256,467
Other direct expenses2,1418,797
54,13365,264
Stock at 31/08/2024(38,000)(39,000)
16,13326,264
Gross Profit21,71417,874
21,71417,874
Less:
Distribution costs3801,449
Administrative expenses27,05323,590
27,43325,039
Net loss for the year before taxation(5,719)(7,165)
Net loss for the year after taxation(5,719)(7,165)
Retained losses carried forward(5,719)(7,165)
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.

Surrey Hills Books LLP

PROFIT AND LOSS ACCOUNT SUMMARIES
FOR THE YEAR ENDED 31/08/2024
20242023
££
Cost of sales - purchases:
Purchases12,99256,467
12,99256,467
Cost of sales - other direct costs:
Other direct expenses2,1416,000
Carriage-out-2,797
2,1418,797
Distribution Costs:
Advertising and sales promotion3801,287
Travel-162
3801,449
Administrative Expenses:
Heat and light (electricity)1,5691,069
Rent17,57615,786
Repairs and renewals190-
Computer costs-327
Professional fees1,150572
Insurance708659
Stationery & office supplies-623
Telephone 3,241248
Subscriptions1759
Sundry expenses-1,038
Depreciation and Amortisation:
Depreciation of equipment2,4443,259
27,05323,590
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.

Surrey Hills Books LLP

13. MEMBERS' CURRENT ACCOUNTS
Richard CorneliusTotal
££
At 01/09/2023(7,165)(7,165)
(7,165)(7,165)
Share of loss5,7195,719
At 31/08/2024(12,884)(12,884)